DOGECOIN WHALE READY TO BRING DOGE TO ATH
One Dogecoin Whale owns $25 billion in Dogecoin. The meme coin has a special place in the market these days because it is the topic of conversation in the crypto market and has amassed a massive market cap in such a short period of time. Dogecoin whales are well-known in the crypto market because their accumulation is the highest among all crypto holders.
Whales play a major role on the market.
There are about 15 whales that holds almost around 67 percent of the Dogecoin, and the biggest one among them almost holds 28 percent of the total Dogecoin. When Elon Musk was asked for his opinion on this type of crypto holding to this, he replied, disturbing concentration. These whales play a very important role in the market because they can control the prices of these crypto currencies by their moves and tactics in the market.
We have named it as a 25 billion dollar whale. The developer of Dogecoin said while it is fun to speculate about the ownership of wallets. The only way to be 100 percent sure of who owns what is when the owner comes forward with cryptographic proof.
Elon Musk, the owner of Tesla and Dogecoin, said, if major Dogecoin holders sell most of their coins, it will get my full support. 25 billion dollar Dogecoin means more than 42 billion Dogecoin as a estimation of the Dogecoin in its current worth.
There are high expectations that those coins biggest whale has finally decided to play its role in increasing the worth of Dogecoin to ATH. Elon Musk once said, arguably the most entertaining outcome, the most ironic outcome would be that Dogecoin becomes the currency of earth of the future.
Robinhood will not confirm which addresses belong to them.
The recent announcement of Robinhood regarding the ownership of Dogecoin is because the chief scientist and co-founder of Elliptic, Tom Robinson, as per him, he pointed towards the owner of Robinhood as a holder of the crypto cache. It almost certainly belongs to Robinhood.
Robinhood CEO, Vlad Tenev said, We understand that the community wants more insight into which addresses belong to us and how we operate our wallets, just like other crypto platforms for operational security reasons and to protect customer privacy, we will not confirm which addresses do or do not belong to us.
Robinhood also tweeted for Dogecoin that,
We understand that the community wants more insight into which addresses belong to us and how we operate our wallets. He further added, We are not alone, just like other crypto platforms for operational security reasons and to protect customer privacy. We will not confirm which addresses do or do not belong to us.
As a result, we cannot be certain about any of Robinhood’s account holdings. The increased purchasing of Dogecoin will result in an increase in the value of Dogecoin. However, if someone tries to sell a large amount of Dogecoin all at once, the price will fall and the market will most likely crash.
Whether it is Robin Hood or Elon Musk, they will have a significant impact on the market.
The inclusion of Dogecoin in the Robinhood has resulted in a total increase of 800% in the value of the Dogecoin. Dogecoin’s value increased by 15% in May, and people are now willing to take part in it. We cannot ignore the fact that the increase in the value of Dogecoin will benefit the whale the most.
The discussion above has given us some major hints that the Dogecoin market is about to explode, because no matter who the whale is, whether it is RobinHood or Elon Musk, they will cause a massive shift in the market.