Based on information from the Whale Alert account on Twitter, there was a significant transfer of Dogecoin recorded within the last 24 hours. Approximately hundreds of millions of DOGE were moved to a well-known exchange, coinciding with a noticeable drop in Dogecoin‘s price.
The Dogecoin community took notice of this transaction and reacted with passionate comments.
245 million Dogecoin on the move, price makes sharp drop
Around 12 hours ago, a hidden large investor transferred an astonishing 245 billion DOGE to Robinhood, a well-known trading platform. The value of this transaction in DOGE coins was around $49.6 million at the time.
This massive deal occurred concurrently with a significant drop in DOGE‘s price; the well-known meme coin fell by nearly 8% within the last 24 hours. However, this decline has been partially offset by a 2.02% recovery. At present, the original crypto based on a dog theme is being traded at $0.1964, having given up the $0.2084 mark the previous day.
Robinhood is largest DOGE holder
A prominent figure in the Dogecoin community named Mishaboar on X/Twitter has disclosed the largest known Dogecoin hoarder to date in a recent tweet. In this post, Mishaboar accused Changpeng Zhao, the ex-CEO of Binance, and popular crypto YouTubers of spreading unfounded rumors that approximately 30% of all Dogecoin is being controlled by a single cryptocurrency magnate. CZ made this declaration while he was still leading Binance in the year 2021.
Mishaboar highlighted that experienced cryptocurrency users could tell this digital wallet wasn’t personally owned by an individual, but rather, it was a cold storage wallet for a crypto exchange. He emphasized that several CEOs had been spreading misinformation by repeatedly mentioning the “DOGE whale” hoax.
The aforementioned user emphasized that the actual owner of that biggest Dogecoin holding was finally identified, and it belongs to none other than the Robinhood exchange. The platform held it on behalf of its users. Some speculations even pointed to DOGE‘s biggest fan, Elon Musk, as the “mysterious wealthy DOGE whale.” Mishaboar offered a crucial reminder of how important it is to do one’s own research every time one deals with the crypto space.
Read More
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- USD ZAR PREDICTION
- CKB PREDICTION. CKB cryptocurrency
- VANRY PREDICTION. VANRY cryptocurrency
- SEILOR PREDICTION. SEILOR cryptocurrency
- USD CLP PREDICTION
- Best JRPGs That Focus On Monster Hunting
- COW PREDICTION. COW cryptocurrency
2024-04-09 13:59