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Massive Transfer of Meme Coins to Robinhood Exchange
Whale Alert recently reported a significant transfer of meme coins, including a whopping 300 million Dogecoin, to the Robinhood exchange. This event occurred just as the price of Dogecoin was gearing up for a potential surge.
Details of the Transfer
The transfer involved a staggering 300,000,000 DOGE from an undisclosed wallet to Robinhood, a popular trading platform that offers both cryptocurrencies and traditional stocks for investment purposes.
The total value of the meme coins in question amounted to $47,921,394, but this number could potentially be higher. In addition to the 300 million DOGE that went to Robinhood, another undisclosed wallet received 129,693,892 DOGE, bringing its total Dogecoin holdings to 1,733,699,458.
Other Meme Coin Transactions
Following the DOGE transfer, another significant transaction involving a different meme cryptocurrency took place. This cryptocurrency, the second largest by market capitalization after DOGE, is known as SHIBA INU.
Whale Alert reported a transfer of 3,000,000,000,000 SHIB, equivalent to $79,947,000 in fiat currency, from one undisclosed wallet to another. Etherscan data revealed that the receiving address belonged to Robinhood, mirroring the Dogecoin transfer.
According to U.Today, a major player recently purchased a substantial amount of meme coins, specifically 237.8 billion SHIBA INU, which were then transferred to an inactive wallet. This transaction, totaling $6,290,435, occurred shortly after the SHIBA INU team announced they had secured $12 million in funding to develop a layer 3 solution on top of Shiberium.
This new L3 blockchain platform aims to enhance privacy and security features for transactions and user data within the SHIBA INU ecosystem, signaling a significant development in the meme coin space.
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