DOGE Price Surges 4.45% as 120 Million Dogecoin is Mysteriously Sent to Robinhood
In a surprising turn of events, Whale Alert, a popular blockchain sleuth, has reported that a significant amount of the original meme cryptocurrency Dogecoin (DOGE) was sent to the major trading platform Robinhood. This transfer coincided with a 4.45% rise in the price of DOGE.
The transfer involved a staggering 120,000,000 DOGE, which was valued at $18,555,179 at the time of the transaction. This mysterious whale has also made several other large transfers, totaling 506.4 million Dogecoin worth $71.1 million. Interestingly, there were two previous large transfers of DOGE to this wallet on May 16 and 17, amounting to 306.4 million coins valued at $47.5 million.
This sudden surge in activity on the blockchain address is notable as it follows a week-long pause in transactions. Currently, this mysterious whale holds a total of 1,602,284,863 DOGE, equivalent to $248,626,542.
Interestingly, the surge in the DOGE price coincided with this significant transfer. The meme coin experienced a 4.45% increase, reaching the $0.15676 level. Although the rise was not a linear progression, it made three increases and two declines. As of now, DOGE is trading at $0.15438, slightly below its peak.
In a separate development, one of the Dogecoin founders, Billy Markus, also known as Shibetoshi Nakamoto, made a gloomy AI prediction on his social media account. However, it seems to be a post of irony rather than a genuine prediction. Markus referred to the movie “The Matrix” and asked his followers how long they think it will take for AI to take over humanity.
Overall, the recent surge in the DOGE price and the mysterious transfer of a large amount of Dogecoin to Robinhood have caught the attention of the crypto community. The motives behind these actions remain unclear, leaving many speculating about the future of DOGE and its relationship with major trading platforms.