The Dogecoin (DOGEUSD) community has been stunned by a massive transfer. According to Whale Alert, over 119 million DOGE was transferred from an unknown cryptocurrency wallet to Robinhood. The transfer, which took place nearly 13 hours ago, is estimated to be worth around $11.7 million.✅✅
Such large trades have always played a major role in market movements. Robinhood is one of the most popular and widely used trading platforms in the cryptocurrency community. Trading activities on this platform have previously had a major impact on the market.
Notably, Robinhood saw a 224% increase in nominal cryptocurrency trading volume in Q1. Estimated at $36 billion, this volume increase exceeded the previous year's level. Furthermore, the US company's total revenue increased to $618 million, up 40% year-over-year.🤗🤗
As a key player in the crypto space, developments involving Robinhood affect the market. Today’s DOGE transfer is likely a sell-off and is expected to cause bearish sentiment in the market. 🥈🥈The amount transferred is significant and it appears that large holders are causing selling pressure.📈📈
DOGECOIN PRICE WILL FALL.
The largest meme coin on the market is struggling to maintain its momentum. As of press time, DOGE is trading at $0.09552, after falling 2.87% in the last 24 hours. The meme coin has added another zero to its price, which is an extremely negative sign for traders. The overall outlook is also bearish as DOGE has fallen 10.05% in the past month.💯💯
This negative sentiment is seen across the market as another crypto crash occurred today😎😎. The total crypto market capitalization has now dropped to $1.99 trillion, after falling 3.6% in the last 24 hours. It is not holding up on the prestigious $2 trillion market, indicating growing trouble for the community.🎯🎯.Helping everyone is my pleasure, anyone who has problems with the market or is new to learning contact me. khongchin....7sau.,.,banam,.4chin.,,,,,.mot.o
