three.two Billion Dogecoin Moved by Robinhood: Details

Based on DogeWhaleAlerta information-monitoring support that concerns whale alerts for transactions of additional than 4 million DOGEs, three.two billion DOGEs really worth just about $218 million have been reported to have moved into cold storage by Robinhood.

By preserving digital assets offline, cold storage wallets are explained to deliver protection for them for the duration of volatile market place downturns. When holding cryptocurrency for longer intervals, traders generally move it to cold wallets.

The information tracker has proven many transfers tied to the Robinhood wallet inside the final 24 hrs. Fourteen transactions of 100 million DOGEreally worth roughly $six.seven million just about every, reported by DogeWhaleAlert to have been moved from 1 Robinhood wallet to a different.

Other reported transactions include things like 10,988,259 DOGE really worth of $724,269 transferred from many wallets to 1 anonymous best twenty wallet.

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The information tracker also reviews two separate transactions of 599,99,900 DOGE really worth $forty,226,993 and 999,99,996 DOGE really worth $66,914,000, transferred from Robinhood wallet to unknown wallet.

Robinhood holds forty.one billion DOGE on behalf of traders

Based on DogeWhaleAlert, a complete of forty,138,384,330 DOGE, really worth $two,723,389,377, is getting held by Robinhood on behalf of its traders. This represents thirty.25% of the complete provide.

Two recognized Robinhood wallets, 3334959 and 1699275, use eight recognized addresses to hold these money.

At press time, Dogecoin (DOGE) is trading somewhat decrease at $.066.

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