290 Million DOGE Stun Robinhood Ahead of Predicted Parabolic Run

Dogecoin Witness Massive Transfer to Robinhood

According to Whale Alert, an esteemed blockchain tracker, an extraordinary Dogecoin transaction occurred less than an hour ago. A substantial deposit of 290 million DOGE was transferred to the Robinhood investment platform.

Earlier today, a similar amount of DOGE was also transferred involving Robinhood. Whale Alert reports that collectively, nearly half a billion DOGE has been moved.

Robinhood Receives 290 Million DOGE

Whale Alert announced a transfer of 290 million DOGE from an anonymous address to Robinhood. This amount equates to approximately $48.8 million.

Meme Coin Movement

The address associated with the transfer, -1pMke, now holds over 31 billion DOGE. On October 30th, it transferred 369.9 million DOGE to an unknown address and received 79.9 million DOGE anonymously.

Robinhood Withdrawals and Price Surge Predictions

Two other Dogecoin transfers involving Robinhood were detected earlier today. However, these were significant withdrawals of 103.069 million and 75.242 million DOGE.

Cryptocurrency trader Ali Martinez has suggested that Dogecoin may experience a parabolic surge in November, based on historical patterns. He shared a chart indicating that DOGE is poised to break out of a falling wedge pattern, typically followed by an upward trend.

Market Outlook

Currently, Dogecoin is priced at $0.16982, having lost 3.79% in the past 24 hours. Prior to this decline, DOGE saw a surge of over 35%.