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HomeDigit NewsRobinhood has 42 billion Dogecoin customers in its two wallets, worth billions

Robinhood has 42 billion Dogecoin customers in its two wallets, worth billions

Data shows that both Robinhood wallets hold 42,000,000,000,000 DOGE, which is 31.5% of the total supply, with a total value of approximately $6.28 billion. 
Commission-free stock trading and investing platform Robinhood has two wallets reportedly worth about $6 billion (about Rs 45,640 crore) of Dogecoin (DOGE) on behalf of its clients. These two wallets have a total of eight addresses, out of which one wallet holds six addresses and the other two addresses. Dogecoin has been making a good recovery for the past few days. If we talk about the last seven days, DOGE has achieved an increase of about 23%.

Dogecoin Whale Alert has informed through its Twitter handle that Robinhood has two wallets, which contain Dogecoin worth $6 billion in the names of its customers. For those who don’t know, Dodgecoin Whale Alert works on the Dodge blockchain to analyze real-time transactions and track token transfers. Robinhood wallet333495 has six addresses holding Dogecoin, with the DBs4WcRE7eysKwRxHNX88XZVCQ9M6QSUSz string holding more than 30 billion DOGEs, with a value equivalent to $4 billion, which could account for 22.9% of the total supply in circulation.

At the same time, the second wallet wallet1699275 maintains two addresses, in which about 1% of the total supply is kept.

Data shows that both Robinhood wallets hold 42,000,000,000,000 DOGE, which is 31.5% of the total supply, with a total value of approximately $6.28 billion. 

Dogecoin currently has a total circulating supply of 132,670,764,299. Data on the Dogecoin Whale Alert website shows that with a fix issuance rate of 5 billion, DOGE’s total supply will exceed 225 billion in the coming 20 years.

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