The largest Dogecoin whale moved over 165 million DOGE tokens this weekend. Several whales reeled in large amounts of DOGE tokens as sentiment turned positive due to zero-rate trading platform Robinhood announcing Dogecoin support for its recently released wallet. As a result, the price of Dogecoin (DOGE) is up 5% to hit a day high of $0.0928 on Monday.

Dogecoin Whales Move Over 500 Million DOGE Tokens

According to Dogecoin Whale Alert, whales have taken in more than 500 million Dogecoin in the past two days. The largest holder of Dogecoin (DOGE) tokens also participated in the whale accumulation, racking up nearly 165 million DOGE tokens.

Another top 20 whale moved 150 million DOGE tokens worth over $13 million in the last 24 hours. The move comes after Robinhood announced Dogecoin support for its recently launched self-custody “Robinhood Wallet” app. After the initial rollout to 10,000 users in September, Robinhood will provide the wallet to more than one million users on the waiting list.

Wallet addresses linked to Robinhood have the largest amount of DOGE tokens. Robin hood wallet “DPDLBA” is the largest holder of Dogecoin, holding almost 25.21% of the total supply. The wallet address contains 34.76 billion DOGE worth $3.1 billion. The second largest holder of Dogecoin has 7.08 billion DOGE, which is 5.14% of the total supply. So there is a huge difference between the two largest holders.

Whale statistics reported that Dogecoin is in the top 10 purchased tokens of the 100 largest BSC whales in the past 24 hours. In addition, the accumulation of Dogecoin whales was also reported in the top 500 largest BSC whales.

DOGE price increases 5%

The price of Dogecoin (DOGE) is up nearly 5% in the past 24 hours, with the price currently trading at USD 0.0898. The 24-hour low and high are at $0.0853 and $0.0928, respectively. In addition, the trading volume has increased by more than 100% in the past 24 hours, indicating an increase in interest.

Social sentiment and technical indicators point to a slight upward move towards USD 0.095 in the coming days. However, a big move above $0.1 is difficult in the current market conditions.

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Varinder is a technical writer and editor, technology enthusiast and analytical thinker. Fascinated by disruptive technologies, he has shared his knowledge about Blockchain, Cryptocurrencies, Artificial Intelligence and the Internet of Things. He has been associated with the blockchain and cryptocurrency industry for quite some time and is currently covering all the latest updates and developments in the crypto industry.

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