A significant portion of the original meme cryptocurrency Dogecoin (DOGE) was transferred to a significant trading site called Robinhood a little over ten hours ago, according to data given by the well-known blockchain detective Whale Alert.
At the same time, the DOGE price printed up over 5%.
Mysterious whale sends DOGE to Robinhood
The previously stated source broke the news that the well-known investing site Robinhood has received an astounding 120,000,000 DOGE. At the time of the transfer, which was more than ten hours ago, the value of this quantity of the OG meme cryptocurrency was $18,555,179.
Apart from the 120 million already reported, this wallet has had large outflows of 48,279,298, 150,000,000, 118,279,297, and 190,000,006 DOGE chunks within the last day. With a $71.1 million value, that amounted to 506.4 million Dogecoin.
https://x.com/whale_alert/status/1791574395162399119
Apart from that, on May 16 and 17, two significant DOGE transfers—118,279,297 and 188,279,303 Dogecoin—were sent to this wallet. That’s 306.4 million coins worth an estimated $47.5 million.
After a week of inactivity, there has been a noticeable increase in activity on this blockchain address; the last transaction was performed on May 9. Based on information from Blockchair, as of this writing, an unidentified cryptocurrency whale is holding 1,602,284,863 DOGE. That comes to a total of $248,626,542.
Dogecoin price shows bullish reaction
The aforesaid transaction coincided with a substantial Dogecoin price increase as the meme coin added 4.45%, reaching the $0.15676 level. This was not a linear rise but rather a curve that made three rises and two declines.
The price surge was followed by a marginal rebound, pushing DOGE to the $0.15438 mark, where the meme cryptocurrency is changing hands as of this writing.
DOGE founder makes gloomy AI prediction
One of the two Dogecoin founders, Billy Markus, known as Shibetoshi Nakamoto on the X app (formerly Twitter) has published a negative AI outlook on his account. This, however, seems to be rather a post of irony than an actual prediction – Markus referred to the classic Matrix movie, where Neo awakens in the capsule outside the virtual illusion and sees that humans in reality are being grown by machines.
“How long do y’all think we have until AI takes over humanity?” Markus tweeted, addressing his 2.1 million followers. Markus is known for his ironic views on the crypto and tech spaces.
