155,000,000 DOGE Stuns Robinhood — What's Going On?

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Whale Alert, the well-known blockchain tracker that monitors significant cryptocurrency movements, has identified a substantial Dogecoin transaction valued at $30,064,203.

In this transaction, 155,000,000 DOGE were transferred to Robinhood, a popular trading platform offering both stocks and cryptocurrencies. The transfer originated from an anonymous cryptocurrency wallet, suggesting a large holder may be preparing to sell their considerable DOGE holdings on the platform.

? ? 155,000,000 #DOGE (30,064,203 USD) transferred from unknown wallet to #Robinhood— Whale Alert (@whale_alert) June 9, 2025

The transaction occurred approximately 10 hours prior to this report. Interestingly, it coincided with a 4.6% increase in the price of Dogecoin. During that time, DOGE experienced a notable surge on the hourly chart, climbing from $0.18674 to $0.19535. Currently, Dogecoin has retraced slightly and is trading at $0.19039, reflecting a 2.23% decrease.

In related news, Dogecoin, the leading meme cryptocurrency, has reached a new milestone with 7.97 million holders. According to a recent post on X by Santiment, a prominent on-chain data aggregator, DOGE ranks third in holder count, following Ethereum (148.38 million holders) and Bitcoin (55.39 million holders). XRP occupies the fifth position on the list with 6.53 million holders. Read original article on U.Today