Robinhood holds nearly $ 6 billion in Dogecoin (DOGE) 16

Robinhood holds nearly $ 6 billion in Dogecoin (DOGE)

DOGE is rising

According to data published by @DogeWhaleAlert, Robinhood, a popular stock and cryptocurrency trading application, holds nearly $ 6 billion in Dogecoin on behalf of its customers.

Robinhood owns 41.8 billion DOGE

The exact amount of meme cryptocurrency held by Robinhood in dollars is $ 5,823,039,490 at the time of writing.

This equates to 41,829,475,750 DOGE tokens – and 31.53% of the total DOGE offering in circulation. The total circulation of DOGE is 132,670,764,299 coins.

Robinhood holds the aforementioned amount of DOGE in two wallets. One of them has six crypto addresses, all of which are part of the top 20 Dogecoin addresses.

The company’s second portfolio has only two addresses – DQA5h47M4NdTt2mKDj4nP2VNZWczZi42RY and D8vFz4p1L37jdg47HXKtSujChhP9f3doTK – according to the website dogecoinwhalealert.

The price of DOGE is rising after the recent tweet of Elon Musk

As reported on Sunday, the original cryptocurrency meme DOGE rose 5.10% after Tesla boss and Dogecoin’s biggest fan, Elon Musk, commented on a proposal to buy Twitter and change the logo from his blue bird to DOGE.

Musk recently conducted a poll to see if Twitter is suppressing free speech. Many commentators have suggested that Musk buy the social media giant. Instead, the head of Tesla is thinking of creating his own social media platform.