Dogecoin

<ul class="wp-block-list news-points"> 
 <li>Dogecoin dropped 22% in the last 24 hours amid a broader market crash.</li> 
 <li>A whale moved 177K DOGE tokens worth $11 million to Robinhood.</li> 
 <li>Robinhood implemented a 24-hour trading halt for stocks and crypto.</li> 
</ul> 
Dogecoin (DOGE), the world’s largest meme coin by market capitalization and one of the best performing digital assets in the 2021 crypto market bull run, has been relatively quiet during the current cycle and it seems that investors are losing faith in the altcoin. As per Whale Alert, 117,528,741 DOGE tokens (worth $11 million) were transferred to crypto trading platform Robinhood, a bearish event. 
According to <a href="https://x.com/whale_alert/status/1820276749613081016" target="_blank" rel="nofollow">Whale Alert’s post</a> on X (formerly Twitter), the 117K DOGE tokens were transferred to Robinhood on August 5th at 01:52:43 UTC with a 3.156 DOGE ($0.29) fee. Such a large transfer to a centralized exchange like Robinhood often suggests an impending sale, as the holder may be looking to dump their holdings amidst a bearish market. 
On the other hand, Robinhood temporarily halted trading for 24 hours after the crypto market volatility and pre-market fluctuations in U.S. stocks. However, the DOGE transfer occurred prior to this halt and it is expected tha…
The post <a href="https://coinedition.com/whale-moves-11m-worth-doge-to-robinhood-amid-24-hour-trading-halt/">Whale Moves $11M Worth DOGE to Robinhood Amid 24-Hour Trading Halt</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Whale Moves $11M Worth DOGE to Robinhood Amid 24-Hour Trading Halt

Coin Edition

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