Recent reports show that the popular US-based trading platform owns nearly one-third of the Dogecoin supply in circulation.
Two wallets by Robinhood hold around $6 billion worth of Dogecoin for its customers. This is evident by a report from Dogecoin Whale Alert, a site dedicated to analyzing real-time transactions on the DOGE blockchain and tracking transfers of 4M DOGE or more.
According to the data collected by Dogecoin Whale Alert, Robinhood wallet333495 has six addresses holding Dogecoin, with DBs4WcRE7eysKwRxHNX88XZVCQ9M6QSUSz string more than 30 billion DOGE, equivalent to $4 billion. This could be translated to 22.9% of the supply in circulation. The second – wallet1699275 – as shown by the data, has two addresses holding DOGE, but their stash is relatively small, only accounting for 1% of the total circulating supply.
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