A well-known Twitter account that monitors cryptocurrencies, X Whale Alert, recently announced an astonishing transfer of a large quantity of a popular meme coin to the Robinhood exchange.
Hundreds of millions of Dogecoins (DOGE) were part of that massive transaction. This significant exchange occurred as the DOGE price was putting in great effort to surge above its current level.
300 million Dogecoin land on Robinhood
Approximately 300 million DOGE coins were transferred anonymously from one wallet to Robinhood, as reported by Whale Alert. This platform notifies users about significant crypto transactions, and Robinhood is a popular trading platform where people can buy and sell both cryptocurrencies and traditional stocks.
Approximately $47.9 million worth of meme coins was represented by the mentioned figure. However, according to the given data, a greater quantity of DOGE – specifically 300 million – went to Robinhood. Furthermore, 129.7 million DOGE were transferred to an unidentified wallet, now containing over 1.7 billion Dogecoins.
Before the DOGE transfer took place, there was an astonishing deal involving another widely-used meme crypto, Shiba Inu, which currently holds the second largest market value after DOGE.
Trillions of SHIB moved to Robinhood as well
Approximately 3 trillion Shiba Inu tokens, equivalent to around $79 million in USD, were transferred anonymously between two wallets, according to Whale Alert. Etherscan identified the receiving address as linked to Robinhood, similar to the Dogecoin transfer previously reported.
According to U.Today’s latest news, an unidentified whale recently bought an enormous amount of meme coins, specifically 237.8 billion Shiba Inu tokens, worth approximately $6.29 million, and transferred them to a cold wallet. This transaction took place shortly following the announcement made by the Shiba Inu community leader, Shytoshi Kusama, and his team about securing $12 million from notable investors for developing a Layer-3 solution on Shibarium. The upcoming L3 blockchain will prioritize enhanced privacy and security features for transactions and user data.
Dogecoin price attempts to break out
In the meantime, DOGE, the initial meme cryptocurrency, has been making efforts to rebound and surge ahead. Within the last 24 hours, this Bitcoin look-alike inspired by memes has seen a growth of 4.23%.
Despite a minor drop, the meme cryptocurrency has remained between $0.1624 and continued to trade in this range since last Sunday. At present, this is the price at which it is being exchanged.
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2024-04-24 10:42