Dogecoin Holdings on Robinhood Hit New Low: Drops to 16% of Circulating Supply
Dogecoin is a popular meme coin that has inspired many other animal-themed cryptocurrencies. DOGE paved the path for the numerous cats and dogs that are flooding the meme coin realm. Meme coins were primarily developed as a joke, as their name suggests. However, over time, they have gained prominence as an important niche. Robinhood has held a substantial amount of 24% of the Dogecoin circulating supply. However, according to the latest data from Dogecoin Whale Alert, DOGE holdings have dropped from 24% to 16%. # Dogecoin circulating supply held by @ Robinhood App was steady at 24% but has now dropped to 16%. See series of tweets we sent 2 days ago… several massive txs moving $ doge from Robinhood to top 20 wallet. It is possible that the receiving "top 20" wallet belongs to… https://t.co/A6pw7ZeiX0 — Ðogecoin Whale Alert (@DogeWhaleAlert) May 25, 2023 Robinhood DOGE holdings drop to 16% Dogecoin Whale Alert was the Twitter account to first share the drop. ...