Quote from: JollyGood on January 14, 2021, 11:34:44 PM

The thought crossed my mind but they have been sending billions of DOGE there, phenomenal amounts yet those amounts involved just do not seem like exchange type behaviour. This seems to be somebody who is trying to own as much DOGE as he can.

The current balance on that address is: 28,361,817,691 DOGE

CMC shows there approximate amount in circulation: 127,942,437,987 DOGE

CMC shows: 28,361,817,691 DOGE x $0.009449 current price are worth around: $267,990,815

An example: 28,361,817,691 DOGE x $0.01 are worth around: $283,671,176

An example: 28,361,817,691 DOGE x $0.0125 are worth around: $354,522.712

Just $0.01 increase in DOGE price makes the owner $280 million richer because of the amount they hold.

If there are 127 billion DOGE circulating and just one address has 28 billion DOGE, that is a huge colossal amount of the whole circulation. Imagine holding so much of one particular crypto that if the price went up by just $0.25 you would be looking at your holding worth over $7 million more. Much wow....

Quote from: StelioKontos on January 14, 2021, 11:18:46 PM

Quote from: JollyGood on January 14, 2021, 11:09:21 PM

I see no reason that provides any conclusive evidence that Musk is the owner of that address (DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L) but the numbers involved are staggering.

Could that much address belong to a very exchange trading platform of some sort?

Even though this person or people are holding 20% of the Doge supply which doesn't normally sit well with me when a huge whale owns a lot of the supply however this could be a positive because it shows that whoever this person is that they believe that the price will go up in the future. The only down fall is that for this person the price doesn't need to go up much to make a lot of money and could easily dump and bring the price down. It will be interesting to see what happens when Doge has the next leg up which could be soon.