Dogecoin Whale Alert has informed through its Twitter handle that Robinhood has two wallets, which contain Dogecoin worth $6 billion in the names of its customers. For those who don’t know, Dodgecoin Whale Alert works on the Dodge blockchain to analyze real-time transactions and track token transfers. Robinhood wallet333495 has six addresses holding Dogecoin, with the DBs4WcRE7eysKwRxHNX88XZVCQ9M6QSUSz string holding over 30 billion DOGEs, the value of which is equivalent to $4 billion, which could account for 22.9% of the total supply in circulation.
#Robinhood‘s two known wallets—3334959 & 1699275—use eight known addresses. The total combined amount of #dogecoin held by RH on behalf of its investors is:
41,829,475,750 $DOGE
$5,823,039,490 USD
31.53% of the circulating supplyhttps://t.co/iWz81VqfEE— ogecoin Whale Alert (@DogeWhaleAlert) March 27, 2022
At the same time, the second wallet wallet1699275 maintains two addresses, in which about 1% of the total supply is kept.
Data shows that both Robinhood wallets hold 42,000,000,000,000 DOGE, which is 31.5% of the total supply, with a total value of approximately $6.28 billion.
Dogecoin currently has a total circulating supply of 132,670,764,299. Data on the Dogecoin Whale Alert website shows that with a fix issuance rate of 5 billion, DOGE’s total supply will exceed 225 billion in the coming 20 years.
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