Robinhood Moves 48 Million Dogecoin (DOGE) To Unknown Wallet Address, Hmm...

Tens of millions of DOGE were moved from Robinhood wallet to another wallet. (Kanchanara-Unsplash)

JAKARTA – Dogecoin whale movement tracker @DogeWhaleAlert recently reported that crypto exchange Robinhood has a supply of US$5.8 billion worth of DOGE. This is the number of DOGE circulating in Robinhood.

Even so, the exchange itself has 31.42 percent of the total meme coins circulating outside. Robinhood itself uses two wallets namely 3334959 and 1699275 with eight addresses associated with them.

According to @DogeWhaleAlert's report, Robinhood's crypto wallet address was detected as having transferred 48,086,697 Dogecoins worth 6,676,165 US dollars to an unknown address. The DOGE delivery is only subject to a very cheap transaction fee of 0.28 US dollars.

48,086,697 $DOGE ($6,676,165 USD) was transferred from a #Robinhood wallet to an unknown wallet.Fee: 2.00 ($0.28 USD)Tx: https://t.co/Z4MoC95QV3#DogecoinWhaleAlert #WhaleAlert #Dogecoin #CryptoNews

— ogecoin Whale Alert (@DogeWhaleAlert) March 31, 2022

U.Today previously reported data agency Messari announced that Dogecoin has seen a massive hashrate increase to a new all-time high (ATH), this coincides with the increasing difficulty of mining Dogecoin.

At the time of writing, Dogecoin is trading at Rp2,057. DOGE's price performance has increased 5.4 percent in the last 24 hours. Meanwhile, in one week, Dogecoin managed to skyrocket by 9.5 percent. Meanwhile, the all-time highest price (ATH) of Dogecoin was recorded on May 8, 2021, at the level of Rp. 10,338.

Since making ATH last year, the price of DOGE has decreased by 80.1 percent. On the other hand, there is no further information about the launch of the SpaceX rocket that carried the DOGE-1 mission to the moon. DOGE-1 is scheduled to launch in 2022. Neither Elon Musk nor SpaceX have leaked details regarding the mission.