A significant amount of Dogecoin has been transferred from an unidentified wallet to a well-known trading platform. The transfer, highlighted by a popular cryptocurrency tracking account on Twitter, reveals a staggering sum of the leading meme coin being sent to the Robinhood exchange.
Among the transferred assets were hundreds of millions of Dogecoin (DOGE). This substantial transaction occurred as the price of DOGE has been striving to make a breakthrough.
Massive Dogecoin Transfer to Robinhood
Whale Alert, a prominent cryptocurrency tracking platform, brought attention to a substantial transfer of 300,000,000 DOGE from an anonymous wallet to the trading platform Robinhood. Robinhood, known for offering its customers access to both cryptocurrencies and traditional stocks, received this significant amount of meme coins, valued at approximately $47,921,394.
However, the data shared by Whale Alert revealed that the actual volume of DOGE transferred was even higher. Alongside the 300,000,000 DOGE sent to Robinhood, an additional 129,693,892 DOGE were transacted to another anonymous wallet. This wallet now holds a staggering 1,733,699,458 Dogecoin.
This transfer of DOGE comes after a remarkable transaction involving another popular meme cryptocurrency, Shiba Inu, which is the second largest in terms of market capitalization after DOGE.
Whale Alert Uncovers Massive SHIB Transfer to Robinhood
A major cryptocurrency tracking platform, Whale Alert, recently spotted a massive transfer of 3 trillion SHIB tokens, worth about $79.9 million, between anonymous wallets. The recipient wallet was linked to the popular trading platform Robinhood, similar to a previous Dogecoin transfer.
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In another significant move, an unknown investor bought a huge amount of meme coins—237.8 billion Shiba Inu tokens, valued at $6.3 million. This purchase coincided with an announcement from Shytoshi Kusama, the lead of SHIB, and the SHIB team. They revealed raising $12 million from trusted investors to develop a new Layer-3 solution on Shibarium, aiming to boost transaction and user data security in the SHIB ecosystem.
Dogecoin Struggles Amid Recovery Attempts
In recent updates, Dogecoin (DOGE), the first meme-based digital currency, has been trying to bounce back and make a breakthrough. In the last day, DOGE increased by 4.23%, showing some strength in the market.
But even with this improvement, DOGE later saw a small drop. Overall, the meme coin has stayed within the $0.1624 price range since Sunday. At the moment, DOGE is still trading at this price, suggesting it’s facing ongoing struggles with its value.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.gec
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