Dogecoin price reacts to large transfer of OG meme coin to popular exchange

Data provided by popular blockchain sleuth Whale Alert shows that a large amount of the original meme cryptocurrency Dogecoin (DOGE) was sent to major trading platform Robinhood more than ten hours ago.

Meanwhile, DOGE prices have risen by nearly 5%.Mysterious whale sends DOGE to RobinhoodThe above-mentioned source said that 120 million DOGE were transferred to the famous investment platform Robinhood.

The OG meme cryptocurrency was worth $18,555,179 when it was transferred more than ten hours ago. In the past day, in addition to the aforementioned 120 million, the wallet has also seen large outflows of 48,279,298, 150,000,000, 118,279,297 and 190,000,006 DOGE blocks.

A total of 506.4 million Dogecoins, worth $71.1 million. In addition, two large DOGE transfers were made to the wallet on May 16 and 17: 118,279,297 and 188,279,303 Dogecoins. This included 306.4 million coins, worth $47.5 million.

After a one-week pause, we noticed a surge in activity on this blockchain address — the last transaction was made on May 9. According to data provided by Blockchair, this mysterious crypto whale holds 1,602,284,863 DOGE as of this writing. This is equivalent to $248,626,542.

Dogecoin Price Shows Bullish Reaction

The above transaction coincided with a significant rise in the price of Dogecoin, with the meme coin rising 4.45% to $0.15676. This is not a straight line rise, but a curve with three rises and two falls.

The price surge was followed by a minor rebound that pushed DOGE to the $0.15438 mark, where the meme cryptocurrency is changing hands as of the time of writing.

DOGE Founder Makes Pessimistic AI Prediction One of the two founders of Dogecoin, Billy Markus, known as Shibetoshi Nakamoto on the X app (formerly Twitter), made a negative AI outlook on his account.

However, this appears to be a satire rather than an actual prediction - Marcus references the classic The Matrix movie, where Neo wakes up in a capsule outside of a virtual illusion and sees a reality in which humans are being bred by machines.

"How long do you think it will be before AI takes over?" Marcus, known for his satirical views on cryptocurrencies and the tech sector, told his 2.1 million followers on Twitter.

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