Whales Amass Over 500 Million Dogecoin (DOGE) in Last 2 Days

• 150 million DOGE tokens, worth over $13 million, were traded by top 20 whale.
• The majority of DOGE coins are stored at Robinhood-affiliated wallet addresses.

This weekend, the biggest Dogecoin whale traded almost 165 million DOGE coins. As market sentiment improved after zero-fee trading platform Robinhood announced support for Dogecoin in its newly launched wallet, many “whales” bought up massive quantities of DOGE coins. 

Whale Alert claims that over 500 million Dogecoin have been snatched by whales during the last two days. Dogecoin’s (DOGE) biggest holder took part in the whale buildup, amassing approximately 165 million tokens.

Massive Accumulation

Moreover, 150 million DOGE tokens, worth over $13 million, were traded by another top 20 whale in the last 24 hours. This change follows Robinhood’s announcement that its new self-custody “Robinhood Wallet” app would handle Dogecoin. After the September release to the first 10,000 customers, Robinhood will provide the wallet service to over a million people who have been placed on a waiting list.

The majority of DOGE coins are stored at Robinhood-affiliated wallet addresses. Nearly 25.21 percent of all Dogecoins have held in the “DPDLBA” Robinhood wallet. 34.76 billion DOGE, valued at $3.1 billion, are stored at the given wallet address. Dogecoin’s second-largest holder has 7.08 billion DOGE, or 5.14 percent of the currency’s supply. As a result, the gap between the two biggest holders is vast.

Dogecoin was one of the top 10 tokens that were purchased by the top 100 BSC “whales” on WhaleStats in the last 24 hours. The top 100 BSC “whales” spent the most money on the meme token. In addition, a significant sum of Dogecoin was listed in the top 500 biggest BSC whales holdings.