Robinhood currently holds more than 33.5 billion DOGE on behalf of investors, nearly a quarter of the total supply
According to the report, according to the data provided by @ DogeWhaleAlert, the number of dogcoin DOGE currently held by the encrypted transaction application Robinhood on behalf of investors has reached 33562118379, which accounts for 24.23% of the total supply of dogcoin, about $2206373662. At the same time, dog coins also showed signs of price recovery with the rebound of the encryption market. At the time of writing this article, it rose to the range of 0.07 US dollars, with an increase of more than 10% in the past 24 hours. （u.today）
Interpretation of this information:
The report highlights that Robinhood, a popular encrypted transaction application, is currently holding a significant amount of dogcoin DOGE on behalf of investors, which accounts for 24.23% of the total supply of dogcoin. This amount is estimated to be worth around $2.2 billion. Additionally, the report mentions that dogcoin has shown signs of price recovery with the rebound of the encryption market. In the past 24 hours, there has been an increase of over 10% in its value, and it is currently trading at 0.07 US dollars.
This report signifies the growing popularity of dogcoin as an investment option, with Robinhood serving as a trusted platform for investors to hold their digital assets. It also highlights the positive trend in the cryptocurrency market, with the recovery of dogcoin and other cryptocurrencies. The rise in value of dogcoin is indicative of the increasing demand for it, and it is believed that this trend will continue in the coming months.
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