Anonymous Whales Transfer 1.87 Billion Dogecoin to Robinhood Amid Price Surge

Anonymous Whales Transfer 1.87 Billion Dogecoin to Robinhood Amid Price Surge

By
Callisto De Luca
1 min read

The latest data from Whale Alert reveals a massive transfer of Dogecoin involving Robinhood. Nearly 1.87 billion DOGE, valued at $196.9 million, was moved in and out of the platform by anonymous whales. As a result, Dogecoin's market capitalization surpassed ADA, securing the eighth position on CoinMarketCap. Additionally, the cryptocurrency witnessed a 9% surge, reaching $0.1849, driven by Elon Musk's business securing more state licenses for processing payments, fueling expectations for Dogecoin payments on X. The community is hopeful about Musk's integration of Dogecoin, considering its suitability for micropayments over Bitcoin.

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