Millions of Dogecoins Transferred with Involvement of Robinhood

A Dogecoin transaction worth $3.2m involving 52 million DOGE tokens and a DOGE richlist wallet took place, with a fee of only $0.47 being incurred on the transfer. Around the same time, Robinhood, currently the second-largest holder of DOGE, received and transferred 204.977 million and 189.073 million DOGE tokens respectively, worth approximately $12.62m and $11.649m cumulatively. Data from BitInfoCharts shows that Robinhood’s wallet currently holds 10.79 billion DOGE tokens, representing 7.72% of the supply. DOGE has been creating new local lows since mid-April but has been maintaining its downtrend line as support and was trading at $0.061 at press time. Its price is below most critical averages and equivalent to levels last registered in March 2021.

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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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