Robinhood Holds 32% Of Dogecoin Circulating Supply For Their Clients
The popular US-based trading platform Robinhood, holds for its investors nearly one-third of the total Dogecoin supply in circulation.
Just two wallets belonging to Robinhood hold around $6 billion in Dogecoin (DOGE) for its clients. Dogecoin Whale Alert, dedicated to analyzing real-time transactions on the DOGE blockchain and tracking large transfers, shared on Twitter statistics on Robinhood’s DOGE accounts.
Robinhood wallet333495 has six addresses holding Dogecoin, with more than 30 billion DOGE, equivalent to $4 billion – or 22.9% of the supply in circulation.
The second wallet1699275 has two addresses holding DOGE, but only accounting for 1% of the total circulating supply.
#Robinhood's ? two known wallets—3334959 & 1699275—use eight known addresses. The total combined amount of #Dogecoin held by RH ? on behalf of its investors is:
The two Robinhood wallets keeping Dogecoin for retail trading have in total 42,000,000,000 DOGE, which represents 31.5% of the total circulating supply, which is worth around $6.11 billion, at the time of writing.
The total circulating supply of Dogecoin as of now is 132,670,764,300. With a fixed issuance rate of 5 billion coins per year, the supply will grow by 100 billion in 20 years.
At the time of writing, DOGE trades at $0.146, up 21% on the weekly chart.
