Hopefully the richest Dogecoin holder is either Musk or the common man who invested heavily at the right time. It turns out that it is a mysterious whale that has also expanded its portfolio in recent times. According to Bitinfocharts, the Dogecoin address DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L added about 420.6899 Doge, worth $ 192, which skyrocketed all of its holdings to $ 36.7 billion of Dogecoins. This means that these coins are worth $ 15 billion!
Who owns these Dogecoins?
This mysterious whale added these denominations in 2019. It skyrocketed to nearly $ 22 billion, but due to the recent collapse in the cryptocurrency market, the value has since dropped to $ 15 billion. As of now, everyone is unsure about the whereabouts and identity behind this Doge wallet. In a conversion with crypto experts, the unidentified ID must belong to an individual or exchange!
Some people were of the opinion that Robinhood was behind this. However, owner Vlad Tenev put an end to these speculations. Some also believe that this could be the same Elon Musk as there were 3 whale wallet transactions worth 28.061971 Dogecoins each, which coincidentally [or not] are added to his date of birth: June 28, 1971.
The cause of concern
A secret whale has many Dogecoins that are worth a great fortune. While the idea is exciting, it is actually concerning to other Dogecoin investors. The financial health of the currency is at stake if a person or a stock market has that much wealth.
Musk has also led Dogecoin’s main owners to sell their coins. He will fully support them and actually provide dollars for the same.
Have you invested in Dogecoin? If so, how does this new revelation affect you? Let us know in the comments.