The massive dogcoin transaction took place today for $200 million, worth around $45.3 million, moving from Robinhood-related wallets to a relatively new address that is not linked to public exchanges or known institutions.
This was part of a series of Doge transfers totaling over 321 million, but the largest single move was a $200 million chunk of chunks landing on wallet Dgtdrakwticrhwctxgnmru8rryfhw4km, as reported by Whale Alert.
This wallet is far from new. Currently, it receives more than 35.5 billion Doges in total, sending 28.9 billion based on public ledger data. So far we've handled 50 INS and 43 outs. As of this afternoon, the current balance is 659,118,627 Doge, or around $148 million at the recent Dogecoin price.
🚨🚨200,000,000 #doge (45,305,511 USD) transferred from #robinhood to unknown wallethttps://t.co/pgozdeaivj
– Whale Alert (@Whale_Alert) May 26, 2025
Despite the history of that activity, the address itself is not, at least publicly, labelled or tied to an exchange, trading platform, or service. It is not clear whether this is part of internal fund management or part of a change in custody, but it is difficult to not realise the size and direction of the transaction.
Doge was trading at about $0.224 at the time of transfer. There is no visible impact on prices or volumes after the move, and no official descriptions or labels have been added to the incoming address so far.
At this point, the only details confirmed are that Robinhood sent 200 million Doge to addresses with a history of large numbers of transactions, but no current public affiliation.
