Amid Dogecoin Crash, 374 Million DOGE Moved From Robinhood To Unknown Wallet

Bibhu Pattnaik

April 13, 2024

The Dogecoin (CRYPTO: DOGE) community observed significant activity among whales, as they transferred vast quantities of the meme coin in the last 24 hours.

This flurry of activity coincided with a 19.4% decline in DOGE's price on Friday, prompting speculation that these anonymous whales might seize the opportunity to buy the dip.

According to Whale Alert, there were three substantial transactions totaling 374 million DOGE, valued at approximately $55.8 million.

150,000,000 #DOGE (26,036,962 USD) transferred from #Robinhood to unknown wallethttps://t.co/Z4P1JnNtsb
— Whale Alert (@whale_alert) April 12, 2024

Notably, two large withdrawals of 150 million and 100 million DOGE were made from the popular trading app Robinhood, while an additional 74 million DOGE was deposited back into the platform.

74,024,901 #DOGE (12,583,531 USD) transferred from unknown wallet to #Robinhood https://t.co/H9KdL5hAwY
— Whale Alert (@whale_alert) April 13, 2024

These movements raise questions about the intentions behind the transfers, whether for selling purposes or long-term storage on Robinhood, which is recognized for holding a significant portion of DOGE's circulating supply.

Also Read: Forget Dogecoin And Shiba Inu — This Meme Coin Has Surged Nearly 70% In Just 24 Hours

The decline in Dogecoin's price reflects a broader correction in the cryptocurrency market, mirroring Bitcoin's sudden 7% drop.

This market turbulence resulted in over $300 million worth of crypto liquidations across various platforms.

Despite the downturn, Dogecoin has managed to recoup some of its losses. It is currently trading at $0.1708 on the Binance exchange, marking a 6.71% recovery.

Now Read: Dogecoin Set to Surge Over 200%, Says Crypto Analyst: 'It's Going To Do Something Insane This Cycle'

Photo: Shutterstock

Recommended

Shutting Down at 11:59 PM EST - Ad

Get Your Retirement Plan in Shape in 2025 - Ad

The Brand New Tech Creating Millionaires (Buy These Four Stocks) - Ad

Popular

Italy rail asks authorities to investigate outages behind train delays

ROME (AP) — Italy’s national railroad filed a formal complaint with law enforcement authorities Wednesday alleging that power outages up and down the peninsula that have caused days of train delays were suspicious.

Bloomberg reports that Meta will lay off 5% of staff

News reports say that social media company Meta Platforms is planning to cut 5% of total staff this year by terminating staff based on performance and hiring new workers to replace them.

1 Thing You Must Do in 2025

1 Thing You Must Do in 2025 - Ad

With a new year just beginning, I think every Weiss Member would be smart to do one thing to kick-start the year ...Claim a special bar of Weiss gold bullion. It's a simple investment anyone can access in their regular brokerage account with just a few clicks.

Transportation secretary pick vows to buck any pressure to help Elon Musk in agency probes of Tesla

NEW YORK (AP) — Donald Trump’s pick to head the Transportation Department promised Wednesday to scrutinize Boeing's safety issues, streamline regulations and not interfere in ongoing agency investigations into Elon Musk’s electric car company if confirmed as secretary.

Britain's leader unveils AI strategy, including vow to rip up red tape hindering AI projects

LONDON (AP) — The British government pledged on Monday to rip up the red tape hindering construction of data centers that underpin artificial intelligence while promoting its “pro-innovation” approach to regulating the technology.

The $20 Stock Powering NVIDIA, TESLA, and Microsoft

The $20 Stock Powering NVIDIA, TESLA, and Microsoft - Ad

The biggest AI firms in the world... All rely on this single company. And right now, you can get in for only $20 - but not for long.

Austrian far right and conservatives reach budget accord in a step toward new government

VIENNA (AP) — Austrian far-right leader Herbert Kickl and his prospective coalition partners said Monday that they have reached an agreement to bring down the budget deficit, an important first step toward what would be the country's first post-World War II government led by the far right.

Elon Musk Emerges As Potential TikTok US Buyer As Ban Deadline Looms, Company Terms It 'Pure Fiction'

Chinese officials are considering Tesla Inc. CEO Elon Musk as a potential buyer for TikTok's U.S. operations.

Declassified: "Amazon Coin" Revealed

Declassified: "Amazon Coin" Revealed - Ad

Starting January 20th, this tiny 3-cent crypto just partnered with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2025.

Tesla Shares Rise Over 2% After Hours On Morgan Stanley's Price Target Hike, FSD Breakthroughs: Gary Black Highlights Key Drivers

Tesla stock rose 2% after-hours on Morgan Stanley's price target increase and positive developments in Full Self-Driving technology.

In Joe Rogan Interview, Zuckerberg Expresses Confidence in Trump's Support for Tech Sector: 'I Think He Just Wants America to Win'

In his Friday appearance on Joe Rogan's podcast, Mark Zuckerberg voiced his optimism regarding President-elect Trump's support for the American tech industry.

Brazil's Potash Powerhouse?

Brazil's Potash Powerhouse? - Ad

Brazil relies on imports for over 95% of its potash--but a new $30M NYSE-A IPO could change that. This company's bold plan to produce potash locally could significantly reduce the price for potash, fueling Brazil's agriculture and bringing significant profit potential. The timing couldn't be better.

Biden's administration proposes new rules on exporting AI chips, provoking an industry pushback

WASHINGTON (AP) — The Biden administration is proposing a new framework for the exporting of the used to develop , an attempt to balance national security concerns about the technology with the economic interests of producers and other countries.

Jeff Bezos' space company calls off debut launch of massive new rocket in final minutes of countdown

CAPE CANAVERAL, Fla. (AP) — called off the debut launch of its massive new rocket early Monday because of technical trouble.

Man Who Predicted Trump's Win: "Do This Before January 20th"

Man Who Predicted Trump's Win: "Do This Before January 20th" - Ad

According to legendary investor Louis Navellier, who correctly predicted Trump's win... This Trump inauguration move could be the difference between accelerating your retirement in the first 100 days of his administration...OR losing a big chunk of your retirement.

Stocks Fail To Rise Despite Benign Producer Inflation, 30-Year Treasury Yields Hit 5%, Ely Lilly Tumbles: What's Driving Markets Tuesday?

A cooler-than-expected December producer inflation report failed to ignite lasting gains on Wall Street Tuesday, reflecting lingering concerns about persistently high inflation among investors.

ChargePoint Outpaces Tesla In EV Network Market Share, But JPMorgan Stays Cautious

ChargePoint dominates U.S. EV charging market with 32% share and 70,000+ ports, but faces challenges with sluggish subsidies and high capex. JPMorgan remains cautious.

Wall Street's "Secret Weapon"?

Wall Street's "Secret Weapon"? - Ad

Wall Street insiders are eyeing a newly listed NYSE-A IPO that is taking on a $63B opportunity. Primed to reduce Brazil's dependence on foreign potash, this stock is poised for gains.

Bitcoin, Ethereum, Dogecoin Rise As 'Greed' Sentiment Takes Over: Top Analyst Says Breaking This Resistance Level Could Be 'Pivotal' For BTC

Leading cryptocurrencies gained on Sunday as investors set aside concerns that monetary easing policies will be impacted due to the blowout jobs report.

Elon Musk Sued By SEC For Allegedly Hiding Twitter Stake That Allowed Him To Buy Stock At Artificially Low Prices

The SEC has sued Elon Musk for allegedly failing to disclose his Twitter stake in a timely manner, allowing him to buy shares at artificially low prices and underpay investors by over $150 million.

How to Ride America's $1 Trillion Robot Revolution

How to Ride America's $1 Trillion Robot Revolution - Ad

Like computers before them, robots are evolving at lightning speed, transforming the world, and creating a wave of new millionaires. As Bill Gates says, the uses for robots will be "almost limitless." That's why he's pouring millions into this new technology. Now you can join him in tapping this unstoppable trend for 5, 10, even 15 times your money -- maybe a whole lot more...

Biden administration cancels loans for 260,000 former Ashford University students

WASHINGTON (AP) — More than 260,000 former students of the now-defunct for-profit Ashford University are getting their erased as the Biden administration presses ahead with in its final days.

American Express agrees to pay more than $138M to resolve investigation into sales and marketing

NEW YORK (AP) — American Express has agreed to pay more than $138 million to resolve a wire fraud investigation related to its sales and marketing practices, federal authorities announced Thursday.

January 20th - The Biggest Crypto Event in History

January 20th - The Biggest Crypto Event in History - Ad

According to the man who called every major market top and bottom for the last 29 years... A single event triggering on January 20th will send the crypto market soaring. But what's more exciting... is that this event could send a small sector of the crypto market soaring 5X, 25X, and even 100X higher in just days.

Mark Zuckerberg Backs Nvidia CEO Jensen Huang's View On Quantum Computing: 'It's Still Quite A Ways Off'

Mark Zuckerberg aligned with Jensen Huang's cautious outlook on quantum computing, suggesting the technology remains years away.

B2Gold Meets 2024 Guidance, Cuts Dividend To Fuel Growth Plans

B2Gold Corp (BTG) expects higher production in 2025 with new projects and agreements in place, despite challenges in Mali and a dividend cut.

Bill Gates Is Betting Big on This New Technology

Bill Gates Is Betting Big on This New Technology - Ad

Bill Gates is betting the house on a new tech bound to make investors millions. He says the potential uses for it are "almost limitless." And he believes it is so revolutionary that soon we'll see one in every home. This is tech's next megatrend.

Philadelphia mayor announces new plan to keep 76ers arena in South Philadelphia, pursue WNBA team

PHILADELPHIA (AP) — The Philadelphia 76ers will partner with Comcast Spectacor, their current landlord, to build a new arena in South Philadelphia and with the city to move downtown.

Analyst Warns of Bitcoin's Uncertain Future Amid Key Support Breakdown: 'It Could Get Ugly'

A prominent cryptocurrency analyst has raised concerns about Bitcoin‘s (CRYPTO: BTC) potential downfall if it fails to maintain a significant support level.

Retirement Planning for 2025 -- Act Now!

Retirement Planning for 2025 -- Act Now! - Ad

Make sure your retirement strategy is in place before 2025 rolls in. Let Datalign Advisory help you take charge of your financial future and get your ducks in a row before the year's end.

Question on ASEAN stumped Hegseth at Senate hearing. What is it and why is it important?

BANGKOK (AP) — Sen. Tammy Duckworth, grilling President-elect choice for defense secretary over whether he had the “breadth and depth of knowledge” needed to lead international negotiations, asked if could name one member of the , describe what type of agreement the U.S. had with the countries and how many nations were in the bloc.

Biden issues directive allowing Cyprus to buy American arms from the US government

NICOSIA, Cyprus (AP) — President Joe Biden issued a directive Wednesday that allows to buy arms from the U.S. government and get surplus American military equipment in a move welcomed as promoting stability in the eastern Mediterranean.

Bitcoin Hits $106K: Trump's Next Move Could Trigger $200K

Bitcoin Hits $106K: Trump's Next Move Could Trigger $200K - Ad

This rally is no accident -- it's part of Trump's bold vision to make America the "Bitcoin Superpower." Central to Trump's plan is the creation of a National Bitcoin Reserve -- a move that could make the U.S. one of the largest Bitcoin buyers in history, creating massive upward pressure on Bitcoin's price.

Kohl's to close 27 stores by April as struggling retailer looks to improve profits, sales

NEW YORK (AP) — Kohl’s said Friday it was closing 27 underperforming stores in 15 states by April — a fraction of its 1,150 store base — as the struggling department store aims to boost profitability and improve sagging sales.

$125 Million Home of Luminar CEO Gutted in LA Wildfires After Week of Gains for Company

The most expensive home in California's Pacific Palisades, owned by Luminar Technologies CEO Austin Russell, has been ravaged by the ongoing Los Angeles wildfires.

The iGaming Underdog Set to Shine

The iGaming Underdog Set to Shine - Ad

This company's premium casino strategy is crushing the competition. Tight share structure, explosive growth, and major market catalysts make this stock a hidden gem in iGaming.

AMD Shares Hint At A Reversal As Charts Show Bullish Stick Sandwich Following A Double Downgrade From HSBC

Shares of Advance Micro Devices are poised for a reversal as its candlesticks show a rare pattern despite a double downgrade from HSBC.

Thailand's Cabinet approves a draft bill to legalize casinos to boost tourism and economy

BANGKOK (AP) — Cabinet approved on Monday a draft bill legalizing casinos with the aim of boosting tourism and a sluggish economy

270x More Lucrative Than NVIDIA?

270x More Lucrative Than NVIDIA? - Ad

If you've missed out on NVIDIA's recent 1,600% run... Don't worry. Because there's one AI stock that could be a lot more lucrative. It's currently trading for only $20.

Teladoc Stock Gains As Amazon Partnership Fuels Push for Consumer-Centric Healthcare

Teladoc Health (NYSE: TDOC) partners with Amazon (NASDAQ: AMZN) to expand access to its chronic condition management programs.

Trending Now

The IPO Turning Heads - Ad

How Biden's domestic policy record stacks up against public perception

153 winners of Nobel and World Food prizes seek new ways to grow food to meet surging global need

Elon Musk's Final Move - Ad

Jamie Dimon Calls Elon Musk 'An Extraordinary Talent' -- JP Morgan CEO Shares Why Trump's Election Victory Didn't Surprise Him

Bitcoin, Ethereum, And Dogecoin Rebound Sharply On Lighter Inflation Data: Top Trader Says Despite Expectations For Bull Market To Be Over, It's An Ideal Climate For Altcoins.