Did Elon Musk Sell 250 Million Dogecoin Worth $49.5 Million?
When large sums of Dogecoin (DOGE) change hands, the crypto world naturally speculates, especially when it involves Elon Musk. Recent reports of over 250 million DOGE moving in significant transactions have stirred up rumors, with many playfully suggesting Musk’s involvement. However, Musk has not confirmed any such purchase. Whale Alert, a service tracking major crypto transactions, flagged these transfers first. Among them, a standout was the transfer of 250 million DOGE, valued at around $49 million, from an unknown wallet to the Robinhood trading platform. Another substantial movement followed suit shortly after. Robinhood’s Role Prior to these transfers, Whale Alert noted two transactions involving Robinhood. One saw 250 million DOGE transferred from an undisclosed wallet, and another 83 million DOGE ended up in an unknown blockchain address. The presence of Robinhood, coupled with Musk’s fondness for Dogecoin, has intensified speculation. 250,000...