800 Million DOGE in 1 Hour — What's Happening?

Prominent Crypto Whale Activity on Robinhood

Dogecoin (DOGE) Transactions:

• Two massive transactions detected, each carrying 400 million DOGE (valued at over $50 million).
• Both transfers occurred within a one-hour timeframe from the popular investment platform Robinhood.
• The funds were sent to an anonymous wallet ending in -Mzs1pMke.
• One wallet now holds a staggering 31,777,003,228 DOGE, worth approximately $4 billion.

Shiba Inu (SHIB) Transaction:

• Before the DOGE transactions, Robinhood witnessed a large SHIB withdrawal.
• A total of 2,700,000,000,000 SHIB, equivalent to $48.3 million, was transferred.
• Data indicates that the transaction was internal, with the funds moving to another Robinhood wallet ending in -418e489.

Whale Activity:

• Crypto analyst Ali Martinez reported whale purchases of 60 million DOGE within 24 hours this week.

SHIB Price Impact:

• The SHIB price dropped significantly this week due to a security breach on WazirX, resulting in the theft of 5.43 trillion SHIB, which was sold on the market.