“Cryptocurrency news: Robinhood controls one-fourth of current circulating supply”

The Robinhood wallet is now holding 24.19% of Dogecoin’s circulating supply, which is equivalent to $2.5 billion. There has been an increase in Dogecoin whale activity in the past 24 hours, with two transactions worth approximately $5.5 million moving between anonymous wallet addresses. Elon Musk has asked for the dismissal of the lawsuit against him where investors accused him of operating a pyramid scheme to promote Dogecoin. The lawsuit’s outcome and its impact on Musk’s involvement with Dogecoin remains to be seen. Despite this, the cryptocurrency has experienced a 6.64% increase in value over the past 24 hours, and its market capitalization has also risen by 7.30%. This is a welcome development for Dogecoin investors who have been following its price closely in recent weeks.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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