A massive transfer of 300 million Dogecoins (DOGE), or around $18.25 million, was recently discovered by Whale Alert and was directed towards Robinhood. On October 4, at 4:27:38 UTC, the transaction occurred. The sender made a very little fee payment of $0.21 USD.
This development follows the recent expansion of Robinhood’s cryptocurrency offerings.
Robinhood broadens its crypto services
According to U.Today, in August, Robinhood revealed an improvement to its selection of bitcoin wallets. In late August, it expanded support for DOGE and Bitcoin.
The change was made in response to increasing user demands for diversity in the platform’s accessible assets.
Before introducing a plethora of additional currencies in 2022, the zero-fee trading software first offered support for Dogecoin back in 2018.
Slight price uptick
According to information given by CoinGecko, DOGE, which is now ranked 10th in the cryptocurrency market, is trading at $0.061 following a 1.5% gain. This demonstrates that the enormous transfer had no discernible effect on the price of Dogecoin.
Its trading range varied between $0.060465 and $0.062099 throughout the course of a day.
With a $224 million 24-hour trading volume, Dogecoin has a market value of nearly $8.63 billion.
