{"id":517222,"date":"2023-01-24T02:16:37","date_gmt":"2023-01-24T07:16:37","guid":{"rendered":"https:\/\/uniquehot.com\/?p=517222"},"modified":"2024-06-11T14:33:08","modified_gmt":"2024-06-11T14:33:08","slug":"whales-bag-500m-dogecoin","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/whales-bag-500m-dogecoin\/","title":{"rendered":"Whales Bag 500 Million Dogecoin &#8211; Will DOGE Hit $0.1 Mark?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Meme coin forerunner, Dogecoin, opens the week with a new rally amid Robinhood&#8217;s support. Reports reveal that several whales jumped on the positive market sentiment to accumulate massive amounts of DOGE, triggering a 5% rally in the last day.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <\/span><a href=\"https:\/\/twitter.com\/DogeWhaleAlert\/status\/75669249\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">WhaleAlert,<\/span><\/a><span style=\"font-weight: 400\"> Whales packed more than 500 million Dogecoin over the past two days. The tracker revealed that the largest holder of Dogecoin also partook in the accumulation and bagged almost 165 million DOGE coins. <\/span><\/p>\n<p><span style=\"font-weight: 400\">In addition, a top 20 whale also transferred 150 million Dogecoin tokens worth more than $13 million in the past 24 hours.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-could-see-30-rally\/\" target=\"_blank\" rel=\"noopener \">Crypto Analyst Says Bitcoin Price Could See Another 30% Rally<\/a><\/div>\n<h2>Robinhood Plans To Add Support For Dogecoin<\/h2>\n<p><span style=\"font-weight: 400\">Robinhood Market is very influential both in the financial and crypto markets. The zone-free trading platform gave initial rollouts of its new wallet to 10,000 users in September 2022. The mobile wallet application would allow users to trade and send cryptocurrencies and NFTs.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to the <\/span><a href=\"https:\/\/twitter.com\/JohannKerbrat\/status\/84007427\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">announcement<\/span><\/a><span style=\"font-weight: 400\">, the wallet would be available to over 1 million waiting users. But the wallets didn\u2019t appear with initial support for DOGE, raising concerns among the meme coin community. However, the Robinhood platform <\/span><a href=\"https:\/\/twitter.com\/RobinhoodApp\/status\/86411265\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">assured<\/span><\/a><span style=\"font-weight: 400\"> the Dogecoin community that they are working hard to ensure the wallet app would support Dogecoin soon.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, Robinhood\u2019s main trading app already supports Dogecoin. In August 2021, the platform revealed that DOGE yielded up to 62% of the firm&#8217;s revenue in the year&#8217;s second quarter. As of then, Dogecoin gave Robinhood more revenue than Bitcoin and Ethereum.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/dogecoin-price-rally-0-092\/\" target=\"_blank\" rel=\"noopener \">Dogecoin Price Technicals Suggest DOGE Must Clear $0.920 For Another Rally<\/a><\/div>\n<p><span style=\"font-weight: 400\">One of the features in the wallet that would greatly benefit crypto users is zero network fees for cryptocurrency trading. That explains why the market sentiment became positive around the news of the firm\u2019s Dogecoin support.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Data shows that Robinhood-linked wallet addresses hold the most significant DOGE tokens. For example, a Robinhood wallet named DPDLBA is the largest Dogecoin holder, with nearly 25.21% of the total supply. It has 34.76 billion Dogecoin worth $3.1 billion, while the second largest holder has 7.08 billion DOGE, about 5.14% of the total supply.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The top 100 and 500 largest BSC whales are also making a move. As per data from <\/span><a href=\"https:\/\/twitter.com\/WhaleStatsBSC\/status\/88129794\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">WhaleStats<\/span><\/a><span style=\"font-weight: 400\">, DOGE emerged as the top 10 purchased tokens among the 100 BSC whales in the past day. In addition, the memecoin coin also appeared among the top 500 biggest BSC whales.<\/span><\/p>\n<h2>DOGE Price Surges &#8211; Is There Any Hope For More Rallies?<\/h2>\n<p><span style=\"font-weight: 400\">Amid the whale accumulation, <\/span><span style=\"font-weight: 400\">the DOGE coin price<\/span><span style=\"font-weight: 400\"> rallied 3.4% in the past 24 hours. It now trades at $0.9001 with a low of $0.8604 and a high of $0.9289. The technical and social sentiment indicators suggest a slight upward movement to $0.095 over the next few days. But, given the current market conditions, a rise above $0.1 seems unattainable.<\/span><\/p>\n<figure id=\"attachment_517225\" aria-describedby=\"caption-attachment-517225\" style=\"width: 860px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-517225 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/DOGEUSDT_2023-01-24_08-39-27.png?resize=860%2C499\" alt=\"Whales Bag 500 Million Dogecoin, Will DOGE Approach $0.1 Mark?\" width=\"860\" height=\"499\"><figcaption id=\"caption-attachment-517225\" class=\"wp-caption-text\">DOGE gains momentum on the daily candle l <a href=\"https:\/\/www.tradingview.com\/symbols\/DOGEUSDT\/\" target=\"_blank\" rel=\"noopener nofollow\">DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">However, the meme coin has seen some good days since January. It has been on the upward trend over the last weeks, with a <\/span><span style=\"font-weight: 400\">14-day price<\/span><span style=\"font-weight: 400\"> surge of 21.8%.<\/span><\/p>\n<p><em>Featured image by The Pigeon Express<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meme coin forerunner, Dogecoin, opens the week with a new rally amid Robinhood&#8217;s support. Reports reveal that several whales jumped on the positive market sentiment to accumulate massive amounts of DOGE, triggering a 5% rally in the last day. According to WhaleAlert, Whales packed more than 500 million Dogecoin over the past two days. The tracker revealed that the largest holder of Dogecoin also partook in the accumulation and bagged almost 165 million DOGE coins. In addition, a top 20 whale also transferred 150 million Dogecoin tokens worth more than $13 million in the past 24 hours. Related Reading: Crypto Analyst Says Bitcoin Price Could See Another 30% Rally Robinhood Plans To Add Support For Dogecoin Robinhood Market is very influential both in the financial and crypto markets. The zone-free trading platform gave initial rollouts of its new wallet to 10,000 users in September 2022. The mobile wallet application would allow users to trade and send cryptocurrencies and NFTs. According to the announcement, the wallet would be available to over 1 million waiting users. But the wallets didn\u2019t appear with initial support for DOGE, raising concerns among the meme coin community. However, the Robinhood platform assured the Dogecoin community that they are working hard to ensure the wallet app would support Dogecoin soon. Meanwhile, Robinhood\u2019s main trading app already supports Dogecoin. In August 2021, the platform revealed that DOGE yielded up to 62% of the firm&#8217;s revenue in the year&#8217;s second quarter. As of then, Dogecoin gave Robinhood more revenue than Bitcoin and Ethereum.\u00a0 Related Reading: Dogecoin Price Technicals Suggest DOGE Must Clear $0.920 For Another Rally One of the features in the wallet that would greatly benefit crypto users is zero network fees for cryptocurrency trading. That explains why the market sentiment became positive around the news of the firm\u2019s Dogecoin support.\u00a0 Data shows that Robinhood-linked wallet addresses hold the most significant DOGE tokens. For example, a Robinhood wallet named DPDLBA is the largest Dogecoin holder, with nearly 25.21% of the total supply. It has 34.76 billion Dogecoin worth $3.1 billion, while the second largest holder has 7.08 billion DOGE, about 5.14% of the total supply.\u00a0 The top 100 and 500 largest BSC whales are also making a move. As per data from WhaleStats, DOGE emerged as the top 10 purchased tokens among the 100 BSC whales in the past day. In addition, the memecoin coin also appeared among the top 500 biggest BSC whales. DOGE Price Surges &#8211; Is There Any Hope For More Rallies? Amid the whale accumulation, the DOGE coin price rallied 3.4% in the past 24 hours. It now trades at $0.9001 with a low of $0.8604 and a high of $0.9289. The technical and social sentiment indicators suggest a slight upward movement to $0.095 over the next few days. But, given the current market conditions, a rise above $0.1 seems unattainable. However, the meme coin has seen some good days since January. It has been on the upward trend over the last weeks, with a 14-day price surge of 21.8%. Featured image by The Pigeon Express<\/p>\n","protected":false},"author":584,"featured_media":517242,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-517222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\n<title>Whales Bag 500 Million Dogecoin - Will DOGE Hit $0.1 Mark?<\/title>\n<meta name=\"description\" content=\"Meme coin forerunner, Dogecoin, opens the week with a new rally amid Robinhood&#039;s support. 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