Whale Alert, a well-known blockchain surveillance service that keeps track of significant cryptocurrency transfers between wallets, has discovered two huge DOGE transactions that included the well-known trading software Robinhood.
Hundreds of millions of DOGE getting moved
According to information provided by Whale Alert, a mysterious whale transferred a staggering 253,419,377 DOGE, equal to $16 million, from Robinhood to an unidentified wallet. The second transaction transferred 84.8 million DOGE, or the equivalent of $5.3 million, to Robinhood. Nearly 500 million DOGE were also withdrawn from Robinhood on Thursday, August 18.
The total amount of Dogecoin sent to and received from Robinhood is 338.2 million. Nearly 500 million DOGE were also withdrawn from Robinhood on Thursday, August 18.
One of the biggest DOGE holders is Robinhood, although it does so on behalf of its clients. The platform, as previously reported by U.Today, now has 38,317,905,514 DOGE valued at around $2,536,338,802. 10 wallet addresses on Robinhood hold 27.38% of all DOGE in circulation.
Shiba Inu, the second-largest meme coin, is also present in the company’s wallets in 20 trillion units. Notably, BlackRock, Ark Investment, Fidelity, and other significant businesses are among the biggest holders of Robinhood shares.
DOGE price begins to recover
The Dogecoin price started rising again on Friday, regaining 6.78% since Thursday, following an abrupt enormous drop of more than 9% that was recorded on Thursday.
The currency is now trading at $0.0637 on the Binance platform versus USDT, representing a 6.15% increase in price over the last 24 hours.
