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Dogecoin drew fresh attention after Whale Alert flagged a recent large transfer into Robinhood while the token traded near $0.10. The tracker recorded 203,556,622 DOGE, worth about $20.06 million, moving from an unknown wallet to the Robinhood platform in the past day.
Whale Alert shared the movement on X and tagged the destination as Robinhood. The post valued the transfer at $20,059,987 at the time of the alert.
Whale Alert operates as a tracker that monitors blockchain transfers and publishes automated alerts. The service identifies wallet labels when attribution exists, but it cannot confirm ownership for “unknown” wallets.
Blockchain data shows the transfer amount and destination label, but it does not show intent. Traders often watch exchange deposits because exchanges can enable sales, collateral moves, or internal routing. The transaction alone does not confirm selling activity.
The latest transfer followed another large deposit earlier in the week. Whale Alert’s transaction page lists 277,731,894 DOGE, valued at $29,491,644, moving from an unknown wallet to Robinhood at 23:41 UTC on February 3, 2026.
The timestamp falls on February 3 in UTC, but some reports describe it as February 4 based on local time zones. The blockchain record keeps the event time-stamped, which helps analysts compare it with price action and other flows.
Repeated inflows to the same exchange can reflect customer transfers, liquidity management, or custody shifts. Market participants track these patterns because they can increase visible exchange supply in the short term.
Price data showed DOGE near $0.098 on February 8, 2026. Yahoo Finance’s daily history listed roughly $0.0983 for that date after sharp swings earlier in the week.
CoinMarketCap’s rate history also placed DOGE close to $0.098 on February 8, following an 11% jump on February 6. This sequence highlighted shifts in meme-coin demand during volatile sessions.
A market analysis report noted a TD Sequential buy signal near $0.095 and described DOGE trading inside a descending channel. The same report marked $0.080 as key support and $0.117 as resistance, which has rejected rebounds since November.
The analysis also cited net-negative exchange flows, including a daily outflow of about $7.7 million, alongside buyer-dominant spot taker CVD. Analysts often read those signals as slower sell pressure near local lows, without calling a trend change.
Leverage metrics added another risk layer near support. The same report put open interest near $1.04 billion after a rise of more than 5%. This change can amplify moves above $0.117 or toward $0.080 in either direction.
Also Read: Dogecoin News Today: DOGE Rebounds From $0.08 as Bitcoin Momentum Builds
