There is a Dogecoin holder identified as an anonymous Dogecoin whale who has been holding 420.69 meme cryptocurrency for the past two years.
No one is aware of the Dogecoin address. Presently the address, that is, ‘DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L’ holds 36.7 billion Dogecoins worth $15 billion.
Anonymous Dogecoin Holder Controls $15B in Cryptocurrencies
The address currently holds 36.7 billion meme cryptocurrency since 2019. This shows it holds approximately 28% of the total dogecoin supply. With the meme token currently trading at $0.3937, the address’s monetary value stands at $14.7 billion.
Investors have been wondering for months about the man behind the doge wallet. The address could belong to a person, a market maker, or an exchange, but the references to the meme numbers “420” and “69” suggest that the transactions are being made by a participant in the joke.
Inflows and outflows will occur at a cryptocurrency exchange address. This address has only held a DOGE. On April 12, the address sold 100 million coins, but that was its only sale in 2021.
Is Elon Musk An Anonymous Dogecoin Holder?
Some online forums speculate that the address belongs to Elon Musk, the “dogefather.” The address inserted 28.061971 Dogecoins three times, objecting towards Elon Musk’s birthday on June 28, 1971.
Such transactions, however, may simply be a tribute to Musk rather than being completed by Musk himself. In February, Tesla CEO Elon Musk warned that the main threat to Dogecoin is its excessive concentration among just a few digital wallets.
On Thursday, Dogecoin increased 15% in a matter of minutes after Musk sent yet another obscure tweet regarding the meme cryptocurrency. The coin’s advances have since been scaled back, but it is still up 6,500 % year to date.
