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Thoughts on Robinhood manipulating Doge?
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Ok.. new here... but curious about Doge and Robinhood.

Multiple people are discussing this.... how possible is it?

https://www.google.com/amp/s/www.marketwatch.com/amp/story/a-25-billion-dogecoin-whale-lurks-but-robinhood-ceo-says-we-dont-have-significant-positions-in-any-of-the-coins-we-keep-11620326508

Theory - Robinhood holds $25 billion in Doge coins. Let's pretend they bought at .004?

Now new buyers come along and give robinhood $100, they in turn transfer you $100 of their coins. (Instant profit)

Then turn around and reinvest your money for their own gain.

When Robinhood account holders decide to sell Doge.... Robinhood just keeps the coins and pays you out? They would be losing nothing? There coin count goes back up.... they made money (potentially) off investing your money in other markets (like venmo) and no ones the wiser?

They can shut down the ability to offload coin when they feel like having an outtage? Reducing the amount they might have to pay out.

This would be alot less plausible if account holders could transfer coins out of Robinhood into crypto wallets.

Am I over thinking this?

DOGE to the moon regardless...

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3 years ago