Thursday, July 24, 2025
No Result
View All Result
DOLLAR BITCOIN
Shop
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet
DOLLAR BITCOIN
No Result
View All Result
Home Dogecoin

Dogecoin Whale Moves 71 Million DOGE To Robinhood, What Does This Mean For Price?

n70products by n70products
December 28, 2023
in Dogecoin
0
Dogecoin Whale Moves 71 Million DOGE To Robinhood, What Does This Mean For Price?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


A Dogecoin whale handle lately made a switch of 71.2 million DOGE valued at $6.3 million into Robinhood from a non-public handle. In line with numerous social media posts by whale transaction tracker Whale Alerts, massive DOGE transfers out and in of exchanges have seen an uptick for the reason that starting of the week. On the similar time, the worth of DOGE has traded between a excessive finish of $0.097 and a low finish of $0.089.

Huge DOGE Switch Into Robinhood

The uptick in massive DOGE transfers from whales has had buyers considering of the crypto’s outlook within the subsequent few days. When whales make large transfers like this, it typically indicators they’re about to make a serious purchase or promote order that may affect the worth.

On this case, knowledge from on-chain knowledge reveals that the 71.2 million DOGE tokens have been transferred from the non-public handle “DF8jRK” to the Robinhood-linked handle “DHQsfy.” The token switch appears to have been a serious a part of the handle’ holdings. On the time of writing, the handle “DF8jRK” holds 36.3 million DOGE tokens, price roughly $3.3 million.

???? 71,224,271 #DOGE (6,392,254 USD) transferred from unknown pockets to #Robinhoodhttps://t.co/mSNJ8HSSot

— Whale Alert (@whale_alert) December 26, 2023

Consequently, the switch to Robinhood, a serious crypto change, suggests the whale could also be making ready to promote their DOGE holdings, which might drive the worth down.

Alternatively, Whale Alerts has reported other large transfers throughout the previous few days. For instance, 367 million DOGE tokens price $33.6 million have been transferred between two unknown wallets. 

Additionally, 999 million DOGE tokens price $91 million have been despatched from Binance to an unknown pockets prior to now 24 hours. Nevertheless, the crypto change clarified that the switch was a part of its customary pockets upkeep.

Dogecoin price chart from Tradingview.com

DOGE bears proceed to vie for management | Supply: DOGEUSD On Tradingview.com

Present State Of Dogecoin

Dogecoin’s value motion this yr has typically lacked the volatility and enthusiasm it has skilled from merchants in previous years. The crypto is at the moment buying and selling at $0.09255, down by 0.29% prior to now 24 hours, and has been caught in a sideways motion. On the month-to-month timeframe, DOGE is up by 16% prior to now 30 days. 

DOGE lately hit a yearly excessive of $0.10 this December. In line with crypto analyst Ali Martinez, community exercise has elevated this month, with a gentle rise within the creation of new DOGE addresses. 

Dogecoin now has 5.29 million addresses with a stability, reiterating its place as the most important meme coin and the fifth-largest handle depend within the crypto market. Nevertheless, IntoTheBlock’s Lively Addresses Ratio reveals that almost all of those addresses are inactive, with solely a 2.73% common prior to now 30 days.

Dogecoin

Supply: IntoTheBlock

Featured picture from Watcher Guru, chart from Tradingview.com

Disclaimer: The article is supplied for academic functions solely. It doesn’t signify the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You’re suggested to conduct your individual analysis earlier than making any funding choices. Use info supplied on this web site completely at your individual danger.





Source link

Tags: DOGEDogecoinMillionMovesPriceRobinhoodWhale
Previous Post

Crypto Coach: How to stay warm during a crypto winter

Next Post

Update – Advisory on recent events and potential travel considerations

Next Post
Update – Advisory on recent events and potential travel considerations

Update - Advisory on recent events and potential travel considerations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Ethereum gas fees tank to 5-year lows: What’s behind the drop?

Ethereum gas fees tank to 5-year lows: What’s behind the drop?

August 17, 2024
Bitcoin ETFs just saw their first decline – Here’s what triggered the $6B pullback

Bitcoin ETFs just saw their first decline – Here’s what triggered the $6B pullback

June 6, 2025
XRP Price Eyes Upside—Stronger Recovery Odds Compared to BTC

XRP Price Eyes Upside—Stronger Recovery Odds Compared to BTC

March 11, 2025
Ethereum transactions near 2021 highs – Will ETH prices follow?

Ethereum transactions near 2021 highs – Will ETH prices follow?

July 5, 2025
XRP Price Could Soon Surge: Can Bulls Fuel the Rally?

XRP Price Could Soon Surge: Can Bulls Fuel the Rally?

September 23, 2024
Trader Michaël van de Poppe Predicts 2x Surge for Top Altcoin, Says Ethereum Likely To Rally Against Bitcoin

Trader Michaël van de Poppe Predicts 2x Surge for Top Altcoin, Says Ethereum Likely To Rally Against Bitcoin

January 19, 2024

Recent Posts

  • Trump’s AI Plan Eases Data Center Rules, Strips Federal DEI Guidelines
  • Buy a MacBook or iPad for school, get a free pair of AirPods – here’s how
  • Ethereum Price Stays Elevated—Bulls Eye Further Upside

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Blog
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

Recommended

Trump’s AI Plan Eases Data Center Rules, Strips Federal DEI Guidelines

Trump’s AI Plan Eases Data Center Rules, Strips Federal DEI Guidelines

July 24, 2025
Buy a MacBook or iPad for school, get a free pair of AirPods – here’s how

Buy a MacBook or iPad for school, get a free pair of AirPods – here’s how

July 24, 2025

© 2023 Dollar-Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Blockchain
  • Bitcoin
  • Cryptocurrency
  • Altcoin
  • Ethereum
  • Market & Analysis
  • DeFi
  • More
    • Dogecoin
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Book
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Merch
    • Bitcoin Miner
    • Bitcoin Miner Machine
    • Bitcoin Shirt
    • Bitcoin Standard
    • Bitcoin Wallet

© 2023 Dollar-Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
💵 Turn Every Dollar Into Crypto Rewards! Wirex lets you spend dollars or bitcoin — and get up to 8% back in crypto instantly. 💸 Exclusive offers dropping soon — stay tuned!
“Offers Launching Soon”
This is default text for notification bar
Learn more
Go to mobile version