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Famend cryptocurrency monitoring platform Whale Alert, which traces giant crypto transactions and shares their particulars on the X social media app (previously broadly often known as Twitter) has introduced that greater than 100 million Dogecoin has been deposited to a well-liked funding platform Robinhood.
On Friday, a barely smaller quantity of DOGE was moved to the identical platform, in keeping with the aforementioned tracker, which makes it roughly 200 million DOGE despatched to Robinhood throughout the final two days.
200 million DOGE deposited to Robinhood, Elon Musk suspected
Tweets revealed by the tracker present two huge quantities of crypto that have been transferred by nameless digital pockets homeowners to the brokerage platform Robinhood throughout the final 48 hours – 118,402,438 DOGE evaluated at $19,752,398 and 86,000,000 DOGE value $14,123,854. Thus, greater than $33.8 million value of the unique meme cryptocurrency has been moved to Robinhood with a probable objective of promoting these meme cash.
Elon— The Crypto Monster 🍪🍪 (@MonstersCoins) March 15, 2024
Within the remark thread beneath the most recent switch customers started to make guesses as to who may have initiated these transactions. Two X customers named the largest Dogecoin fan Elon Musk, relatively jokingly assuming that it might be him who transferred these funds to the buying and selling platform.
Elon vangcad— dr. H . Arief Al Habsy (@AriefAlhabsy18) March 15, 2024
Elon Musk teases potential DOGE funds for Tesla
In a exceptional improvement, this week throughout his speech on the Tesla Giga Occasion in Berlin, centibillinaire and chief government of Tesla (and proprietor of X) Elon Musk was requested if Tesla plans on rolling out DOGE funds for its electrical cars.
Musk revealed that in some unspecified time in the future sooner or later they’re doubtless to do this. He once more reminded the neighborhood that he believes DOGE to be individuals’s foreign money, since many common Tesla employees usually ask Musk to help Dogecoin relatively than BTC. Musk says that for him this can be a ample proof that he ought to present public help to this meme cryptocurrency. Bitcoin, he stated, is owned by wealthy individuals, whereas DOGE remains to be inexpensive to common employees.
That assertion made by Musk triggered a giant Dogecoin enhance of just about 17%, which occurred between Wednesday and Thursday. Nonetheless, a serious decline adopted, as usually occurs when Musk pumps DOGE, and by now the meme coin’s worth has dropped by 15%, buying and selling at $0.1621.
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