103.2 Million DOGE Sent to Robinhood

Recent Activities of the DOGE Whale

A review of the whale’s wallet history on the Blockchain Explorer sheds light on its recent engagements. Notably, the wallet received a substantial amount of 21,000,000 DOGE earlier in the day. After this incoming transfer, the wallet conducted outgoing transfers of 550,299 and 82,111,111 DOGE to other wallets. On Jan. 22, a noteworthy influx of 163,110,047.358 meme coins occurred, followed by another substantial transaction of 11,626,815.4788 DOGE on Jan. 17. The cumulative statistics further reveal that the whale has expended 19,689,063,770 DOGE and received 19,691,829,579 DOGE, resulting in a remaining balance of 2,765,809 Dogecoin at the time of this report.

Performance of Dogecoin Price

Dogecoin has been on a trajectory of recovery after a notable decline in its price since Jan. 20, amounting to a decrease of 21.37%. The cryptocurrency touched a local bottom of $0.7660 on Tuesday. Before this decline, a surge of 28.39% was witnessed following the news of Elon Musk’s intentions to introduce internal peer-to-peer payments on his social media platform, X/Twitter. The Dogecoin community remains optimistic about the potential inclusion of DOGE as an official payment option on X. It contributes to the recent surge in its price. In the last 24 hours, Dogecoin demonstrated a 5% increase, trading at $0.08032 at the time of writing.

Also Read: Shiba Inu vs. Dogecoin: ChatGPT Predicts 2024 Winner

The notable transfer of over 100 million Dogecoin by the mysterious whale to Robinhood introduces a captivating element to the current cryptocurrency landscape. As Dogecoin endeavors to recuperate from recent price fluctuations, market observers are keenly monitoring further developments and assessing the potential implications on DOGE’s market dynamics.