Word. Well there are a few doge wallets that hold 70% of the coins in circulation. That % may be off but ya definitely someone dumped when it was originally on ita rise to a buck Some think its robinhood.

doge is the OG meme coin. why anyone was shocked when people who bought a bunch of it at $0.00002 sold at $0.70 is a little silly

Tru. Thats hella profit %

you have to add in the fact big money spend millions advertising this coin in ways that's considered market manipulation under the SEC. doge coin isn't protected by the SEC so people can trade/manipulate it secretly and as they like.

Who knows though. I have my doubts on crypto currency all together as an investment. But I'm sure ppl will make money but most will lose. I have hard doubts bitcoin went from 10k to 50k in a year with retail investments. Its owned buy big money like all the crypto so they can manipulate it as they please to swindle retail investors. Dont get me wrong they all ready do this on the stock market but they come with large fees and fines from the SEC. If BlackRock makes 5 billion on shady deals but the SEC fines them 5 million BlackRock ain't going to care and keep illegal practices going.

wait? I dont trade crypto but from my understanding reading this that a few ppl own 70% of doge coin?

bold; well yeah there was substantial institutional buying once it started approaching its ATHs again back in 2020

Pushing doge (or any alt coin) ads via algorithm to anyone who searched crypto on the internet is dirt cheap compared to traditional marketing budgets. doge also has the unqiue advantage of being around for so long and being “bought up” by people when it was 1/500th of a penny

yikes I didn't even know this about doge before today..... that's incredible disturbing.....


https://www.gfinityesports.com/cryptocurrency/who-owns-the-most-dogecoin-2021-biggest-dogecoin-holders-whales/

"Much like other cryptocurrencies, there are a number of Dogecoin 'whales' who own a significant amount of DOGE. In fact, just under 100 Dogecoin wallets account for 65% of the total DOGE (via BitInfoCharts).

The top account, with the address 'DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L', currently holds 36,711,943,025 DOGE - or 28.28% of all Dogecoin. This has a value of over $13.65 billion at the time of writing."


A few hours ago I went on YouTube to try and locate the ad.they used to play before videos but couldn't find it. I did find fan or shill made videos claiming "doge coin was the crypto for the average folk". Yeah, totally when 65% and likely higher is owned by billionaire hedge funds who have decades of experience in manipulating the stock market regulated by the SEC now created a new market to manipulate... Quite interested and no doubt movies will be made on it in 100 years

Cra cra

how much doge do you own and what your average buy price? if you dont mind me asking

65% reside in 100 wallets, which does not necessarily mean it’s 65% owned by billionaire hedge funds. unless the people who hoovered it all up early days are running hedge funds