Last February the crypto community was obsessed with a specific dogecoin address that happens to be the largest dogecoin holder today with over 36 billion DOGE. One armchair sleuth studied a number of onchain transactions and suspected the company Robinhood owned the wallet. Now the individual has researched the topic again and claims the latest findings help confirm the dogecoin wallet does belong to Robinhood. Alongside this, the person suspects Robinhood controls the third-largest bitcoin wallet as well.
Onchain Research Suggests Robinhood Not Only Owns the Mysterious Doge Whale Wallet, but Also the Third-Largest BTC Wallet
Two days ago, the Reddit account u/Andreifromalberta published research that claims the company Robinhood (Nasdaq: HOOD) holds more bitcoin (BTC) than the firm Microstrategy. The Redditor Andrei is the same sleuth that published research four months ago on the notorious dogecoin (DOGE) wallet dubbed “DH5,” which happens to be the largest DOGE wallet today.
Back in February, Andrei posted about the subject as the “DH5” address became an extremely topical subject that month. Andrei said in the r/dogecoin Reddit post that findings suggest the company Robinhood is the owner of the “DH5” dogecoin address and explained how onchain research led to this conclusion.
This past week, the online brokerage firm Robinhood had an initial public offering (IPO) and the company’s CEO Vlad Tenev talked about the firm’s crypto positions in an interview on May 6. Tenev’s statements at the Robinhood fireside chat back in May explained
