Well over half a billion DOGE have been sent to Robinhood for a crazy tiny fee as 119 million Dogecoin were shifted by anonymous wallets
@DogeWhaleAlert tweeted that in the last 24 hours over half a billion Dogecoins have been transferred between anonymous whales and investment app Robinhood. A total of 792 million DOGE were sent.
Fees charged for these transactions were so tiny that no bank in the world could offer them.
593.5 million Dogecoin transferred to Robinhood
A DOGE big trade tracker, @DogeWhaleAlert, spotted several big DOGE chunks being moved to popular trading app Robinhood. Meanwhile, many more small DOGE transfers have been noticed moving between anonymous crypto addresses.
The two biggest DOGE chunks transferred to the Robinhood platform today contained 250,000,000 and 188,419,761 meme tokens worth $32,816,750 and $24,673,002, respectively, for tiny fees of $0.26 and $0.16. These fees for such large amounts of funds easily outstrip any bank, centralized payment platform or financial institute in the world.
The first of the two transactions was made from multiple wallets. The second was made from an anonymous address.
Aside from that, smaller chunks of 22 million, 30 million and 155 million coins were also sent to Robinhood.
Beyond that, 129,339,856 Dogecoins were moved between anonymous digital wallets. The fees were also incomparable to what banks usually charge – $0.99 in DOGE.
As of now, Robinhood holds a total of 40,438,445,406 DOGE for its customers—30.48% of the coin’s circulating supply. This amount of the biggest meme crypto is worth $5,278,066,333.
2.69 million DOGE sent without internet
As reported by U.Today, a single transfer of 2.69 million Dogecoins was made yesterday, May 2, the equivalent of $357,926.
This was the second transaction of the original meme cryptocurrency made without the use of the internet. It was conducted via RadioDoge. The first transaction ever of its kind was made in April as an experiment. The transfer fee for it was even lower than the ones mentioned above: 0.00226 DOGE.
RadioDoge uses cheap radio technology (HF/LoRaWAN) combined with Elon Musk’s Starlink satellite network that provides internet connection to remote corners of the world not covered by regular internet connection.
