$57M in Dogecoin Moved from Robinhood to Unknown Wallet, Triggering Speculation

  • On May 20, blockchain data revealed that 260 million Dogecoin (DOGE), worth over $57 million, were transferred from Robinhood, a major U.S.-based brokerage, to an unknown wallet. The move occurred in two large transactions, with the first shifting 210 million DOGE (valued at approximately $46 million) and the second transferring another 50 million DOGE to the same address.