Advertisement
AD

Main navigation

Advertisement

DOGE Price Up, While 340 Million Dogecoin Moved From Robinhood

Advertisement
Sat, 19/08/2023 - 10:35
DOGE Price Up, While 340 Million Dogecoin Moved From Robinhood
Cover image via stock.adobe.com

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.

Read U.TODAY on
Google News
Advertisement

Prominent blockchain tracking service Whale Alert, which traces large chunks of crypto being moved between wallets, has spotted two large DOGE transfers made with the participation of the popular trading app Robinhood.

Hundreds of millions of DOGE getting moved

Per data shared by Whale Alert, an anonymous whale withdrew a whopping 253,419,377 DOGE worth $16 million from Robinhood to an unmarked wallet. The second transaction carried 84.8 million DOGE to Robinhood, and this is the equivalent of $5.3 million. On Thursday, Aug. 18, close to half a billion DOGE was also removed from Robinhood.

Overall, 338.2 million Dogecoin has been transferred to and from Robinhood.

Advertisement

Robinhood is one of the largest DOGE holders, but it stores Dogecoin on behalf of its customers. As reported by U.Today earlier, the platform holds 38,317,905,514 DOGE evaluated at approximately $2,536,338,802. This is 27.38% of all DOGE in circulation held in 10 wallet addresses on Robinhood.

The company's wallets also hold 20 trillion of the second largest meme coin Shiba Inu. Notably, among the largest Robinhood share owners is BlackRock, Ark Investment, Fidelity and other major companies.

Related

DOGE price begins to recover

After a sudden tremendous fall by more than 9% registered on Thursday, the Dogecoin price started going up again, recovering 6.78% since Thursday.

Over the past 24 hours, the price has been 6.15% up, and the coin is now trading at $0.0637 on the Binance exchange against USDT.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD