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$5.8 Billion in DOGE Held by Robinhood App as It Moves 48 Million Dogecoin

Fri, 04/01/2022 - 16:18
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Yuri Molchan
Popular trading app continues to hold stable amount of DOGE for its customers as they hold their meme coins tight
$5.8 Billion in DOGE Held by Robinhood App as It Moves 48 Million Dogecoin
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Twitter account @DogeWhaleAlert has spread the word that Robinhood investment platform (which offers both stocks and crypto to customers) now holds a total of $5,883,808,025 worth of the most popular meme cryptocurrency, Dogecoin, which is also favored by Tesla boss Elon Musk.

This amount of DOGE is 31.42% of the Dogecoin supply circulating out there. That is 41,687,447,478 coins. This figure has remained stable since the start of March, showing that Dogecoin investors on Robinhood are holding tightly onto their meme coins.

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The investment app holds this crypto using two wallets—3334959 and 1699275—with eight addresses tied to them.

Apart from that, @DogeWhaleAlert has reported that Robinhood has moved 48,086,697 Dogecoins worth $6,676,165 to an anonymous address.

Earlier today, Messari data agency announced that Dogecoin has seen a massive rise of its hashrate to a new all-time high, along with the mining difficulty of the meme coin.

This is happening despite the fact that the DOGE price is down 81.6% from its historic peak of $0.7376 reached on May 8 last year. Besides, since the start of 2022, Dogecoin has dropped approximately 30%, even though it managed to stage a brief 20% recovery in March.

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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