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According to a recent&nbsp;<a href="https://x.com/whale_alert/status/1796305444031316274" rel="noopener noreferrer nofollow">update</a> from Whale Alert, a popular blockchain tracker, 90 million DOGE tokens (roughly $14.2 million) at current prices left Robinhood eight hours ago.&nbsp;
The leading meme cryptocurrency dropped by 3% earlier today before clawing back some losses.
Robinhood, a popular commission-free investment app, added support for Dogecoin back in 2018.&nbsp;
In early 2021, Robinhood played a pivotal role in Dogecoin's meteoric rise due to the fact that this platform dominates retail activity in the U.S.&nbsp;
According to the company's Q1 update, its users hold $7.4 billion worth of Dogecoin. This is a larger sum compared to Ethereum ($5.6 billion). Bitcoin remains the biggest holding among Robinhood users with $10.4 billion.&nbsp; &nbsp;&nbsp;
<h2 id="whales-scoop-up-dogecoin">Whales scoop up Dogecoin&nbsp;</h2>
At the same time, Santiment data shows that Dogecoin whales have&nbsp;<a href="https://x.com/ali_charts/status/1796440341387849846" rel="noopener noreferrer nofollow">purchased</a> 700 million DOGE tokens (roughly $112 million) over the past 24 hours.&nbsp;
Despite this buying pressure, Dogecoin's price performance has been rather underwhelming.&nbsp;
Popular cryptocurrency trader Kaleo recently predicted that the largest meme coin is going to spend a bit longer in the current range before it eventually surges much higher.&nbsp;
"If you don't think the king of memes eventually sends during the meme supercycle, you're crazy," the trader&nbsp;<a href="https://x.com/CryptoKaleo/status/1795880451766136846" rel="noopener noreferrer nofollow">added</a>.&nbsp;
Dogecoin is still down a whopping 72% from its record high despite rallying 83% in 2024.&nbsp;

90 Million DOGE Tokens Suddenly Leave Robinhood as Price Slips 3%

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