Dogecoin Stored by Robinhood as DOGE Is up 6.3%: According to data provided by @DogeWhaleAlert, the popular trading app, Robinhood continues to hold a whopping 33,562,118,379 Dogecoins.
Dogecoin Stored by Robinhood as DOGE Is up 6.3%
Dogecoin Stored by Robinhood as DOGE Is up 6.3%: This amount of meme tokens so favored by the crypto community is equal to $2,206,373,662. This is a tiny bit less than the company held a week ago. The current total combined amount of #Dogecoin held by @RobinhoodApp 🪶 on behalf of its investors is:
- 33,562,118,379 $DOGE
- $2,206,373,662 USD
- 24.23% of the circulating supplyhttps://t.co/iWz81VqfEE
- Ðogecoin Whale Alert (@DogeWhaleAlert) March 12, 2023
This also constitutes 24.23% of the DOGE supply in circulation, according to the tweet.
Dogecoin Stored by Robinhood as DOGE Is up 6.3%: In the meantime, the above-mentioned tracker of DOGE transactions shared that staggering amounts of this meme coin were sent to Binance with the participation of a top 20 wallet. A total of 31,499,993 Dogecoin was sent from one anonymous wallet to another. That DOGE chunk was worth $2,197,660. Slightly more than 15.5 million Dogecoins were transferred to the Binance exchange from unknown multiple wallets.
Finally, 14,999,980 DOGE worth slightly under $1 million got moved from a top 20 wallet to an anonymous address. The overall worth of all these meme coins comprises approximately $4.3 million. In the meantime, Dogecoin is showing signs of price revival. Over the past 24 hours, it has risen over 6%, and it is up 1.72% over the past hour. At the moment, the original meme coin is changing hands at $0.07051, according to CoinMarketCap.
Robinhood’s Crypto Business Under Fire from SEC
Dogecoin Stored by Robinhood as DOGE Is up 6.3%: The subpoena comes after a turbulent year in the cryptocurrency market, with several major trading venues and lending platforms filing for bankruptcy, including FTX and Three Arrows Capital. Robinhood’s stock price was also impacted in November 2022, falling by 18% on the day that FTX halted all non-fiat customer withdrawals from its platform.
Robinhood’s policies and procedures are designed to assess the likelihood that a particular cryptocurrency could be deemed a security under applicable laws. However, the company has stated that these assessments are not definitive legal determinations, leaving the company vulnerable to legal or regulatory action if a cryptocurrency supported by its platform is determined to be a security under U.S. law.
Robinhood Wallet is Now Available on iOS Globally
Dogecoin Stored by Robinhood as DOGE Is up 6.3%: Robinhood Wallet has made notable changes based on users’ feedback since it was released in beta form in September. The wallet allows users to exchange cryptocurrencies and tokens on Polygon without incurring network fees. It also facilitates the exploration of the decentralized finance (DeFi) space as well as Web3, letting users connect to their preferred decentralized applications (dApps). The wallet now supports more than 50 tokens, including well-known cryptocurrencies like SHIB, SOL, and MATIC.