Popular retail stock and cryptocurrency brokerage Robinhood Markets Inc (NASDAQ: HOOD) has moved all its Dogecoin (CRYPTO: DOGE) into a single wallet.
What Happened: A series of transactions picked up by blockchain wallet tracker Dogecoin Whale Alert found Robinhood has moved all 41 billion DOGE it holds to one address.
All of the #dogecoin held by @RobinhoodApp on behalf of its investors has now been consolidated into a single wallet address. pic.twitter.com/GPxbarOlev
— Ðogecoin Whale Alert (@DogeWhaleAlert) July 21, 2022
The new wallet address now holds 31% of all DOGE supply. According to data from
Full story available on Benzinga.com