$30M in Dogecoin Transferred to Robinhood Amid Price Spike

A massive Dogecoin (DOGE) transaction worth over $30 million has been detected by blockchain tracking platform Whale Alert. According to the alert, 155 million DOGE—valued at approximately $30,064,203—was moved from an anonymous wallet to the crypto-friendly trading platform Robinhood, suggesting a possible selloff by a major whale.

The transfer occurred roughly ten hours ago and coincided with a 4.6% surge in Dogecoin’s price. DOGE jumped from $0.18674 to $0.19535, printing a notable green candle on the hourly chart. Since then, the price has slightly corrected to $0.19039, reflecting a 2.23% dip.

This whale movement comes at a time of growing attention around Dogecoin. Recently, the number of DOGE holders surged to a record 7.97 million, placing it as the third-most held cryptocurrency, trailing only Ethereum (148.38 million holders) and Bitcoin (55.39 million). XRP follows closely with 6.53 million holders.

Large transfers to exchanges like Robinhood often indicate potential selling pressure, which can influence short-term price action. Traders and investors are now watching closely to see if this DOGE whale intends to liquidate the holdings or simply reposition assets.

As meme coins like Dogecoin continue to ride market momentum, on-chain activity and wallet movements remain key indicators for price speculation. DOGE remains a top meme-based crypto asset, often influenced by retail sentiment and social media hype. The current price moves reflect typical volatility associated with large holder activity and investor reactions to market news.

With the increasing holder base and whale transactions heating up, Dogecoin remains in focus for both traders and long-term crypto watchers.