A new report from Whale Alert states that earlier today, 112 million DOGE, or around $10.4 million, were transferred from the trading site Robinhood to an unidentified wallet. In the meantime, the price of DOGE has increased by more than 3% in the last day.
Recent trends in Dogecoin transfers
Over the last month, there have been a number of significant changes on Dogecoin. Two significant transactions were seen on December 18: 85 million DOGE, valued at around $7.6 million, and 57 million DOGE, valued at more than $5.1 million, both coming from unidentified wallets to Robinhood.
Significant sums were moved from Robinhood to unidentified wallets earlier in the month; on December 6 and December 1, respectively, 72 million DOGE (about $7.2 million and 78 million DOGE, or around $6.5 million), were transferred.
Notably, on December 1, a large transaction of 300 million DOGE, or $25 million, was seen going from an unidentified wallet to Robinhood.
DOGE price performance overview
With a 3.2% rise, Dogecoin, which is now ranked 11th in the cryptocurrency market, is trading at $0.094756. Its market capitalization is at $13.45 billion.
Dogecoin’s trading range is $0.091555 to $0.097124 during a 24-hour period.
