1.7 Million Dogecoin Shifted Anonymously for Fees Unimaginable for Banks

Dogecoin

Nearly 2 million DOGE have been shifted by anonymous wallets today

According to several recent tweets from the @DogeWhaleAlert platform which tracks the movements of large Dogecoin transactions, in the last 24 hours nearly 2 million DOGE have been transferred.

This massive amount of Dogecoin was moved in merely three transactions.

1.7 million Dogecoin in motion

The aforementioned DOGE transaction tracker spotted three stunning transfers of the biggest meme cryptocurrency, two of which carried 800,000,000 Dogecoin and one that shoveled 100,000,000 DOGE.

Each 800 million DOGE transfer is worth $57,970,400 at the present exchange rate. The 100 million lump of Dogecoin is the equivalent of $7,729,600. Thus, the total value shifted in DOGE was evaluated at $7,729,600.

Transactions were made at minimal fees that no bank past or present could beat: $0.16, $0.08, and $0.058 per transfer.

This is how much DOGE Robinhood stores as FTX wants to buy it

According to an earlier tweet by @DogeWhaleAlert, at the moment, popular investment app Robinhood holds a jaw-dropping amount of Dogecoinβ€”actually storing 40,138,384,632 meme coins. This is evaluated at $2,892,291,720 and comprises 30.25% of the total circulating supply of the cryptocurrency.

As reported by U.Today earlier, crypto trading giant FTX is reportedly considering buying Robinhood. The report on this data was published by Bloomberg. Shares of the platform, HOOD, soared more than 18% on the news.

This rumor, however, was rejected by FTX later.

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