The Robinhood trading app continues to retain a surprising quantity of Dogecoin on behalf of cryptocurrency investors working with them, according to the cryptocurrency tracking account @DogeWhaleAlert. Nonetheless, this DOGE stockpile kept in Robinhood’s wallets has somewhat decreased since the month started.
For the past 24 hours, massive DOGE whales have been quite active, scooping additional Dogecoin valued over $31 million.
Robinhood stores billions of USD in DOGE
The aforementioned tracker just tweeted that 33,562,118,520 Dogecoin, valued at $2,800,725,228 USD, are in Robinhood’s wallets. This makes up 24.14% of the entire quantity of this well-known meme coin that is in circulation.
The proportion was significantly higher in the beginning of April, at 24.17% of the DOGE supply still in existence. Due to the fact that Robinhood’s customers do not appear to be in a rush to sell their meme cryptocurrency, the amount of Dogecoin held in Robinhood addresses is almost unchanged.
395 million Dogecoin shifted by top 20 addresses
In addition, the aforementioned DOGE tracker discovered a number of transactions that contained enormous amounts of Dogecoin meme tokens.
Most of them involved the involvement of the top 20 wallets. Between them, pieces totaling 159,347,709 DOGE, 92,011,880 DOGE, and 52,463,876 DOGE were transferred. These three together account for $24 million in DOGE.
According to @DogeWhaleAlert, the fourth transaction had 91,112,696 DOGE, which was sent from many wallets to an unidentified address. It had a value of $7,298,674.
According to information provided by CoinMarketCap, Dogecoin is currently trading at $0.07913, down 5.23% from last Friday and 12% for the previous week.
