Mind-blowing amount of Dogecoin transferred to Robinhood, according to report
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
A recent report by major cryptocurrency tracking service Whale Alert shows that within the last 24 hours, a gargantuan amount ofAlmost two billion DOGE have been transferred by anonymous whales engaged with this investment app.The aforementioned blockchain sleuth has detected half a dozen mammoth-sized cryptocurrency transactions that moved tens and hundreds of millions of Dogecoin each over the past 24 hours.Overall, a whopping 1.87 billion DOGE meme coins have been moved.
Among the withdrawals, the largest crypto chunk contained 250,865,164 DOGE worth $45,777,632, and the smallest one carried 60,434,365 Dogecoin evaluated at $11,003,377. As for deposits, unknown whales transferred 200,000,000, 220,000,000 and 230,000,000 DOGE to Robinhood. by its market capitalization size and has taken eighth place on the CoinMarketCap scale, ahead of Cardano. DOGE's market cap currently equals $26,528,729,566, versus $24,083,566,755 boasted by Cardano’s native coin, ADA.
This is not the first time it has happened this year, though. Earlier this March, DOGE already outpaced ADA by this metric.The largest meme cryptocurrency by market cap, Dogecoin, has demonstrated an impressive price surge since Monday as it has increased byOverall, within the past seven days, DOGE has staged an overwhelming rise, spiking by 43.86%. This increase was spurred by Elon Musk’s X platform securing several more state licenses for processing payments in the U.S.
This has increased the anticipation of the DOGE community that perhaps Musk will finally integrate Dogecoin payments on X in accordance with his statements prior to his purchase of Twitter. Tech tycoon Musk once acknowledged that he believes DOGE is much better suited for micropayments than Bitcoin.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Over 150 Million Dogecoin (DOGE) Transferred to RobinhoodDogecoin community speculates on reason behind this mega transaction on Robinhood
Read more »
Cathie Wood’s ARK dumps $31M in Robinhood stock, stacks RobloxCathie Wood’s ARK Invest dumped 1.6 million Robinhood shares on March 25, netting $31.5 million.
Read more »
118.4 Million DOGE Sent to Robinhood, Community Makes Wildest GuessTremendous amount of Dogecoin deposited to Robinhood from anonymous wallet, here's community's guess
Read more »
South suburban homeowners say property tax assessments raised up to 650%: 'I will probably move'The ABC7 I-Team team has been looking into extraordinary increases in property tax assessments in southern Cook County, leaving home owners panicked that they won't be able to afford to stay in their houses.
Read more »
CBI scientist altered, deleted data in DNA tests in at least 650 cases, internal investigation findsInvestigators found Yvonne “Missy” Woods omitted relevant facts from criminal justice records and tampered with DNA testing by omitting some results, the agency said in announcing the r…
Read more »
Whale Suddenly Unloads 86 Million DOGE, Sending Dogecoin Price into FreefallAnonymous whale's abrupt sale of 86 million DOGE, valued at $14.12 million, to Robinhood sends Dogecoin's price spiraling downward
Read more »