The theory, which has long been a myth among the Dogecoin community, that a whale owns the bulk of the circulating asset, has been explained by the data as untrue.
In a news published on the Dogecoin official website recently, “A whale holds 30% of the Dogecoin supply, is that true?” An article has been published. The following statements were included in the details of the article, which completely refuted the legend in question.
A common FUD among the Dogecoin community is the claim that certain wallets that hold a large percentage of the supply are owned by private investors or ‘whales’. In reality, many of the largest Dogecoin wallets are either cold wallets or hot wallets controlled by exchanges and brokers, and thus represent Dogecoin stored for thousands of people.
In a statement confirming the article in question Dogecoin Whale Alert twitter came from. mentioned in a post 30%of your volume Robinhood It was mentioned that it is located in the wallet and represents user assets. Included in Robinhood exchange wallets $2,529,108,825 dollars It is among the shared data that assets worth approximately 30% of the total circulating supply of Dogecoin. stock exchange in cold and hot wallets of the reserved amount that you don’t belong to a whale especially underlined.
At the time of writing the news Coinecko Dogecoin price daily according to data 3.61% drop with from $0.060 traded in the markets.