Highlights
- Dogecoin’s hashrate, according to the Messari statistics agency, has reached an all-time high, as has the meme coin’s mining difficulty.
- Robinhood had transferred 48,086,697 Dogecoins worth $6,676,165 to an undisclosed address,
It has been claimed on Twitter by the account @DogeWhaleAlert that the Robinhood investment platform (which sells both stocks and cryptocurrencies to clients) now holds a total of $5,883,808,025 in Dogecoin, the most popular parody cryptocurrency and a favorite of Tesla CEO Elon Musk.
Approximately 31.42 percent of the total Dogecoin supply is represented by this amount of DOGE. There are a total of 41,687,447,478 coins in circulation. Considering that this figure has remained stable since the beginning of March, it appears that Dogecoin investors on Robinhood are hanging on to their meme coins with both hands.
The cryptocurrency is held by the investment app in two wallets, each with eight addresses: 3334959 and 1699275, which are both located in the United States.
Six of the eight known addresses are used by the two known wallets for #Robinhood: 3334959 and 1699275. On behalf of its investors, RH currently holds the following amount of #Dogecoin:
This is taking place despite the fact that the DOGE price has fallen by 81.6 percent from its historic high of $0.7376 on May 8, last year. Furthermore, Dogecoin has lost nearly 30% of its value since the beginning of 2022, despite a brief 20% recovery in the month of March this year.
Additionally, @DogeWhaleAlert reported that Robinhood had transferred 48,086,697 Dogecoins worth $6,676,165 to an undisclosed address, according to @DogeWhaleAlert.
#DogecoinWhaleAlert #WhaleAlert #Dogecoin #CryptoNews
