Whales moved around large DOGE reserves; tens of millions of DOGE have moved to Binance
According to a series of recent tweets posted by wallet tracker @DogeWhaleAlert, in the past 24 hours anonymous wallets have shoveled just over 200 million Dogecoin between them.
Four transactions carrying 50 million and 57 million DOGE were spotted, moving a total of 214.8 million Dogecoin. A total of 50,054,471 DOGE were transferred from an unknown wallet to the Binance exchange. The overall value of the transferred Dogecoins is around 15 million.
🐕🪙🐋🚨🚨🚨🚨🚨
57,286,007 $DOGE (4,076,988 USD) was transferred from an unknown wallet to an unknown wallet.
Fee: 10.00 ($0.71)
Transmission: https://t.co/we8DQMxKto#DogecoinWhaleAlert #WhaleAlert #Dogecoin #CryptoNews
– Ðogecoin Whale Alert (@DogeWhaleAlert) May 26, 2023
Robinhood’s DOGE supply drops significantly
According to the same source, the amount of DOGE held by popular trading platform Robinhood has seen a significant drop recently.
While holding 24% of the circulating supply for over a year on behalf of his clients, earlier this week @DogeWhaleAlert spread the word in the crypto community that now the amount of DOGE contained in Robinhood wallets fell 8% to 16% of the original meme cryptocurrency’s circulating supply.
This now totals 22,641,958,530 Dogecoins worth $1,614,439,569.
The current combined total amount of #Dogecoin hold by @RobinhoodApp 🪶 on behalf of its investors is:
22,641,958,530 $DOGE
US$1,614,439,569
16.23% of circulating supply– Ðogecoin Whale Alert (@DogeWhaleAlert) May 26, 2023
The wallet tracker explained this drop in DOGE supply by referring to Robinhood’s massive Dogecoin outflows made earlier. At the time, 5,700,000,000 DOGE combined in multiple transfers were removed from Robinhood and moved to anonymous addresses. These were chunks of 680 million Dogecoins each.