Whopping $33.8 Million Worth Of Dogecoin Shifted To Robinhood — And People Suspect This Person Could Be Behind It
Portfolio Pulse from Bibhu Pattnaik
A significant transfer of 118.4 million Dogecoin (DOGE) to Robinhood, valued at over $33.8 million, has sparked speculation in the cryptocurrency community, with some suggesting Elon Musk could be the sender. This follows Musk's hint at a Tesla event about accepting DOGE payments, which led to a surge in Dogecoin's value. The transaction is part of a larger movement of approximately 200 million DOGE to Robinhood over two days. Meanwhile, the Shiba Inu ecosystem is anticipating updates, and a spike in SHIB transaction volumes indicates increased interest from major investors.
March 16, 2024 | 5:52 pm
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The transfer of 118.4 million Dogecoin to Robinhood and speculation about Elon Musk's involvement, coupled with his comments on DOGE payments for Tesla, have contributed to significant volatility in Dogecoin's value.
The large transfer of Dogecoin to Robinhood and the speculation surrounding Elon Musk's involvement, especially following his positive comments on DOGE, have likely contributed to increased interest and volatility in Dogecoin's price. Musk's influence in the crypto space, particularly with Dogecoin, has historically led to price movements, making this news potentially impactful in the short term.
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