​​Robinhood Suspected To Be a Dogecoin Whale As It Plans New C | Crypto Land

​​Robinhood Suspected To Be a Dogecoin Whale As It Plans New Crypto Services.

The under-fire American trading platform Robinhood said it will provide customers “the ability to deposit and withdraw” cryptoassets and has claimed that it has no crypto holdings – despite mounting suspicion that it could be one of the mysterious dogecoin (DOGE) whales who control vast amounts of the runaway token.

In a series of tweets, Robinhood wrote:

“So much interest in crypto! To be crystal clear, we fully intend to provide the ability to deposit and withdraw cryptocurrencies, including DOGE. Robinhood Crypto does NOT currently invest in cryptocurrency or use any customer cryptocurrency for our own benefit.”

The potential DOGE connection is key, as an increasing number of social media sleuths – including man-of-the-moment Elon Musk – think they have reason to believe that a wallet that holds almost 28% of the DOGE currently in circulation secretly belongs to Robinhood.

Per Bloomberg, Tom Robinson, the chief scientist and co-founder of the blockchain data tracker Elliptic, said of the wallet,

“It almost certainly belongs to Robinhood. The timings of its creation, and the creation of the addresses that it received funds from, match the timings of Robinhood’s support of dogecoin.”

Musk, meanwhile, has been wading into the argument with apparent relish.

In response to a dogecoiner’s demand for Robinhood to stop “dodging DOGE questions and hiding behind scripted answers” and a demand for “transparency,” Musk tweeted, “You’re right.”

And in reply to another DOGE aficionado who opined, “If the top whale wallet is Robinhood then I think dogecoin has a clear trajectory to the moon,” Musk wrote: “Sounds like it is.”

For now, however, it appears that Robinhood is intending to play its cards close to its chest, and will stick with responses like the below.