More than 103 million DOGE have been moved by a Dogecoin whale from the well-known trading platform Robinhood. This follows a notable price increase for the leading meme currency.
A month of notable transactions
For Dogecoin, November has been a busy month with a number of notable transactions. A tool called Whale Alert that monitors big cryptocurrency transfers revealed a number of noteworthy Dogecoin transfers.
A transfer of 690 million DOGE, or around $50.3 million, took place between unidentified wallets on November 15.
In a same vein, 140.6 million DOGE were transferred from Robinhood to an anonymous wallet on November 13.
Along with a significant transfer of 250 million DOGE to Robinhood on November 7, earlier in the month, transactions of 75.3 million and 73.6 million DOGE from and to Robinhood were recorded.
Dogecoin’s market performance
Leading cryptocurrency data aggregator CoinGecko reports that Dogecoin is currently trading at $0.076853, with a 24-hour range of $0.074809 to $0.082678.
With a 24-hour trading volume of more than $1.73 billion, Dogecoin’s market value hit almost $10.94 billion.
The revelation that a real Dogecoin token will be launched to the moon in December is one of the factors contributing to the recent spike in the price and activity of the cryptocurrency.
The space cargo transporter Astrobotic undertook this ambitious endeavour, which has raised expectations among investors and Dogecoin aficionados.