Robinhood Holds Almost One-Third Of Dogecoin In Circulation

According to a recent tweet from @DogeWhaleAlert, brokerage app Robinhood Markets Inc (NASDAQ: HOOD) is in possession of 32 percent of the total Dogecoin (CRYPTO: DOGE) in the market. 

Robinhood holds 42,436,664,891 of Dogecoin which is worth of $5,398,537,887.

#Robinhood's two known wallets—3334959 & 1699275—use eight known addresses, and the total combined amount of #Dogecoin held by RH on behalf of its investors is:

42,436,664,891 $DOGE
$5,398,537,887 USD
31.99% of the circulating supplyhttps://t.co/iWz81VqfEE

— Ðogecoin Whale Alert (@DogeWhaleAlert) February 26, 2022

Earlier in Feb, DogeWhaleAlert reported that Dogecoin whales moved more than 800 million DOGE worth roughly around $54.20 million.

According to the report, one transaction carried 400,781,942 DOGE (the equivalent of $49,996,746). The other two moved roughly 205 million DOGE each, and were each worth $25,495,252.

Billy Markus tweeted a change.org petition titled “Add Dogecoin Wallet Support to Tipping Feature on Twitter” on Thursday.

dearest @Twitter,

please add #dogecoin to the Twitter tip jar options, it just makes too much sense - the OG tipping cryptocurrency on the internet belongs there #DogeTwitterTipJar

everyone else can sign the petition: https://t.co/rvknI6lJzp

5000+ shibes strong and counting! pic.twitter.com/HEZs3VytAT

— Shibetoshi Nakamoto (@BillyM2k) February 22, 2022

Markus also shared data from 2014 that indicated approximately 77 million DOGE were tipped on Reddit tip bot.

Related Link: If You Invested $100 In Bitcoin, Ethereum, Dogecoin And Shiba Inu On Jan. 1, 2021, Here's How Much You'd Have Now