40.9 Billion DOGE Held by Robinhood - 30.9% of Coins in Circulation: Details
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
@DogeWhaleAlert Twitter account has tweeted that Robinhood keeps holding over one-third of the overall circulating DOGE supply for its clients.
Meanwhile, the largest meme cryptocurrency by market capitalization value has again helped move a massive amount of value for just a tiny fee compared to banks.
$38 million in DOGE stored by Robinhood
As per a recent tweet, @DogeWhaleAlert account that tracks large Dogecoin transactions made by whales, stated that the amount of popular canine tokens held by the platform for its investors continues to hold at the 30% level, i.e., 30.90% of the Dogecoin supply circulating in the market.
This is worth a staggering $4,390,002,113 and comprises 40,998,170,618 DOGE.
This meme crypto that belongs to Robinhood's customers is held in the platform's two known wallets, 3334959 and 1699275, using eight addresses.
This share of DOGE on Robinhood fluctuates a little bit down or up from time to time but overall mostly stays at the level mentioned above.
#Robinhood's ? two known wallets—3334959 & 1699275—use eight known addresses. The total combined amount of #Dogecoin held by RH ? on behalf of its investors is:
— Ðogecoin Whale Alert (@DogeWhaleAlert) May 11, 2022
40,998,170,618 $DOGE
$4,390,002,113 USD
30.90% of the circulating supplyhttps://t.co/iWz81VqfEE
Tomiwabold Olajide359.3 million DOGE shifted to a top 20 wallet
@DogeWhaleAlert has also mentioned that a jaw-dropping amount of DOGE has been sent from an anonymous address to a top 20 crypto wallet.
Remarkably, 359,324,741 coins worth $38,079,439 have been sent for just a symbolic fee of $6.71 (63.33 DOGE)—a transaction fee that no bank can offer.
?????????????
— Ðogecoin Whale Alert (@DogeWhaleAlert) May 11, 2022
359,324,741 $DOGE ($38,079,439 USD) was transferred from an unknown wallet to a #Top20 wallet.
Fee: 63.33 ($6.71 USD)
Tx: https://t.co/neXvev3bj7#DogecoinWhaleAlert #WhaleAlert #Dogecoin #CryptoNews
Related articles
Denys Serhiichuk
Dan Burgin
Alex Dovbnya
Vladislav Sopov