The address indicated below:
A title with “Dogecoin” coins containing an estimated 36.7 billion “Doge”, this title recently bought 420.69 DOGE last Thursday, which the data shows.
It cost $ 165 to buy, which is pretty much nothing compared to what this whale owns.
According to some analysts, the number “420” in the meme culture refers to marijuana or the act of smoking weed.
No one knows the true identity of this “whale”, but with the recent purchase, it indicates that it exists and that it has accumulated about $ 15 billion in value.
That’s roughly 30% of the Dogecoin’s market value of $ 45 billion at the time of writing, and the value of this whale’s possession was over $ 30 billion when DOGE reached an all-time high of $ 0.73 earlier. From this month.
This address could belong to a single person, a group of people, or perhaps a cryptocurrency exchange platform deposited in a cold wallet, or a trading company.
Some say that it is unlikely that it is a wallet belonging to the cryptocurrency trading platform, as these portfolios are usually characterized by having internal and external flows of funds, but this wallet rarely moves what it has in its possession.
Elon Musk is the potential whale behind this wallet!
The above, for some users on the online Reddit forum, refers to one person, which is:
Elon Musk, CEO of Tesla, who has money and loves memes, has been pumping Dogecoin into Twitter over the past few months and days.
“Musk” previously stated that the digital currency “DOGE” was destined for the moon, and that he had bought some of it for his children, and that he had also accepted Dogecoin as payment for SpaceX’s latest mission.
In the crypto market, where decentralization is the basis, and in which many crypto projects seek to reach significant proportions of them, it seems negative for Dogecoin, where a massive amount of more than 30% is concentrated in one central wallet, and with one movement from the owner of this wallet the impact will be large, so we warn in lydsfutures news are always memes, whether Dogecoin or its sisters …