How to Track Your DOGE Holdings on Robinhood Understanding the Recent Plunge in Supply

If you are an investor or crypto enthusiast, you have probably heard of Dogecoin (DOGE). DOGE has grown in popularity in recent months, thanks to celebrity endorsements and increased buying pressure. However, over the past few days, the DOGE market has experienced some turbulence, with prices plummeting. In this blog post, we will discuss how to track your DOGE holdings on Robinhood and understand the recent drop in supply.

The DOGE market has undergone significant changes in recent days. Elon Musk's tweets were one of the key factors contributing to DOGE's recent price drop. Elon Musk, CEO of Tesla and SpaceX, is a strong advocate of DOGE on social media. His tweets about DOGE have caused major bull runs in the past. However, his recent tweets caused a frenzied sell-off among DOGE investors. For example, on May 13, 2021, Elon Musk tweeted that Tesla will no longer accept Bitcoin payments, while also claiming that Bitcoin mining has a significant environmental impact. As a result, the value of Bitcoin plummeted by almost 10%, dragging DOGE and other cryptocurrencies with it.

Elon Musk expressed support for DOGE. His tweets are known to cause huge swings in the DOGE price. For example, in February 2021, he tweeted that Doge is everyone’s cryptocurrency, causing the DOGE price to skyrocket by almost 50%. However, his recent tweets have had the opposite effect. His tweet on May 13, 2021 caused a massive sell-off from investors, causing the DOGE price to drop 30%.

If you are a DOGE investor, it is essential to regularly monitor your holdings to keep up with market trends. Robinhood is one of the popular trading platforms that allows you to trade and track DOGE. Here's how to track your DOGE holdings on Robinhood.