Dogecoin Transaction Worth $30M Signals Potential Whale Sell-Off

A significant Dogecoin transaction has caught the attention of the crypto community. Whale Alert, a leading blockchain tracking platform known for monitoring large-scale crypto movements, recently detected a colossal DOGE transfer to Robinhood.

Whale Moves 155 Million DOGE to Robinhood

Earlier today, Whale Alert reported that an anonymous wallet moved 155,000,000 DOGE valued at approximately $30,064,203 to Robinhood. This popular trading platform supports both stock and cryptocurrency trading, making it a likely destination for crypto holders looking to sell or trade.

🚨 🚨 155,000,000 #DOGE (30,064,203 USD) transferred from unknown wallet to #Robinhood https://t.co/b6oyq70n8N
— Whale Alert (@whale_alert) June 9, 2025

The identity of the sender remains unknown, but the size of the transaction suggests the involvement of a large-scale investor or “whale” preparing for a potential sale. The timing of the transfer coincided with a sharp increase in Dogecoin’s price. Within an hour, DOGE surged by 4.6%, jumping from $0.18674 to $0.19535.

This movement created a large green candle on the hourly chart, reflecting increased buying activity or possibly anticipation of a significant event. However, the momentum did not last long. DOGE has since experienced a modest pullback, trading at $0.19039 a 2.23% drop from its recent peak.

Dogecoin Achieves New Milestone in Holder Count

In addition to the notable transaction, Dogecoin has reached a new all-time high in terms of wallet holders. According to data shared by on-chain analytics firm Santiment via X (formerly Twitter), DOGE now boasts 7.97 million holders.

This milestone places Dogecoin third among the most widely held cryptocurrencies. Ethereum leads the pack with 148.38 million holders, followed by Bitcoin with 55.39 million. XRP rounds out the top five with 6.53 million holders.

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Overall, the massive DOGE transfer to Robinhood has raised eyebrows and sparked speculation about potential market moves. Coupled with a brief price rally and growing adoption, Dogecoin continues to demonstrate its strong presence in the ever-evolving crypto landscape.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.