DOGE Price Soars 4.45% With 120 Million Dogecoin Mysteriously Sent to Robinhood
Data provided by the popular blockchain sleuth Whale Alert shows that slightly more than 10 hours ago, a hefty amount of the original meme cryptocurrency Dogecoin DOGEUSD was sent to a major trading platform Robinhood.
It coincided with the DOGE price printing a rise of almost 5%.
Mysterious whale sends DOGE to Robinhood
The aforementioned source spread the word about a staggering 120,000,000 DOGE getting transferred to the renowned investment platform Robinhood. This amount of the OG meme cryptocurrency was valued at $18,555,179 at the time of the transfer more than 10 hours ago.
🚨 120,000,000 #DOGE (18,555,179 USD) transferred from unknown wallet to #Robinhoodhttps://t.co/xojf8e81oe— Whale Alert (@whale_alert) May 17, 2024
Over the past day, this wallet has seen massive outflows of 48,279,298, 150,000,000, 118,279,297 and 190,000,006 DOGE chunks, apart from the above-mentioned 120 million. That totaled 506.4 million Dogecoin worth $71.1 million.
Aside from that, two big DOGE transfers were made to this wallet on May 16 and 17 — 118,279,297, 188,279,303 Dogecoin. That comprises 306.4 million coins evaluated at $47.5 million.
This surge in activity on this blockchain address was noticed after a week’s pause — the previous transaction was made on May 9. At the time of this writing, this mysterious cryptocurrency whale holds 1,602,284,863 DOGE, according to data provided by Blockchair. That is the equivalent of $248,626,542.
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