His warning has once again come to the center. A report said that a dodgeCoin whale account has a billion dollar reserves in spite of the decline. The DodgeCoin address DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L holds about $ 12 billion (approximately Rs 8,752 crore).
Of bitinfochartsAccording to Dogecoin “whale” first bought this cryptocurrency on 6 February 2019. At that time it was trading at $ 0.0018 (about 0.13 rupees). Now this holder has about 3,671 crore dodgecoins which is 28 percent of the total supply of this cryptocurrency.
When the market crash began two weeks ago, the total value of this asset was $ 22 billion (about Rs 16,046 crore).
In February this year, Musk tweeted that if investors sell most of the holdings of DodgeCoin, they will fully support them. He said that the abundance of this currency is the main concern.
If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo.
– Elon Musk (@elonmusk)
He also said that if the investors’ accounts are completely empty, then I am ready to pay them in dollars for this as well.
I will literally pay actual $ if they just void their accounts
– Elon Musk (@elonmusk)
In the field of finance, “whale” refers to a power that can affect a property market by initiating a large number of transactions. The same problem arises with whale accounts that if they start selling their Dodge property they can very easily affect the market.
Whales will have to consider Elon’s ultimatum here.
If they comply,becomes the currency of the internet.
If they don’t, or “cheat” by distributing their coins across multiple wallets, then it loses Elon’s endorsement.
Easy decision for the whales. Do the right thing
– ???????????? (@itsALLrisky)
That’s not why it tanked. There was a massive WHALE sell worth 100s of millions of doge coin which was accompanied by mass panic sell by regular holders. He just took advantage of the situation and people’s emotions. This was expected Doge will rise again for sure. HODL ???? ????
– Goodboi DOGE (@dogeonluna)
The speculation has started for this whale account. Many people have also said that Musk can be the only person who can have this account.
What ifis the mysterious bitcoin whale who bought $ 100 Million worth last night? But he can’t tweet about it, so he talked up Doge instead.
– Ethereum West (Not-A-Security) (@EthereumWest)
Dogecoin was launched in 2013. The image of Shiba Inu dog has been used in its logo. Billy Marcus and Jackson Parker created it together. At that time it was launched as a joke to pay traditional banking fees. It was valued at that time at $ 0.000232 (Rs 0.017).<!–
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