Recent data shows that Robinhood customers continue to hold tight to their DOGE. He also states that despite the recent sudden success of a new meme coin, PEPE Coin, they are not selling the altcoin.
Robinhood’s DOGE stash is intact!
Unlike previous generations of meme cryptocurrencies, PEPE was inspired by memes about Pepe the Frog, not Shiba Inu dogs and memes based on them. The DogeWhaleAlert crypto tracker shows that Robinhood clients continue to hold their DOGE. The amount of DOGE that Robinhood holds in their wallets on behalf of its customers is currently 33,562,118,525 DOGE. This is $2,642,446,278 in USD terms. It also accounts for 24.11% of the entire circulating DOGE supply.
PEPE is getting wildly popular
An anonymous developer team launched PEPE in April. The meme coin is of no use in the current situation beyond a joke. However, several crypto exchanges have listed it, including Huobi and OKX. For this reason, it has achieved great popularity recently.
As you follow on Kriptokoin.com, on Friday Binance announced that it will add PEPE and FLOKI to its Innovation Zone, a section where promising new coins are added. SHIB was recently moved from here to a regular trading platform by Binance. However, after the listing was announced, Binance abruptly suspended PEPE and FLOKI deposits due to a technical glitch. On the other hand, processes restarted after a few hours.
Over the past week, PEPE has shown some pretty high and surprising price increases. At the time of this writing, the Frog-themed meme coin is changing hands at $0.000002586, according to CoinMarketCap data. This makes Pepe a more expensive meme coin than Shiba Inu, which is the second largest dog crypto by market cap after Dogecoin. SHIB is ranked 15th, trading at $0.000009656, while PEPE is ranked 45th on CoinMarketCap.
Whales go after PEPE, sell SHIB and NFTs
Whales and “Smart Money” wallets are breaking their necks to buy the new trendy cryptocurrency. A whale bought several hundred SHIBs for just $224,000 in 2021. And he earned $3.84 million from this transaction. This whale has rushed to trade 6 billion SHIB for 325 billion PEPE.
Earlier today, cryptocurrency influencer David Gokhshtein, a vocal supporter of meme cryptos like DOGE, SHIB, FLOKI, and now PEPE, tweeted that many are selling their NFTs at low prices to grab PEPE.
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