It has been reported that the popular brokerage platform holds 41.8 billion Dogecoins on behalf of its retail clients
According to data published by @DogeWhaleAlert, Robinhood, a popular trading app for stocks and cryptocurrencies, holds nearly $6 billion worth of Dogecoin on behalf of its clients.
Robinhood owns 41.8 billion DOGE
The exact amount of meme crypto held by Robinhood in dollars is $5,823,039,490.
This equates to nearly 8 times as much in DOGE – 41,829,475,750 coins even – and 31.53% of the entire DOGE supply in circulation. The total amount in circulation of DOGE is 132,670,764,299 coins.
Robinhood holds the aforementioned amount of DOGE in two wallets. One of them—3334959—has six crypto addresses, all of which are part of the top 20 Dogecoin addresses.
The company’s second wallet only has two addresses—DQA5h47M4NdTt2mKDj4nP2VNZWczZi42RY and D8vFz4p1L37jdg47HXKtSujChhP9f3doTK— according to the dogecoinwhalealert site.
Doge spikes on Elon Musk’s recent tweet
As reported by U.Today on Sunday, the original canine cryptocurrency, DOGE, rose by 5.10% after the Tesla boss and the biggest Dogecoin fan, Elon Musk, commented on a suggestion that he buy Twitter and change the logo from its blue bird to DOGE.
musk recently took a poll to see if Twitter suppresses free speech. Many commentators have proposed that Musk buy the social media giant. Instead, the Tesla chief plans to create his own social media platform.
