Breaking: Robinhood Blocks Dogecoin [DOGE] Trading, Dogecoin Price Soars by More than 150% (2024)

Home / News / Altcoin News / Breaking: Robinhood Blocks Dogecoin [DOGE] Trading, Dogecoin Price Soars by More than 150%

Robinhood has blocked Dogecoin [DOGE] trading on their platform amid soaring Dogecoin prices. The DOGE has already soared by more than 150% in last 24hrs and is currently trading above $0.02 at the time of reporting.

The sudden decision to block the DOGE trading has led to an enormous backlash by the traders as Dogecoin prices are reported to be soaring.

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Is Wallstreetbets Into Dogecoin?

Wallstreetbets is all over news and recent jump in dogecoin prices are rumored to be a signal for wallstreetbets entry into cryptocurrency particularly Dogecoin. Binance CEO CZ, posted on twitter and took a jibe at Robinhood for blocking Dogecoin trading. He is also suspected that this might be wallstreetbets pumping the cryptocurrency.

WallStreetBets already in #crypto? in $DOGE now?

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HIGH risk WARNING.
HIGH volatility WARNING.

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We won't be able to ban it or pause trading. Too many other exchanges trading it. Will just cause more problems.

Please do exercise extreme caution. Stay #SAFU. https://t.co/wTIum1BaFY

— CZ ???? Binance (@cz_binance) January 28, 2021

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• DOGEBTC
• Dogecoin (DOGE)
• DOGEETH
• DOGEUSDC
• DOGEUSDT

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• About author
• Disclaimer

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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