Dogecoin Price Jumps 6%, Whale Sells 300 Million DOGE on Robinhood.

Anonymous whale transferred massive DOGE chunk to popular investment platform after DOGE price increased by over 11% in last week.

According to data shared by popular crypto tracking service Whale Alert, around eight hours ago, an anonymous crypto holder transferred a mind-blowing amount of Dogecoin to popular trading venue Robinhood.

He sent 300,000,000 DOGE in total – this is an amount of meme crypto equal to $25,033,123. It was sent for a tiny fee of $0.18 (that is 2.256 DOGE). No traditional bank can offer such a bargain for a $25-million transfer and at the speed at which it was performed.

The goal of this transaction remains unclear, since Robinhood allows not only selling and buying DOGE and other cryptocurrencies. It also has its own wallets where users can store their crypto for a long time on the platform. On Nov. 16, an impressive amount of DOGE was sent to Robinhood as well – that chunk of meme crypto contained 103,000,000 DOGE. Overall, November was a month rich in large Dogecoin transfers. Throughout the whole month, Whale Alert spotted astounding transactions of DOGE made by anonymous whales and Robinhood and between unknown wallets. Once the tracker spotted a tremendous amount of DOGE transferred between them – 690,000,000 meme coins worth more than $50 million in fiat.

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