A recent tweet posted by popular cryptocurrency tracking platform Whale Alert shared the details of a large transaction made in Dogecoin, the original meme-inspired digital currency, from the popular Robinhood mall.
A recent tweet posted by popular cryptocurrency tracking platform Whale Alert shared the details of a large transaction made in Dogecoin, the original meme-inspired digital currency, from the popular Robinhood mall.
The transaction occurred while DOGE demonstrated a drop of 5.84% over the last 24 hours. At the time of writing, Dogecoin is trading at $0.0848 on the Binance exchange.
Whale takes cheaper DOGE on Robinhood
The Dogecoin transfer discovered by the aforementioned blockchain detective contained a total of 88,258,144 DOGE worth $7,474,518, as the whale likely purchased this gigantic amount of meme coins on Robinhood and then presumably withdrew them to a storage wallet in cold.
However, details shared by Whale Alert showed that there were in fact two transactions: one contained the 88,258,144 DOGE mentioned above and the second contained almost three times as much as the first. 220.709.018 DUCOS. However, the second transfer was made between internal Robinhood blockchain addresses. The largest transfer was valued at $18,516,700 at the time it was made.
Elon Musk will launch payments on X, will Dogecoin be involved?
As Guru-Investingreported, earlier this week an official blog for Platform for all”.
Many within the cryptocurrency community still hold out hope that Elon Musk will implement his favorite cryptocurrency, Dogecoin, as a means of payment on X/Twitter. Musk, however, has not made any statement on the matter; However, he several times publicly emphasized that X does not plan to launch his own cryptocurrency.
In a podcast published on Thursday, Musk reaffirmed his support for Dogecoin and stated that he has not sold any of his DOGE.
Last year, Musk added several improvements to the X app to expand the tools content creators can use: long-form posts and live video streams. Additionally, there are two options to monetize your work. They can offer their followers to subscribe for a small monthly fee that is automatically debited from their cards or activate the Monetization feature, which will allow popular bloggers to get a share of the advertising revenue earned by X.
