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Cryptoknowmics 2022-06-25 04:18:09

600 Million DOGE Sent to Robinhood Anonymously

Four tweets from the DOGE above tracker show that 600 million Dogecoins have been sent from wallets with the designation “anonymous.” Three of them transferred 100,000,000 meme coins, while the other two each moved 299,000,000 DOGE. As a result, a top 20 wallet received the first chunk of 299 million. Robinhood, a well-known trading app, received half of those. The tracker has also disclosed the amount that DOGE Robinhood currently holds overall. Four significant Dogecoin lumps were pushed by anonymous wallets, according to the DogeWhaleAlert transaction tracker. The remaining Dogecoin was transmitted to the Robinhood platform, enabling users to trade equities and cryptocurrencies, including Shiba Inu, Dogecoin, Ethereum, and Bitcoin. Internally, Robinhood performed these transfers. Here, fees ranged from 2 to 10 DOGE, or $0.13 and $0.63. This is significantly less expensive than any bank or conventional financial institution that handles money transfers and remittances. Billy Markus Concerned About Wall Street Repackage Meme Coin The developer of DOGE is concerned that Wall Street would repackage meme coins, Billy Markus, an IT engineer and Dogecoin co-creator who left the project a few years after it launched but continues to follow its development, sarcastically tweeted earlier this week that DOGE might flourish where Bitcoin has failed. He clarified that he meant a Dogecoin-based ETF because the U.S. SEC has severely rejec...

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