According to data shared by the @DogeWhaleAlert account, which monitors large transfers of an essential meme token by market cap, barely Dogecoin, around 230 million transferred with the participation of the top twenty wallets in the previous 24 hours.
Furthermore, the supply reported that the Robinhood buying and selling app holds nearly 25% of the DOGE circulating supply.
Giant whales transfer two hundred thirty-one million DOGE.
Recently revealed tweets show that a total of 150 million DOGE worth slightly more than $13 million was transferred from the top 20 wallets to anonymous addresses in two transactions — 100,000,000 and 50,000,000 DOGE.
The fees were small, as is typical, and those that no financial institution can match — $0.2 or less per transaction.
Another 34 million Dogecoin have been transferred to the top 20 addresses by anonymous wallets. A total of 47 million DOGE changed hands as owners of the top 20 wallets shared this amount of meme money between their addresses.
In general, whales have become more active in transferring their Dogecoin wealth this week after Elon Musk drew public attention to the Bitcoin parody token by posting a picture of his Shiba Inu pet as the brand new “Twitter CEO.” That tweet even increased the value of the DOGE by more than 9%. U.At the moment reported earlier this week that a dormant pocket had moved 576 million DOGE after being inactive for at least two years.
Robinhood buyers are not promoting DOGE.
The same source also revealed that the popular brokerage app Robinhood now holds 33,562,118,360 Dogecoin on behalf of its customers. This includes USD 2,910,607,590 and nearly a quarter of all DOGE in circulation.
Since the beginning of 2022, the amount of Dogecoin held by Robinhood has remained roughly constant. This could indicate that the platform’s clients are hoarding their Dogecoin, which is more likely to be a long-term investment.