A recent tweet from the well-known cryptocurrency tracking service Whale Alert revealed the specifics of a sizable trade made in Dogecoin—the first digital currency inspired by memes—from the well-known trading site Robinhood.
The deal was completed at a time when DOGE’s value had dropped 5.84% on the previous day. Dogecoin is now trading at $0.0848 on the Binance platform as of this writing.
https://x.com/whale_alert/status/1745515304132694170?s=20
Whale grabs cheaper DOGE on Robinhood
The aforementioned blockchain detective discovered a Dogecoin transfer that included 88,258,144 DOGE, or $7,474,518. The whale most likely bought this enormous quantity of meme coins on Robinhood and then removed them to a cold storage wallet.
However, information provided by Whale Alert revealed that there were really two transactions: the first carried the 88,258,144 DOGE previously indicated, while the second carried 220,709,018 DOGE, over three times as much as the first. However, the second transfer included addresses on the internal blockchain of Robinhood. When the larger transfer was done, its estimated value was $18,516,700.
Elon Musk to launch payments on X, will Dogecoin be involved?
According to U.Today, Elon Musk’s X platform said earlier this week that it plans to include online payments to get the platform closer to his “everything app” ambition. This information was taken from the platform’s official blog.
There are still those in the cryptocurrency industry who hold out hope that Elon Musk would introduce his preferred cryptocurrency, Dogecoin, as a way to make payments on X/Twitter. Musk hasn’t said anything about it, though, while publicly stressing several times that X doesn’t want to introduce its own cryptocurrency.
Musk reiterated his support for Dogecoin in a podcast that was released on Thursday, saying that he hasn’t sold any of his DOGE.
Long postings and live video broadcasts are two new features that Musk added to the X app last year in an effort to give content creators more tools at their disposal. Additionally, they have two ways to make money off of their labour. They may either enable the Monetization function, which will allow well-known bloggers to receive a portion of X’s advertising income, or they can offer their followers the option to join for a modest monthly charge that is automatically deducted from their credit card.
