Whale Alert detects two significant Dogecoin transactions totaling 800 million DOGE from Robinhood to an anonymous wallet, indicating increased whale activity.
Points
- Whale Alert detects two 400 million DOGE transactions within one hour.
- Transactions were made from Robinhood to the same anonymous wallet.
- Robinhood also moved additional DOGE internally.
- Increased whale activity indicates significant interest in DOGE.
Prominent crypto wallet tracking platform Whale Alert has detected two substantial Dogecoin （DOGE） transactions, each carrying 400 million DOGE, with a total value exceeding $50 million. These transactions, made within an hour of each other, were conducted from the popular investment platform Robinhood to the same anonymous wallet ending in -Mzs1pMke.
Aside from these enormous DOGE movements, Robinhood also transferred 128,775,727 DOGE and 2,069,990 DOGE to its internal blockchain addresses. The whale that withdrew the 800 million DOGE now holds a total of 31,777,003,
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228 DOGE, valued at over $4 billion according to the Blockchair explorer. Earlier in the month, this whale also received an incoming transfer of 369,999,432 DOGE and made a withdrawal of 369,999,853 DOGE on the same day.
The recent surge in whale activity comes amid a notable purchase of 60 million DOGE by whales within a 24-hour period, as announced by crypto analyst and trader Ali Martinez. This increase in large transactions suggests a growing interest and confidence in Dogecoin among major investors.
Furthermore, Robinhood experienced a massive withdrawal of 2.7 trillion Shiba Inu （SHIB） tokens, valued at approximately $48.3 million. This transaction was an internal transfer to another Robinhood wallet, showcasing the platform’s significant holdings in popular meme cryptocurrencies.
解説
- The detection of two major DOGE transactions totaling 800 million DOGE within an hour indicates significant whale activity and interest in Dogecoin.
- Robinhood’s internal transfers of DOGE and SHIB highlight its substantial holdings and the movement of large amounts of meme cryptocurrencies within the platform.
- The increasing whale activity suggests confidence in Dogecoin’s potential, with major investors making significant purchases and transfers.
- The massive withdrawal of SHIB tokens further emphasizes the popularity and demand for meme cryptocurrencies among large holders.
- These transactions could potentially impact DOGE’s market dynamics, influencing its price and market sentiment as large holders accumulate and move significant amounts of the token.