A single Robinhood wallet holds $9.3 billion worth of Dogecoin, making up a significant portion of the popular meme cryptocurrency's market cap. Dogecoin has been a favored asset among Robinhood users and drew attention from prominent figures like Elon Musk, leading to a speculative craze. Robinhood briefly restricted cryptocurrency trading due to the frenzy. Besides Dogecoin, Robinhood has added other meme coins like Shiba Inu and dogwifhat. It is speculated that Elon Musk may be the largest holder of Dogecoin, but the exact number of tokens he owns is uncertain. Despite a massive rally in late 2021, the price of DOGE has remained relatively stagnant over the past year. Currently, it is trading at $0.316.



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