Disclaimer: The opinions expressed by our writers are their very own and don’t signify the views of U.Immediately. The monetary and market data offered on U.Immediately is meant for informational functions solely. U.Immediately just isn’t chargeable for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct your personal analysis by contacting monetary specialists earlier than making any funding selections. We consider that every one content material is correct as of the date of publication, however sure gives talked about might not be out there.
Contents
- 200 million DOGE deposited to Robinhood, Elon Musk suspected
- Elon Musk teases potential DOGE funds for Tesla
Famend cryptocurrency monitoring platform Whale Alert, which traces massive crypto transactions and shares their particulars on the X social media app (previously broadly generally known as Twitter) has introduced that greater than 100 million Dogecoin has been deposited to a well-liked funding platform Robinhood.
On Friday, a barely smaller quantity of DOGE was moved to the identical platform, in response to the aforementioned tracker, which makes it roughly 200 million DOGE despatched to Robinhood throughout the final two days.
200 million DOGE deposited to Robinhood, Elon Musk suspected
Tweets printed by the tracker present two large quantities of crypto that have been transferred by nameless digital pockets homeowners to the brokerage platform Robinhood throughout the final 48 hours — 118,402,438 DOGE evaluated at $19,752,398 and 86,000,000 DOGE value $14,123,854. Thus, greater than $33.8 million value of the unique meme cryptocurrency has been moved to Robinhood with a probable aim of promoting these meme cash.
Within the remark thread below the most recent switch customers started to make guesses as to who may have initiated these transactions. Two X customers named the most important Dogecoin fan Elon Musk, fairly jokingly assuming that it may very well be him who transferred these funds to the buying and selling platform.
Elon Musk teases potential DOGE funds for Tesla
In a exceptional improvement, this week throughout his speech on the Tesla Giga Occasion in Berlin, centibillionaire and chief govt of Tesla (and proprietor of X) Elon Musk was requested if Tesla plans on rolling out DOGE funds for its electrical vehicles.
Musk revealed that sooner or later sooner or later they’re probably to try this. He once more reminded the group that he believes DOGE to be folks’s forex, since many common Tesla employees usually ask Musk to help Dogecoin fairly than BTC. Musk says that for him, that is adequate proof that he ought to present public help to this meme cryptocurrency. Bitcoin, he mentioned, is owned by wealthy folks, whereas DOGE remains to be inexpensive to common employees.
That assertion made by Musk triggered a giant Dogecoin enhance of virtually 17%, which occurred between Wednesday and Thursday. Nonetheless, a serious decline adopted, as usually occurs when Musk pumps DOGE, and by now the meme coin’s worth has dropped by 15%, buying and selling at $0.1621.
