How Did Dogecoin React to 90 Million Tokens Exiting Robinhood?
The Dogecoin [DOGE] market witnessed the movement of 90 million DOGE tokens valued at $14.2 million. This exorbitant amount was withdrawn from Robinhood early Friday. Whale Alert, a prominent blockchain tracker shed light on this transaction. This noteworthy transaction has drawn significant attention from the crypto community. At press time, Dogecoin’s price has seen a modest rise of 1% and is now trading at $0.1599. Earlier today, it reached a 24-hour high of $0.1645. Over the past month, the asset has risen nearly 12%, signaling increased investor interest. Despite today’s uptick, the meme coin noted a 3% drop earlier before recouping some losses. Source Also Read: Shiba Inu or Dogecoin: Which Meme Coin Will Soar Higher This June? Robinhood’s Influence on Dogecoin Robinhood, a commission-free investment app, has played a crucial role in Dogecoin’s history since it began supporting the cryptocurrency in 2018. The platform’s dominance ...