A current report by main cryptocurrency monitoring service Whale Alert reveals that throughout the final 24 hours, a gargantuan quantity of Dogecoin has been transferred with the participation of fashionable funding platform Robinhood.
Nearly two billion DOGE have been transferred by nameless whales engaged with this funding app.
1.87 billion DOGE moved to and from Robinhood
The aforementioned blockchain sleuth has detected half a dozen mammoth-sized cryptocurrency transactions that moved tens and a whole bunch of hundreds of thousands of Dogecoin every over the previous 24 hours.
🚨 🚨 250,865,164 #DOGE (45,777,632 USD) transferred from #Robinhood to unknown wallethttps://t.co/y0XPAyb4wi— Whale Alert (@whale_alert) March 25, 2024
Total, a whopping 1.87 billion DOGE meme cash have been moved. Roughly half of them have been withdrawn from Robinhood by nameless cryptocurrency whales, and about the identical quantity was deposited to Robinhood after these withdrawals.
Among the many withdrawals, the biggest crypto chunk contained 250,865,164 DOGE value $45,777,632, and the smallest one carried 60,434,365 Dogecoin evaluated at $11,003,377. As for deposits, unknown whales transferred 200,000,000, 220,000,000 and 230,000,000 DOGE to Robinhood.
In complete, the fiat equal of the 1.87 billion DOGE is $196.9 million.
🚨 🚨 230,000,000 #DOGE (41,536,946 USD) transferred from unknown pockets to #Robinhoodhttps://t.co/QEZvKI62Zo— Whale Alert (@whale_alert) March 25, 2024
Dogecoin whales have change into very lively not too long ago as DOGE surpassed fashionable coin ADA by its market capitalization dimension and has taken eighth place on the CoinMarketCap scale, forward of Cardano. DOGE’s market cap at present equals $26,528,729,566, versus $24,083,566,755 boasted by Cardano’s native coin, ADA.
This isn’t the primary time it has occurred this 12 months, although. Earlier this March, DOGE already outpaced ADA by this metric.
DOGE value spikes
The biggest meme cryptocurrency by market cap, Dogecoin, has demonstrated a powerful value surge since Monday as it has elevated by greater than 9% by now. On the time of this writing, DOGE is altering fingers at $0.1849 after surging from $0.1701 yesterday.
Total, throughout the previous seven days, DOGE has staged an amazing rise, spiking by 43.86%. This enhance was spurred by Elon Musk’s X platform securing a number of extra state licenses for processing funds within the U.S.
This has elevated the anticipation of the DOGE neighborhood that maybe Musk will lastly combine Dogecoin funds on X in accordance along with his statements prior to his buy of Twitter. Tech tycoon Musk as soon as acknowledged that he believes DOGE is significantly better suited to micropayments than Bitcoin.