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

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

Brazil's Potash Powerhouse? - Ad

AI-Powered Cameras + Smart Glass = A Potential Nasdaq Sleeper - Ad

Leading cryptocurrencies charged higher Tuesday amid softer-than-expected wholesale inflation data.

South Korean President Yoon Suk Yeol Arrested â€” KOSPI Edges Higher Despite Political Upheaval, Won Stable

South Korean markets showed resilience Wednesday as President Yoon Suk Yeol was taken into custody, with the benchmark KOSPI rising 0.40% to 2,507.35 amid heightened political uncertainty.

"America's Final Invention"

"America's Final Invention" - Ad

An invention far beyond our current technology -- even artificial intelligence -- could go live any day now. When it launches, the world economy could accelerate by as much as 250 times its normal rate. But it could also send millions of Americans into poverty.

India's navy launches submarine, warships to guard against China's presence in Indian Ocean

MUMBAI, India (AP) — India's navy on Wednesday simultaneously launched a submarine, a destroyer and a frigate built at a state-run shipyard, underscoring the importance of protecting the Indian Ocean region through which 95% of the country's trade moves amid a strong Chinese presence.

Marjorie Taylor Greene Went Christmas Shopping For Stocks, Here's What She Bought Before Holiday

Marjorie Taylor Greene spent part of Christmas Eve buying stocks according to recent disclosures. Here's what she bought.

Is Bill Gates Missing the Big Picture?

Is Bill Gates Missing the Big Picture? - Ad

Bill Gates calls it: "The most transformative technology any of us will see in our lifetimes." Eric Fry agrees, saying it's far more advanced than anything today... including AI. But he also warns it could send millions of Americans into poverty.

XRP Market Value Could Skyrocket 5X If This Trading Pattern Completes, Says Veteran Trader Peter Brandt

Legendary trader Peter Brandt predicted a possible $500 billion market cap for payments-focused cryptocurrency XRP (CRYPTO: XRP) on Monday if certain trading patterns come to fruition.

Siri, Alexa And Google Assistant May Become A Thing Of The Past Thanks To ChatGPT Tasks â€” Here's How To Use The New Feature

OpenAI's introduction of the "Tasks" feature for ChatGPT positions it as a strong competitor to virtual assistants like Alexa, Siri, and Google Assistant by enabling users to schedule and manage tasks with natural language prompts.

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.

Plan for stricter lobster fishing rules scrapped amid strong opposition from lobstermen

PORTLAND, Maine (AP) — Fishing regulators on Friday scrapped a plan for stricter fishing rules amid concerns about a decline in baby lobsters in the warming waters off New England.

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.

The IPO Turning Heads

The IPO Turning Heads - Ad

A groundbreaking IPO has hit the NYSE-A, targeting a $60B market. This company's mission to produce up to 2.4 million tons of potash annually could supply 20% of Brazil's current potash needs. It's a rare chance to explore this IPO opportunity while it's still fresh.

Mark Zuckerberg Says Biden Officials Berated Meta Staff As They Refused To Remove 'True' Content: 'It Just Got To This Point...That's Ridiculous'

Zuckerberg has admitted that officials from the Biden administration have been exerting pressure on Meta staff to remove specific content.

US inflation likely remained sticky-high last month, threatening interest rate cuts

WASHINGTON (AP) — U.S. inflation probably worsened last month on the back of higher prices for gas, , and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much this year.

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.

Shortage leaves Dunkin' stores in Nebraska without any doughnuts

OMAHA, Neb. (AP) — Dunkin' dropped the “Donuts” from its brand name years ago. Now — at least across much of Nebraska — it doesn’t have doughnuts on the shelves either.

Honda Civic hybrid, Ford Ranger and Volkswagen ID. Buzz win 2025 North American vehicle awards

DETROIT (AP) — The Honda Civic hybrid won the 2025 North American Car of the Year award, while the Ford Ranger took the crown for the truck honors, and Volkswagen ID. Buzz won the utility award.

Shocker: Trump's 1st Day Could Change Everything

Shocker: Trump's 1st Day Could Change Everything - Ad

Legendary investor Louis Navellier, who correctly predicted Trump's win... Believes this "day-one" Trump move is about to create a rare opportunity for everyday Americans like you to turn a small stake into real wealth in the stock market. But hurry...

Stock Of The Day: Is Walgreens Breaking Out?

Shares of Walgreens (WBA) are trading higher on an earnings beat. They may be breaking the resistance around the $11 level.

Nippon, US Steel file suit after Biden administration blocks $15 billion deal

WASHINGTON (AP) — Nippon Steel and U.S. Steel filed a federal lawsuit challenging the Biden administration's a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel..

Our No. 1 Way to Profit From Crypto Boom (Under $1)

Our No. 1 Way to Profit From Crypto Boom (Under $1) - Ad

Many of the world's best and richest investors are piling their money into the same trade: Bitcoin. Including legendary hedge-fund manager Paul Tudor Jones, entrepreneur Elon Musk, and venture capitalist Tim Draper. But that pales in comparison to another huge investor (worth more than all the world's billionaires combined) we believe is about to start piling into Bitcoin next. Click here for the full story.

Moldovans grapple with outages as energy crisis grips pro-Russia region

COPANCA, Moldova (AP) — Every time planned electrical outages are imposed on his village in southern Moldova, 73-year-old retiree Vasili Donici passes the time solving crosswords and puzzles in a room he illuminates using a small gas lamp.

Steve Bannon Targets Elon Musk, Pledges To Expel Him From MAGA Movement: 'He Is a Truly Evil Guy'

Steve Bannon fiercely criticized Elon Musk, calling him "truly evil" and vowing to expel Musk from the MAGA movement.

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

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

A new technology is taking the world by storm, transforming lives, and making early investors incredibly rich. In the following video, I'll show you four stocks with absolutely explosive upside potential and the ability to turn every dollar you invest into life-changing returns.

Puerto Rico natural resources chief shelves investigation targeting governor's in-laws

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s new natural resources secretary has shelved an investigation into allegations of illegal construction in a protected area on the island’s southwest coast, sparking an outcry.

Trump vs. Newsom: Wildfire War Escalates as California Faces Destruction

As California grapples with devastating wildfires, tensions between Gov. Newsom and President-elect Trump have reached new heights.

The Most Disruptive Technology in Human History

The Most Disruptive Technology in Human History - Ad

A brand new technology is lining up to be more disruptive than the internet or even today's most advanced artificial intelligence. Those who prepare now could see massive stock gains. Those who don't could find themselves on the wrong side of history.

Exxon Mobil Corp. sues California attorney general for defamation over plastic recycling claims

SAN FRANCISCO (AP) — Exxon Mobil Corp. filed a federal defamation lawsuit against California Attorney General Rob Bonta and several environmental groups, months after Bonta sued the oil and gas giant alleging that it deceived the public for half a century by promising the plastics it produced would be recycled.

Busy holiday travel season fuels big fourth quarter for Delta

Delta Air Lines topped profit and revenue expectations in the fourth quarter on strong demand during the crucial holiday period.

Trump's next move could be the catalyst that triggers Bitcoin's next BIG breakout

Trump's next move could be the catalyst that triggers Bitcoin's next BIG breakout - Ad

But here's why I'm not buying Bitcoin directly: It's VERY expensive. Instead, I've found a better way to profit -- without touching any coins, ETFs, or digital wallets. This little-known $25 investment is accessible through your regular brokerage account. It's already up over 10% since Trump's victory, and it's just getting started.

Top 3 Industrials Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.

Microsoft Highlights 6 AI Trends For 2025

Microsoft Corp. listed six AI trends in a December 2024 blog post that it expects to shine in 2025. Here's a look at what one of the most influential AI hyperscalers sees in the year ahead.

The High Roller of iGaming Stocks

The High Roller of iGaming Stocks - Ad

Targeting high-margin players with 60% revenue growth and cutting-edge technology, this stock is a standout in iGaming. Opportunities like this are rare--Get the symbol here the crowd catches on.

Nvidia's AI Leadership Shines While ON Semiconductor Faces Demand Slump: Analyst

Analyst William Stein reports on CES 2025, highlighting strong AI infrastructure spending, benefiting Nvidia and increasing target for Analog Devices.

The 'Worst in Show' CES products put your data at risk and cause waste, privacy advocates say

LAS VEGAS (AP) — So much of the technology showcased at CES includes gadgets made to improve consumers' lives — whether by leveraging AI to make devices that help people become more efficient, by creating companions to cure loneliness or by providing tools that help people with mental and physical health.

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.

TSMC Analyst Sees AI, Advanced Nodes Driving Growth In 2025

Goldman Sachs analyst maintains Buy rating on Taiwan Semiconductor, with $254 price target. Expect solid revenue growth, less competition, and potential acceleration of US expansion plans.

Jim Cramer Works 'Sunday Brainstorm' On Buying Palantir And Tesla Stock, Calls Them 'Protective Intellectual Blankets'

Jim Cramer indicated potential interest in Tesla Inc. and Palantir Technologies Inc. on Sunday, citing their "protective intellectual blankets" as key attractors for his investing club portfolio.

If you walked by this guy on the street, you would not think "millionaire"

If you walked by this guy on the street, you would not think "millionaire" - Ad

You would probably think "accountant" or "average cubicle guy." Actually, he was a lawyer until he unlocked this secret that made him $5 million. How does he do it? We'll warn you... it's about as exciting as a ham sandwich. But it's turning regular readers into 6-figure income machines.

Latest NFL season highlights financial risks for sports betting companies when so many favorites win

NEW YORK (AP) — It’s been a tough football season for sports books.

Trending Now