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The cryptocurrency market recently observed a large transaction in (DOGE), where 71.2 million DOGE, with an estimated value of $6.3 million to $6.4 million, was transferred to a wallet associated with the Robinhood (NASDAQ:) trading platform.
This significant movement of funds is part of a broader trend of high-volume DOGE transactions that have been seen in the market, including the transfer of 367 million DOGE between anonymous wallets.
The price of dogecoin has seen some volatility, with its value recently trading around $0.09255. Despite these fluctuations, the meme-inspired cryptocurrency saw a notable 16% monthly increase in price. Along with the price action, the market valuation of Dogecoin has also increased, showing an approximate growth of 4%.
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