Billions of USD in DOGE Held by Robinhood, Quarter of Circulating Supply

Crypto tracking service @DogeWhaleAlert has published data that reveals how much Dogecoin the prominent trading platform Robinhood holds.

According to the tweet, in Robinhood’s wallets, there are currently 33,562,118,427 Dogecoin worth a whopping $2,545,216,813. This constitutes slightly over 24% of the total circulating supply of the original meme token.

The current total combined amount of #Dogecoin held by @RobinhoodApp 🪶 on behalf of its investors is:

33,562,118,427 $DOGE
$2,545,216,813 USD
24.19% of the circulating supplyhttps://t.co/iWz81VqfEE

— Ðogecoin Whale Alert (@DogeWhaleAlert) March 31, 2023

Since the start of the week, the Dogecoin price demonstrated a rise of nearly 8%. However, earlier today, it declined, shedding 2.56%. As of this writing, DOGE is trading at $0.0765 on the Binance exchange.

Over the past 24 hours, whale activity on the Dogecoin network increased as the aforementioned tracker spotted several major transactions made. Two of them moved 35,000,000 DOGE and 74,326,851 DOGE between unknown addresses and top 20 wallets.

Another similar transaction carried 72,156,894 DOGE as well.

🐕🪙🐋🚨🚨🚨🚨🚨🚨🚨

72,156,894 $DOGE ($5,484,068 USD) was transferred from multiple wallets to an unknown wallet.

Fee: 0.678 ($0.052 USD)

Tx: https://t.co/ykrn06zrXD#DogecoinWhaleAlert #WhaleAlert #Dogecoin #CryptoNews

— Ðogecoin Whale Alert (@DogeWhaleAlert) March 31, 2023

Earlier today, one of Dogecoin founders, Billy Markus, tweeted once again, to make a reminder to the DOGE community, that he does not represent Dogecoin and quit working on it nine years ago. He also shared that there is very little Dogecoin in his crypto wallets.