1.049 Billion Dogecoin Shifted by Robinhood and Anon Whales Over Past Day

Dogecoin

Over a dozen crypto transactions, carrying huge chunks of Dogecoin, have been detected in the past 24 hours

@DogeWhaleAlert Twitter account, which tracks large and extra-large Dogecoin transactions, has spotted 15 transfers carrying a total of over one billion DOGE, a popular canine cryptocurrency.

Over a billion DOGEs on the move

Anonymous whales have moved 1.049 billion Dogecoins, according to data shared by crypto tracker DogeWhaleAlert. Out of a total of 15 transactions, several carried an enormous amount of DOGE – such as 150,000,000 (two transfers, equivalent to $ 51 million), 100,000,000 ($ 17,048,600) and 200,000,000 DOGE (of one value of $ 34,112,000).

The other transfers carried various smaller amounts – from 4,000,000 to 25 million and 50 million DOGE.

The total amount of Dogecoin transferred equals $ 176,757,691 in fiat currency. In some of the aforementioned transactions, the Robinhood trading platform acted either as the sender or the recipient of Doge.

At the moment, Robinhood holds a total of 42,514,935,864 DOGE on behalf of its investors. This is the equivalent of $7,285,316,895 and is 32.05% of the DOGE that is currently in circulation.

Dogecoin price action

Dogecoin changes hands at $ 0.1691 after falling slightly 1.38% in the past 24 hours, according to CoinMarketCap. For now, the same crypto is 77.04% below its all-time high of $ 0.7376 reached on May 8.

On Dec. 24, the most popular meme crypto surged to a high of $0.2135. However, since Dec. 29, it has been trading in the $0.17 range.

The community is hopeful that once Tesla starts accepting Dogecoin as a payment method, as promised by Elon Musk in December, the price will start to rise, hitting a new high.

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