According to data provided by prominent cryptocurrency tracker Whale Alert, a transaction of a large amount of Dogecoin was made to the Robinhood trading platform.
According to data provided by prominent cryptocurrency tracker Whale Alert, a transaction of a large amount of Dogecoin was made to the Robinhood trading platform.
More than 1 billion Dogecoin were traded. These transfers came after Dogecoin regained its top ten position on CoinMarketCap.
681 million DOGE on the move
Data shared by the aforementioned source says that an anonymous whale made around half a dozen transactions that generated a whopping 1,081,987,848 DOGE in total. Of this amount, 400 million were sent to the popular brokerage firm Robinhood. This is the equivalent of $34,372,214 in fiat money.
These transfers came as the largest meme cryptocurrency by the size of its market capitalization value, Dogecoin, returned to the list of the top ten crypto assets on the CoinMarketCap scale and the DOGE price soared more than 8.6% in 24 hours.
By now, DOGE has pulled back a bit, trading at the $0.0863 level at the time of writing.
DOGE price after Bitcoin surge
Last year in December marked ten years since the launch of Dogecoin, and earlier this week marked the 14th anniversary of the day photos of the Shiba Inu dog (he’s called Kabosu) were first uploaded to Facebook in 2010. and inspired multiple memes and then, finally, the creation of Dogecoin.
Dogecoin’s recent rise followed the impressive rise of Bitcoin, the iconic cryptocurrency that was parodied by Dogecoin’s creators in 2013. Bitcoin has soared 8% since Tuesday as Bitcoin spot ETF makers continued to absorb BTC at a fast pace. Just the other day, BlackRock’s IBIT ETF surpassed the $5 billion inflows level, registering an increase from the $3 billion mark surpassed shortly before.
Currently, according to multiple experts, Bitcoin ETFs are accumulating 12 times the amount of Bitcoin generated per day (900 BTC). After the April halving, the amount of BTC produced daily will be reduced to 450 and the ETFs will continue their accumulation.
Investor and entrepreneur Marc van der Chijs believes that at this rate of Bitcoin accumulation, the leading cryptocurrency can regain its previous all-time high of $69,000 even before the halving hits. What’s more, he hopes Bitcoin will reach $100,000 within the next 2-3 months thanks to that.
