Mystery Wallet Gets $5.86 Million Dogecoin From Robinhood

Mystery Wallet Gets $5.86 Million Dogecoin From Robinhood

A whopping 72.2 million Dogecoin (DOGE) was raised, equivalent to approximately $5.86 million. transferred from Robinhood to an unknown wallet. This is one of the massive transfers that have taken place over the last month.

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A whopping 72.2 million Dogecoin (DOGE) was raised, equivalent to approximately $5.86 million. transferred from Robinhood to an unknown wallet. This is one of the massive transfers that have taken place over the last month.

In particular, the movements of whales.

The last 24 hours have seen other substantial Dogecoin transactions, including a transfer of 100 million DOGE (worth $8.27 million) and 150 million DOGE (valued at $12.4 million) from Robinhood to unknown wallets.

These transactions are part of a broader pattern of Dogecoin movements seen over the past month.

In particular, there was a transfer of 150 million DOGE ($12.22 million) from an unknown wallet to Robinhood on February 10, and a transfer of 63.7 million DOGE ($5.2 million) from Bittrex to an unknown wallet on February 9.

Additionally, earlier this month, 100 million DOGE ($7.83 million) and 103.3 million DOGE ($7.91 million) were transferred to Robinhood from unidentified wallets.

The dynamics of the Dogecoin market

Despite the large transfers, Dogecoin price has shown resilience and stability. DOGE, currently ranked 11th by market capitalization, is trading at $0.08098, up 1.4% in the last 24 hours.

Dogecoin’s 24-hour trading volume amounts to $510.1 million. These figures show a strong market presence and investor confidence in Dogecoin despite the inherent volatility of the market and recent large-scale transactions.

However, as Guru-Investingreported, the OG meme coin is no longer among the top 10 largest cryptocurrencies by market capitalization.

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