A $6.39 million transaction involving 71.2 million Dogecoin (DOGE) was conducted from an unidentified wallet to the trading site Robinhood, as reported by Whale Alert, a service that tracks significant cryptocurrency transfers. This occurs at the same time as the main meme coin’s price is drastically declining.
Recent DOGE transitions
In the Dogecoin world, the most recent shift to Robinhood is not an uncommon incident. A study of recent activity reveals a trend of significant moves.
A transaction of 367 million DOGE ($33.63 million) between unidentified wallets happened just hours ago.
A significant movement of about $1 billion in DOGE (91.20 million) from Binance to an unidentified wallet was also noticed.
In addition to these transactions, there have been other noteworthy transfers, such as the 112 million DOGE ($10.44 million) that left Robinhood and the approximately 64 million DOGE ($5.87 million) that went to Coinbase.
Dogecoin’s price performance
Notable market analyst Jake Wujastyk recently revealed his thoughts on the price chart of Dogecoin, calling it one of his “favorite-looking setups.” The meme coin isn’t succeeding in defying the overall negative trend, either.
After falling 4.3% during the previous day, the price of DOGE is now $0.090240. It has been trading between $0.089256 and $0.094891.
With $703.83 million in trade activity, Dogecoin has a market value of $12.85 billion.
