Dogecoin Gains Momentum After Whale Withdraws 327 Million DOGE From Robinhood

Jakarta, Pintu News – A large Dogecoin (DOGE) transaction recently caught the attention of the crypto community. On-chain tracking service Whale Alert flagged a withdrawal of 327,269,524 DOGE from Robinhood to an unknown wallet address.

The platform valued the transfer at around $29.9 million at the time of the transaction. This movement raises important questions about investor sentiment, exchange liquidity, and where the DOGE price is headed next. So, what is the current Dogecoin price movement?

Dogecoin Price Rises 1.15% in 24 Hours

As of April 10, 2026, Dogecoin posted a 1.15% gain over the past 24 hours, trading at $0.09249, or around IDR1,581. During that period, DOGE moved within a price range of IDR1,556 to IDR1,618.

At the time of writing, Dogecoin has a market capitalization of approximately IDR243.9 trillion, while its 24-hour trading volume stands at around IDR23.1 trillion.

Read also: Ethereum Holds Above $2,100 Today, but Where Could ETH Go Next?

Large Outflows from Major Exchanges

Robinhood (HOODX) is one of the most widely used retail investment platforms in the United States. Its crypto service allows millions of users to buy and sell digital assets more easily. When a withdrawal of this scale occurs, it indicates that at least one large holder, commonly referred to as a whale, is moving its assets off the platform.

Large withdrawals from centralized exchanges are generally seen as a bullish signal. When coins leave exchanges, there are fewer assets available for sale in the market. If demand increases while the stock of assets on exchanges decreases, upward pressure on prices usually builds. This pattern has been repeatedly seen in Bitcoin, Ethereum, and various major altcoins.

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The final destination of the 327.2 million DOGE is still unknown. The recipient’s wallet address has also not been publicly identified. Some analysts think the whale may have moved the tokens to a self-custody wallet for long-term storage. However, there is also a possibility that the funds were directed to decentralized finance protocols or other external needs.

Sentiment Tends to be Bullish, but Caution is Still Necessary

Single transactions of this magnitude are rare. Their impact on prices can be immediate but temporary, or they can be part of a broader accumulation trend. The main difference lies in the context.

If a drawdown occurs while prices are weakening, it could indicate a large investor buying and holding the asset at a discount, behavior that is generally associated with a strong belief in the asset’s prospects.

In the last seven days, DOGE recorded a slight gain of 4.42%. Meanwhile, in the last 24 hours, the token has gained 1.15%.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpaper. Whale Pulls 327 Million DOGE From Robinhood – What It Means for Price. Accessed on April 10, 2026