200,000,000 Dogecoin Drained From Robinhood, This Shows Why

Key Points

1. 200 million DOGE (worth ~$43.4 million) was moved from Robinhood to an unidentified wallet, as tracked by Whale Alert.

2. The transfer suggests possible changes in investor behavior as DOGE struggles with price volatility.

3. DOGE's price dropped 3.4% to $0.2184 in 24 hours, with trading volume declining 8.8% to $2.12 billion.

4. Open interest for DOGE increased by 5.98%, and trading volume surged 62.12% to $2.49 billion, hinting at a potential rebound.

5. The same whale address previously transferred 321 million DOGE and another 180 million DOGE (worth ~$50 million) from Robinhood.