A Dogecoin whale has transferred over 103 million DOGE from the popular Robinhood trading platform. This comes after the top meme coin saw a significant price surge.
A month of notable transactions
November has been a busy month for Dogecoin, with several major transactions recorded. Whale Alert, a service that tracks large cryptocurrency transactions, reported several large transfers related to Dogecoin.
On November 15, a transfer of 690 million DOGE (worth approximately $50.3 million) occurred between unknown wallets.
Similarly, on November 13, 140.6 million DOGE was moved from Robinhood to an unidentified wallet.
At the beginning of the month, transactions of 75.3 million and 73.6 million DOGE were observed to and from Robinhood, along with a massive transfer of 250 million DOGE to Robinhood on November 7.
Dogecoin Market Performance
According to CoinGecko, a leading cryptocurrency data aggregator, the price of Dogecoin stands at $0.076853, with a 24-hour trading range between $0.074809 and $0.082678.
Dogecoin’s market capitalization reached approximately $10.94 billion, with a 24-hour trading volume of over $1.73 billion.
This rally in Dogecoin price and market activity is partly attributed to the news that a physical Dogecoin token is planned to be sent to the moon in December.
This ambitious project, carried out by space payload transporter Astrobotic, has stoked anticipation among Dogecoin enthusiasts and investors.
