😱🫨DOGE Price: Whales Mixed 767 Million Through Robinhood, What's Next?
#Dogecoin whales once again attracted more attention, and about 767 million tokens were registered in the midst of Doge's price drop. With Robinhood receiving a Wells notification from the US SEC (Securities and Exchange Commission), large amounts of #DOGE tokens received from the crypto exchange are putting the broader crypto Sunday into the oven.
These huge whale transactions come on the heels of other payoffs that Dogecoin has recently registered, especially despite accepting Tesla's Doge as a payment method. Collectively, this date has moved from a show of value thinking on the doge's record of price Deceleration today to a swirl of speculation among crypto market participants about future price movements. The token, which briefly exceeded the order of $ 0.16 in the last 24 hours, rejoiced at $ 0.15 again in line with broader market trends.
Whales Confronted 767 Million doge Via Robinhood Route: Report
According to the analysis developed by Whale Alert, 767 million DOGE were transferred in bulk through 4 major transactions in the last 24 hours. While most of these transactions showed the unit of DOGE tokens, a huge dump undermined these units.
In particular, the data identified the accumulation of three DOGE worth 79.18 million, 123.81 million and 163.92 million DOGE tokens according to unknown addresses. On the other hand, 400 million DOGE moved to Robinhood with an unknown address and gave rise to opposite feelings about the price movement of Dogecoin.
In light of Robinhood's receipt of a Wells notice from the US Sec, a notice that means the regulatory agency plans to bring an enforcement action against Robinhood October's crypto businesses for violating securities laws, these transactions have garnered additional attention. Also, Elon Musk's Tesla has recently integrated Dogecoin as a paying method, but only through DOGE wallets, which has contributed to speculation about the potential reasons for these transactions.
