During the Dogecoin ETF storm, the transfer of 200 million Dogecoin shocked Robinham

A $49.7 million Dogecoin was transferred from Robinhood to an unknown wallet involving 200 million Dogecoin, which was revealed to be an internal transfer between Robinhood’s own wallets. The deal comes as market speculates that the DOJE ETF will be launched soon. The DOJE ETF is a new Dogecoin investment vehicle established under the 1940 Act, which provides indirect investment opportunities in the event of the Securities and Exchange Commission (SEC) continuing to reject Dogecoin spot ETFs. Robinhood remains the main holder of Dogecoin, a retail investor.