Renowned cryptocurrency monitoring service Whale Alert has revealed that about fifteen hours ago, it observed an enormous quantity of Dogecoin being moved to well-known brokerage Robinhood by an unidentified whale.
In all, approximately 100 million Dogecoin have been exchanged, most likely with the intention of selling them, and the price of DOGE has increased by 5% in the last day.
Whale moves 103 million DOGE
https://x.com/whale_alert/status/1749872094794403935?s=20
The previously stated site said in a recent X/Twitter post that an unidentified cryptocurrency whale sent Robinhood a total of 103,293,021 DOGE. It has been shown by Whale Alert that 2,765,809 DOGE were transferred in addition.
Overall, based on the wallet’s profile on the Blockchair Explorer, this DOGE whale has been sending and receiving enormous amounts of Dogecoin pretty frequently lately.
As a result, this wallet gave out 550,299 and 82,111,111 DOGE to other wallets earlier today before receiving 21,000,000 DOGE. It received a significant inflow of 163,110,047.358 meme coins on January 22. 11,626,815.4788 DOGE arrived at this wallet address on January 17.
The whale has received 19,691,829,579 DOGE and spent 19,689,063,770 DOGE overall, according to the data. As of this writing, the balance of Dogecoin is 2,765,809 units.
Dogecoin price performance
Dogecoin is working hard to bounce back from its recent, shocking price decline. DOGE’s loss since January 20 has been 21.37%; on Tuesday, it reached a local low of $0.7660. Before that, word got out that Elon Musk was getting ready to introduce internal peer-to-peer payments on his X/Twitter social media network, which caused the price of DOGE to soar by a whooping 28.39%.
The dramatic price increase is due to the DOGE community’s persistent optimism that Musk will, at the very least, add a DOGE option to the list of authorised payment mechanisms on X.
At the time of writing, the original meme-inspired cryptocurrency was trading at $0.08032, up 5% over the previous day.
