200 Million DOGE in 24 Hours – What's Happening?

Blockchain tracking platform Whale Alert, which tracks down large cryptocurrency transfers, has spotted an astounding Dogecoin transaction made by an anonymous whale from a popular investment and trading app.

This weekend has been rich in large meme coin transfers with roughly 1.6 trillion Shiba Inu tokens moved a day earlier.

That huge $DOGE transfer sent ripples through the crypto community as mixed reactions to it began to emerge on the X platform.

200 million $DOGE taken off Robinhood amid 13% price surge

The above-mentioned data source shared that a cryptocurrency whale made a stunning withdrawal of 200,000,000 $DOGE worth $45,746,453 from the popular trading platform Robinhood.

The funds were sent to an unknown blockchain wallet -1pMke which currently contains 30,237,003,292 Dogecoin valued at $6,891,315,420, according to details obtained from Blockchair.

Earlier this week, popular cryptocurrency analyst Ali Martinez shared on X that on the lower time frames the original meme crypto Dogecoin was consolidating within a descending triangle pattern. He stated that after breaking above the $0.198 resistance level $DOGE had high chances of showing a 10% rise and thus reaching $0.220.

He also pointed out that should their be a sustained close above the $0.20 level, $DOGE could see a parabolic bull run.

Over the last 24 hours, Dogecoin staged a massive rise of 13.28%, reaching $0.23200. As of this writing, it is changing hands slightly lower – at $0.22955.

1.6 trillion $SHIB transfer sent to Coinbase

Two days earlier, Whale Alert detected three consecutive meme coin transfers to the largest US-based crypto exchange Coinbase. This time it was not $DOGE, but another popular meme cryptocurrency Shiba Inu.

Curiously, each transaction carried 558,613,706,983 $SHIB, making it roughly 1.6 trillion $SHIB in total worth $31.23 million in fiat.

An anonymous whale stands behind all the three transactions, according Whale Alert. Meanwhile, over the last 24 hours, the second largest meme cryptocurrency $SHIB skyrocketed by almost 21%, extending its earlier growth from $0.00001909 to the $0.00002309 peak. By now, after a small rebound $SHIB is trading at $0.00002262 per coin.