Two significant Dogecoin transactions, each worth over $50 million, were recently executed on Robinhood, highlighting the increasing interest of crypto whales in meme-based currencies. These transactions, involving 400 million DOGE each, were traced to an anonymous wallet. The whale now holds 31.8 billion DOGE, worth roughly $4 billion. Robinhood also facilitated large movements of Shiba Inu, with 2.7 trillion SHIB transferred. This surge in activity on Robinhood signals a potential rise in volatility and price for these cryptocurrencies.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
