A large Dogecoin transaction took place earlier today with 200 million DOGE, worth approximately $45.3 million, moving from a Robinhood-associated wallet to a relatively new address not linked to any public exchange or known institution.

It was part of a series of transfers totaling over 321 million DOGE, but the largest single movement was the 200 million DOGE chunk that landed in the wallet DGTDRAkwtiCRHwCtXGnhNMRU8RryFhW4Km, as reported by Whale Alert.

This wallet is far from new. It has now received over 35.5 billion DOGE in total and sent out 28.9 billion, based on public ledger data. It has processed 50 ins and 43 outs to date. As of this afternoon, its current balance stands at 659,118,627 DOGE, or about $148 million at the recent Dogecoin price.

Despite its activity history, the address itself is not labeled or tied to any exchange, trading platform or service — at least not publicly. While it is not clear if this is part of internal fund management or a shift in custody, the size and direction of the transaction are hard not to notice.

DOGE was trading at around $0.224 at the time of the transfer. There was no visible impact on price or volume following the move, and no official explanation or label has been added to the receiving address so far.

At the moment, the only confirmed detail is that Robinhood has sent 200 million DOGE to an address with a history of large-volume transactions — but with no current public affiliation.