118.4M DOGE Sent to Robinhood, Community Makes Wildest Guess

118.4M DOGE Sent to Robinhood, Community Makes Wildest Guess

Renowned cryptocurrency tracking platform Whale Alert, which tracks large crypto transactions and shares their details on social media app Robin Hood.


Renowned cryptocurrency tracking platform Whale Alert, which tracks large crypto transactions and shares their details on social media app Robin Hood.

On Friday, a slightly smaller amount of DOGE was moved to the same platform, according to the aforementioned tracker, making approximately 200 million DOGE sent to Robinhood in the last two days.

Elon Musk’s Explosive Meme X Post Triggers Huge PEPE Price Surge

200 million DOGE deposited in Robinhood, suspects Elon Musk

Tweets posted by the tracker show two massive amounts of cryptocurrencies that were transferred by anonymous digital wallet owners to the Robinhood brokerage platform in the last 48 hours: 118,402,438 DOGE valued at $19,752,398 and 86,000,000 DOGE worth of $14,123,854. Thus, over $33.8 million worth of the original meme cryptocurrency has been moved to Robinhood with the likely goal of selling those meme coins.

In the comment thread about the latest transfer, users began making guesses about who could have initiated those transactions. Two X users named Dogecoin’s biggest fan, Elon Musk, jokingly assuming that he could be the one who transferred those funds to the trading platform.

Elon Musk Teases Possible DOGE Payments for Tesla

In a notable development, this week, during his speech at the Tesla Giga Event in Berlin, centibillionaire and Tesla CEO (and owner of X), Elon Musk, was asked if Tesla plans to implement DOGE payments for its electric cars.

“New gold”: Dogecoin founder responds to Elon Musk’s tweet, hinting at Bitcoin

Musk revealed that they will likely do that at some point in the future. He again reminded the community that he believes DOGE is the people’s currency, as many average Tesla workers often ask Musk to support Dogecoin instead of BTC. Musk says that for him this is enough evidence that he should give public support to this meme cryptocurrency. Bitcoin, he said, is owned by rich people, while DOGE is still affordable for average workers.

That statement from Musk caused a huge Dogecoin surge of almost 17%, which occurred between Wednesday and Thursday. However, a major drop followed, as usually happens when Musk pumps DOGE, and now the price of the meme coin has fallen by 15%, trading at $0.1621.

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