Less than an hour ago, an incredible Dogecoin transfer was made to the Robinhood investment platform as a deposit, according to data from the well-known blockchain tracker Whale Alert, which keeps an eye on significant cryptocurrency transactions.
The same trading app participated in the transfer of a comparable quantity of DOGE earlier today. According to Whale Alert, about half a billion DOGE had been transferred overall.
This move to Robinhood occurred as a well-known cryptocurrency expert forecasted that DOGE may have a parabolic rise once November officially began.
Robinhood stunned by 290 million DOGE deposit
According to Whale Alert, Robinhood has received a 290,000,000 DOGE deposit from an unidentified blockchain address. This is the equal of $48,844,780 in the original meme currency.
The whole amount of 31,487,003,299 DOGE is now held by the address -1pMke, which was used to send the cash to Robinhood. It got 79,999,701 Dogecoin in an anonymous transaction on October 30 and delivered a whopping 369,999,432 DOGE to an unidentified address.
Two other Dogecoin transactions via Robinhood were discovered earlier today by the same source as previously mentioned. Nevertheless, these were somewhat sizable withdrawals—103,069,813 and 75,242,717 DOGE, valued at $18,252,008 and $13,399,635, respectively—rather than deposits.
https://x.com/whale_alert/status/1851619095575167186
DOGE eyes parabolic price surge
The biggest meme cryptocurrency, Dogecoin, is expected to have a “parabolic bull run” in November, according to a tweet by cryptocurrency analyst and trader Ali Martinez, who frequently posts cryptocurrency trading charts and his thoughts on them on his X account.
He provided a chart that shows that DOGE is poised to emerge from a reversal pattern called a falling wedge. After then, assets are probably going to start increasing.
History suggests that Dogecoin may see a parabolic bull run in November. The figure shows that similar bull runs have previously occurred in 2017–2018 and 2021.
Martinez tweeted, “Watch for a consistent close above $0.20.”
https://x.com/ali_charts/status/1851603207530918103
Dogecoin is trading at $0.16982 at the moment of writing, having dropped 3.79% in the last day. Before that, DOGE saw a huge increase of almost 35%, beginning on Saturday and reaching its highest point on Tuesday at $0.17807.
