A huge 100 million Dogecoin, valuing $12 million, was transferred to Robinhood by the address “DF8jR”, which also has a record of more than 1,300 DOGE transactions. This is a major undertaking, which was tracked by Whale Alert, and falls parallel to Dogecoin’s price rebound to $0.125, following its recent decline. Naturally, questions have been raised within the community, about the transfer, since large transactions to exchanges often mean potential sell-offs. Moreover, the timing suggests that the owner might as well be preparing for trades or simply taking advantage of the price hike. Currently, all eyes are on the impact that DOGE’s future might have.

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