Post
Topic
Board Altcoin Discussion
Re: 101 addresses hold 67.7% of all Dogecoin. This is insane.
by
iTradeChips
on 02/05/2021, 10:04:34 UTC
The first one might be Elon Musk himself... 28.43%!

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

Watch out so you don't get burned, if they ever cash out Dogecoin goes down the toilet... just saying, it's your money after all.
Dogecoin is truly a promising coin in crypto especially over the past few weeks but we can't set aside the truth that it has a huge risk despite its pump. Dogecoin is highly manipulated by the whales which is the reason why it is so hard to predict, to the point that most of its hodlers are just relying on what Elon Musk will going tweet for this day and for other days. Correct me if I'm wrong but as far as I remember, that is not how crypto market works.

Since you have mentioned it, I tried to think out of that idea that "Dogecoin is highly manipulated by the whales", and I am beginning to believe that you are absolutely right about that idea. I mean I was happy for the common folk who has invested in DOGE that made so much money out of it. But now we need to worry as well because one big sell from those whales then it will be over for DOGE holders and they will lose so much money in the process.