According to Whale Alert, another unusually large capital movement was recorded in the cryptocurrency market, with an unidentified whale transferring over 327,269,000 Dogecoin tokens from a cold wallet on the Robinhood platform to an unknown address. The amount currently amounts to approximately $30 million. $Doge price.
However, based on more detailed on-chain data from Arcam, which identifies the recipient as Robinhood’s, we can conclude that the transfer was not made by the unknown Long Whale, but by the US broker itself (probably the hot one). Unlike cold storage, it is always connected to the network and is used to provide liquidity.
In this context, moving approximately $30 million of Dogecoin from secure storage to operational wallets 11 days before April 20th is a classic preparatory move.
Can Dogecoin repeat its 2025 rally?
For those who have been involved in cryptocurrencies for a long time, especially those who: $Dogeit’s no secret that this date is one of the important dates for the biggest meme cryptocurrency, as 4/20 is officially recognized as “Doge’s Day”.
From a price perspective, it’s not just about memes these days. $Doge We have repeatedly embarked on strong growth cycles. For example, in 2025, the price started rising just after April 20th and peaked on May 12th, increasing by 67% and reaching $0.26 per Dogecoin.
With this move, Robinhood may be hoping that retailers will actively start trading or withdraw coins to personal wallets on “Doge Day.”
Although this is not a whale purchase but a technical exchange operation, it nevertheless indirectly confirms that professional market participants are bracing for unusually high demand for Dogecoin over the next 11 days.
