Robinhood continues to hold a stable amount of DOGE supply for its investors, and it has neither risen nor declined as of yet
According to a tweet recently posted by @DogeWhaleAlert account, the Robinhood brokerage company holds nearly $5 billion worth of Dogecoin on behalf of its investors.
Meanwhile, a staggering $34 million in DOGE were recently transferred between anonymous wallets.
Robinhood holds 31.7% of circulating Dogecoins
In a recent tweet, @DogeWhaleAlert spread the word that Robinhood stores an astounding $4,945,874,342 worth of the original meme cryptocurrency, Dogecoin. That comprises 42,157,488,061 coins in DOGE equivalent. This is also 31.78% of the token’s total supply in circulation.
The tweet also states that the company uses two wallets made up of eight addresses for storing Dogecoin.
— Ðogecoin Whale Alert (@DogeWhaleAlert) March 17, 2022
300 million DOGE shifted by anon wallets
Among multiple Dogecoin transactions, @DogeWhaleAlert has spotted a massive one, carrying a whopping 300,000,000 DOGE worth $34,473,300.
The fee for this transfer comprised 84.17 DOGE, which is almost $10.
300,000,000 $DOGE ($34,473,300 USD) was transferred from multiple wallets to an unknown wallet.
Fee: 84.17 ($9.67 USD)
— Ðogecoin Whale Alert (@DogeWhaleAlert) March 18, 2022