Whale Alert reported a significant transfer of meme coins, including 300 million Dogecoin, to the Robinhood exchange, coinciding with Doge's price movement.

The transfer involved 300,000,000 DOGE from an unidentified wallet to Robinhood, a platform offering cryptocurrencies and traditional stocks for investment. The total value of meme coins transferred amounted to $47,921,394, potentially more. Another unknown wallet received 129,693,892 DOGE, now holding a total of 1,733,699,458 Dogecoin.

Following the DOGE transfer, another meme cryptocurrency, the second largest by market capitalization after DOGE, was also transferred.

Whale Alert noted a transfer of 3,000,000,000,000 SHIB, worth $79,947,000, from one unknown wallet to another, with the receiving address linked to Robinhood, similar to the Dogecoin transfer.

Additionally, a significant purchase of meme coins totaling 237.8 billion Shiba Inu was reported, amounting to $6,290,435, and deposited into an inactive wallet. This occurred after the SHIB team announced receiving $12 million for developing a layer 3 service on the Shabarium blockchain, focusing on transaction privacy and user data security.