300 Million Dogecoin (DOGE) Moved To Robinhood As Price Swells

Name	Symbol	Market	Market Cap ($)	Algorithm
Dogecoin	DOGEUSD	Crypto	19,329,826,745	Scrypt

Name

Symbol

Market

Market Cap ($)

Algorithm

Dogecoin

DOGEUSD

Crypto

19,329,826,745

Scrypt

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00083	0.62%	0.13504	0.13497	0.135

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00083

0.62%

0.13504

0.13497

0.135

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.13591	0.13288	0.13383	0.13421	0.055786 - 0.228990

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.13591

0.13288

0.13383

0.13421

0.055786 - 0.228990

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:45:35	2,554.00	0.13502	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

12:45:35

2,554.00

0.13502

USD

Price x Volume	Volume	Base Symbol	Related Pairs
9,836,996.14	73,310,103.90	DOGE	DOGEEUR	DOGEGBP	DOGEBTC

Price x Volume

Volume

Base Symbol

Related Pairs

9,836,996.14

73,310,103.90

300 Million Dogecoin (DOGE) Moved To Robinhood As Price Swells

01/12/2023 5:00pm

NEWSBTC

The Meme-based cryptocurrency Dogecoin (DOGE) has recently experienced a significant increase in whale transactions during an improvement in the crypto asset’s price. 300 Million Dogecoin (DOGE) Dumped In Crypto Exchange Data from the on-chain crypto tracker Whale Alert recently revealed that a massive amount of Dogecoin (DOGE) was transferred to Robinhood. This whale transaction has attracted the interest of traders and investors in the larger cryptocurrency space. Related Reading: Dogecoin Sees Highest Transactions Count Ever Due DRC20 Madness According to the crypto tracker, the transfer was orchestrated by an unknown wallet address earlier today. The wallet address identified as DDuXG.ruc1wwKF sent about 300 million DOGE to the cryptocurrency trading platform Robinhood. The post read: 300,000,000 #DOGE (25,033,123 USD) transferred from unknown wallet to #Robinhood. With the current price of Dogecoin, the whale transaction is valued at approximately $25 million. The whale moved the substantial Dogecoin haul to Robinhood for a comparatively low network cost of just $0.18. This is most likely by taking advantage of times when fees and congestion were low. The transfer of DOGE to Robinhood suggests that the whale is looking to sell the tokens, igniting speculation in the larger cryptocurrency market. However, it seems that the meme-based cryptocurrency’s price increase runs counter to the tokens being dumped on exchanges. Currently, the price of DOGE is sitting at $0.0839, indicating an over 2% increase in price in the past 24 hours. Meanwhile, its market capitalization is also reflecting the same percentage rise at $11.9 billion, according to CoinMarketCap. A similar whale transaction was also flagged by the on-chain tracker recently. In October, a similar transaction of 300 million DOGE tokens occurred thrice, while last month also saw a similar transaction twice. Related Reading: Is Dogecoin About To Reverse? Key Factors To Watch Large-scale individual transactions usually come with the danger of crashes due to fast liquidations or market manipulation. However, there is no solid evidence that the whale transaction had any impact on the token’s price. The Crypto Asset’s Holders Increases Significantly Dogecoin has shown a significant uptick in its total number of holders lately. Analytics firm IntoTheBlock revealed that the total number of addresses holding a balance exceeded 5 million this week, and reached a high of 5.02 million on November 27. A major factor contributing to the rise in new Dogecoin addresses is the cryptocurrency’s increasing adoption and interest. The on-chain analytics firm also revealed that the numbers have been increasing gradually since the start of the year. “This recent activity is most likely driven by Dogecoin “Doginals”, which don’t require a significant on-chain balance of $DOGE,” IntoTheBlock said. DOGE trading at $0.0833 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image by iStock, chart by Tradingview.com

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DOGEUSD Dogecoin