$4.9 Billion in DOGE Held by Robinhood Now: Details

According to a tweet recently posted by @DogeWhaleAlert account, the Robinhood brokerage company holds nearly $5 billion worth of Dogecoin on behalf of its investors.

Meanwhile, a staggering $34 million in DOGE were recently transferred between anonymous wallets.

Robinhood holds 31.7% of circulating Dogecoins

In a recent tweet, @DogeWhaleAlert spread the word that Robinhood stores an astounding $4,945,874,342 worth of the original meme cryptocurrency, Dogecoin. That comprises 42,157,488,061 coins in DOGE equivalent. This is also 31.78% of the token’s total supply in circulation.

The tweet also states that the company uses two wallets made up of eight addresses for storing Dogecoin.

#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:

42,157,488,061 $DOGE
$4,945,874,342 USD
31.78% of the circulating supplyhttps://t.co/iWz81V8Eg4

— Ðogecoin Whale Alert (@DogeWhaleAlert) March 17, 2022

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300 million DOGE shifted by anon wallets

Among multiple Dogecoin transactions, @DogeWhaleAlert has spotted a massive one, carrying a whopping 300,000,000 DOGE worth $34,473,300.

The fee for this transfer comprised 84.17 DOGE, which is almost $10.

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300,000,000 $DOGE ($34,473,300 USD) was transferred from multiple wallets to an unknown wallet.

Fee: 84.17 ($9.67 USD)

Tx: https://t.co/ZdcH110yR6#DogecoinWhaleAlert #WhaleAlert #Dogecoin #CryptoNews

— Ðogecoin Whale Alert (@DogeWhaleAlert) March 18, 2022