Tesla CEO Elon Musk’s favorite altcoin DogecoinSome activity was detected.
on the network dogecoin following the transactions Dogecoin Whale Alert account named 218 million dollars in the morning hours 3.2 billion Dogecoins It reported that it has moved from the popular US trading platform Robinhood to the cold wallet.
looks like @RobinhoodApp just moved 3.2B $DOGE (worth about $218M USD) possibly to cold storage. 👀#dogecoin
— Ðogecoin Whale Alert (@DogeWhaleAlert) July 19, 2022
There is no clear information about the 3.2 billion DOGE withdrawn from the Robinhood platform to the cold wallet. The possibility of this being an internal transfer within the exchange is also being considered.
During the day, we watched the Dogecoin activity in Robinhood continue. While many internal and external transfers took place, 10,988,259 DOGE ($724,269) was entered into a Dogecoin wallet, which is among the Top 20 wallets.
🐕🪙🐋🚨
10,988,259 $DOGE ($724,269 USD) was transferred from multiple wallets to a #Top20 wallet.
Fee: 1.06 ($0.07 USD)
Tx: https://t.co/764AE1483b#DogecoinWhaleAlert #WhaleAlert #dogecoin #CryptoNews
— Ðogecoin Whale Alert (@DogeWhaleAlert) July 18, 2022
Again, it was reported that Robinhood sent Dogecoin worth $40 million and $67 million in two different transactions to unknown wallets.
While investors are wondering the reason for this activity, we watch that DOGE continues to be traded at $ 0.067 levels.
According to Doge Whale Alert, wallets marked as Robinhood are on behalf of investors. 40 billion DOGE‘ is held. Worth $2.7 billion, these DOGEs represent 30% of the total supply.
#Robinhood‘s 🪶 two known wallets—3334959 & 1699275—use eight known addresses. The total combined amount of #dogecoin held by RH 🪶 on behalf of its investors is:
40,138,384,330 $DOGE
$2,723,389,377 USD
30.25% of the circulating supplyhttps://t.co/iWz81VqNuc— Ðogecoin Whale Alert (@DogeWhaleAlert) July 18, 2022
*Not Investment Advice.