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33.5 Billion Dogecoin Stored by Robinhood as DOGE Is up 6.3%

Mon, 03/13/2023 - 15:26
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Yuri Molchan
Recently shared data shows that Robinhood keeps holding nearly 25% of circulating DOGE for its clients
33.5 Billion Dogecoin Stored by Robinhood as DOGE Is up 6.3%
Cover image via stock.adobe.com

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According to data provided by @DogeWhaleAlert, popular trading app Robinhood continues to hold a whopping 33,562,118,379 Dogecoins. This amount of meme tokens so favored by the crypto community is equal to $2,206,373,662. This is a tiny bit less than the company held a week ago.

This also constitutes 24.23% of the DOGE supply in circulation, according to the tweet.

In the meantime, the above-mentioned tracker of DOGE transactions shared that staggering amounts of this meme coin were sent to Binance with the participation of a top 20 wallet.

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A total of 31,499,993 Dogecoin was sent from one anonymous wallet to another. That DOGE chunk was worth $2,197,660. Slightly more than 15.5 million Dogecoins were transferred to the Binance exchange from unknown multiple wallets.

Finally, 14,999,980 DOGE worth slightly under $1 million got moved from a top 20 wallet to an anonymous address. The overall worth of all these meme coins comprises approximately $4.3 million.

In the meantime, Dogecoin is showing signs of price revival. Over the past 24 hours, it has risen over 6%, and it is up 1.72% over the past hour. At the moment, the original meme coin is changing hands at $0.07051, according to CoinMarketCap.

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Image via CoinMarketCap
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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.