Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) saw notable price gains over the past month, rising 7% and 6% respectively, as broader market sentiment improved and large holders moved tokens off exchanges.
Large Outflows From Robinhood
According to Whale Alert data, both tokens recorded significant transfers from Robinhood into private wallets, a move typically interpreted as reduced near-term selling pressure.
Dogecoin holders moved more than 2.56 billion DOGE, worth roughly $245 million, across five transactions, marking one of the largest single-day liquidity withdrawals in the asset’s history.
Shiba Inu holders also transferred over 16 trillion SHIB, …