[800 million DOGE in 1 hour—what happened? 】
Whale Alert, a well-known cryptocurrency wallet tracking platform, recently discovered two huge Dogecoin (DOGE) transactions, each worth more than $50 million, both transferred out of Robinhood, a well-known investment platform. According to data provided by Whale Alert, whale investors have become quite active recently and have purchased a large amount of DOGE this week.
Earlier today, Whale Alert published details of two transactions worth $400 million in DOGE, just an hour apart, that were both transferred from Robinhood to an anonymous wallet. In addition to these huge DOGE transfers, Robinhood also transferred 128,775,727 DOGE and 2,069,990 DOGE to its internal blockchain addresses.
According to Blockchair Explorer data, the aforementioned whale investors currently own a total of 31,777,003,228 DOGE, with a market capitalization of approximately $4 billion. On July 10, the whale wallet also received a transfer of 369,999,432 DOGE, and earlier that day there was also a transfer of 369,999,853 DOGE out of the wallet.
Earlier this week, cryptocurrency analyst and trader Ali Martinez announced that whale investors had purchased 60 million DOGE in just 24 hours.
Prior to the above two DOGE transactions, Robinhood had another huge transfer involving another popular meme cryptocurrency, Shiba Inu Coin (SHIB). A total of 2,700,000,000,000 SHIB (approximately $48.34 million) was transferred out of Robinhood to a whale wallet ending in -418e489. However, Etherscan data shows that this was only an internal transaction and that the wallet also belongs to Robinhood.
SHIB prices fell 10% this week as India's largest cryptocurrency exchange, WazirX, suffered a security breach that allowed hackers to steal approximately $249 million in PEPE, ETH, and other cryptocurrencies. Among them, the hacker sold 5.43 trillion Shiba Inu coins that day.
