Whale Alert recently made a $300 million deposit to Robinhood, equivalent to $18.25 million. dogecoin (DOGE) reported a huge transfer of .
The transaction took place on October 4. The sender paid a relatively modest fee of only $0.21. This development follows Robinhood’s recent cryptocurrency It came after the unit expanded its services.
Robinhood Expands Crypto Services
robinhoodannounced an improvement to its cryptocurrency wallet offerings in August. It expanded support for Bitcoin and DOGE at the end of August. This development is in response to increasing demands from the user base looking for diversity in the assets available on the platform.
The zero-fee trading app first added support for DOGE in 2018 before adding a number of new coins in 2022.
meme coin It currently ranks 10th in the crypto market. Additionally, DOGE is trading at $0.061 following a 1.5% increase. This shows that the large transfer did not have a noticeable impact on the Dogecoin price.
Over a 24-hour period, the trading range fluctuated between $0.060465 and $0.062099. Dogecoin’s market cap is roughly $8.63 billion and its 24-hour trading volume is approximately $224 million.