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Only 100 Wallets Control 98% Of Doge Coin 50 Billion Dollar Market Cap



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 1 month ago '06        #1
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Bilal  topics gone triple plat - Number 1 spot x10
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Only 100 Wallets Control 98% Of Doge Coin 50 Billion Dollar Market Cap
 

 
As I said yesterday I'm not touching it but those of you that are in it don't get greedy because when they dump you're gonna lose everything. I got called a hater because I said doge is useless lol.

Dogecoin (CRYPTO: DOGE) has been hard to ignore lately, as the meme-based cryptocurrency rose to become the sixth-largest with over $46 billion in market cap.

What Happened: With 7,000% year-to-date returns and considerable outperformance against several top cryptocurrencies, DOGE’s appeal to retail investors has steadily been on the rise.

However, several crypto influencers and traders have cautioned against going “all-in” on DOGE, citing concerns of a few large holders controlling the majority of its supply.

See also: How to Buy DOGE

Over 65% of Dogecoins are distributed among just 98 wallets across the world, while the single largest wallet holds 28% of all Dogecoins.

In fact, just five wallets control 40% of the coin’s supply.

Essentially, around 100 people control the entire $46 billion DOGE market.

“The scam is simple - Hold on to Dogecoin till there is enough traction after it multiplies, dump all coins and cash out - Become instant billionaires,” said Akand Sitra of cryptocurrency risk management platform TRM Labs.

Why It Matters: Sitra’s analysis of DOGE’s supply distribution was possible due to the nature of blockchain transactions, which are available for anyone to see on the open distributed ledger.

Some on-chain analytics of the top DOGE holders led experts to believe that the cryptocurrency’s supply is concentrated among just a few holders.

“The Dogecoin bubble will burst by the end of this year, easily,” said Sitra.

Other traders in the space echoed this sentiment, calling it the reason why they will never be in DOGE “no matter the gains.”


At press time, DOGE was trading at $0.3976, up 32% overnight and 394% in the past seven days. DOGE holders were preparing for April 20, where a large group of retail traders has predicted the coin will touch $0.69.

visit this link https://finance.yahoo.com .. 103247173.html
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48 comments
 

 1 month ago '21        #2
RackboyCam 
Props total: 282 282  Slaps total: 52 52
Clock is ticking on this one get out while you can you’ve all been duped

 1 month ago '07        #3
Adam Is BeTTeR 
Props total: 9120 9 K  Slaps total: 1197 1 K
Everyone who purchased this on Robinhood is about to get fu*ked

+1   

 1 month ago '18        #4
ether  topics gone triple plat - Number 1 spot x3
Props total: 12712 12 K  Slaps total: 9725 9 K
 Adam Is BeTTeR said
Everyone who purchased this on Robinhood is about to get fu*ked

I'm only going to say this once: watch your tone.
-6   

 1 month ago '16        #5
Homer Pimpson 
Props total: 29711 29 K  Slaps total: 6380 6 K
You dudes about to get rekt
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 1 month ago '04        #6
Tic Toc 
Props total: 9897 9 K  Slaps total: 831 831
Like I said before....

I only put $100 in when it was at .004...now it's currently @ .63.... It's all house money now playa...

I'm at like 16K ...off 100....Let that sh*t ride...
+44   

 1 month ago '16        #7
Homer Pimpson 
Props total: 29711 29 K  Slaps total: 6380 6 K
 Tic Toc said
Like I said before....

I only put $100 in when it was at .004...now it's currently @ .63.... It's all house money now playa...

I'm at like 16K ...off 100....Let that sh*t ride...
Sell off some of ur profits b
+9   

 1 month ago '17        #8
92baby 
Props total: 71385 71 K  Slaps total: 9432 9 K
 Tic Toc said
Like I said before....

I only put $100 in when it was at .004...now it's currently @ .63.... It's all house money now playa...

I'm at like 16K ...off 100....Let that sh*t ride...
You the man

Ima dip off right before or right after snl

sh*t I might dip off Friday if it hits a dollar

n*ggas panic selling when that dropped to 50


Doge will always be a buy low sell high

I bought in at .34 cents

I’ll buy in at the low when it comes back around
+6   

 1 month ago '18        #9
BrooklynDamien  topics gone triple plat - Number 1 spot x2
Props total: 38059 38 K  Slaps total: 3326 3 K
One of those big wallets is robinhood. I would guess another is webull. When it dipped from 42 cents when wb started offering it a wallet dropped out out of one of the whales. They cashed out and it fell in the 20s. That's where I bought some. Made some bread 4/20 and jumped in yesterday again. May 7th and then I'm chilling on doge for a min. Dca in a few other coins that I'm lending on kucoin, xrp and xyo, and buying more mir there just to hold
+10   

 1 month ago '21        #10
LuxG2 
Props total: 8281 8 K  Slaps total: 1372 1 K
 Tic Toc said
Like I said before....

I only put $100 in when it was at .004...now it's currently @ .63.... It's all house money now playa...

I'm at like 16K ...off 100....Let that sh*t ride...
if true it’s crazy how y’all tell random Internet strangers what you have invested…
-10   

 1 month ago '15        #11
Johnny Cinco 
Props total: 15303 15 K  Slaps total: 4119 4 K
You are fu*king idiots. They are exchanges.
+7   

 1 month ago '04        #12
Tic Toc 
Props total: 9897 9 K  Slaps total: 831 831
 LuxG2 said
if true it’s crazy how y’all tell random Internet strangers what you have invested…
Why....I hope it does some sort of benefit to you or anyone who reads it...my goal is to help people see what i did and why...so that they can learn and hopefully come up as well....

I'm not with all those pretentious a**holes on this site who just spew hatred and unconfirmed negative sh*t to people...to me that's crazier than what you're suggesting...

so clearly you don't subscribe to the "EACH ONE TEACH ONE" mode of thinking...so i guess you'll never understand how a true community works....and you may be the actual cause of everything you find "wrong" with what's happening in the world today.

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 1 month ago '21        #13
sideline 
Props total: 1041 1 K  Slaps total: 198 198
Thread title is a lie. The article don't even say that. I don't understand the hate.
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 1 month ago '06        #14
Bilal  topics gone triple plat - Number 1 spot x10 OP
Props total: 149670 149 K  Slaps total: 15495 15 K
 Tic Toc said
Like I said before....

I only put $100 in when it was at .004...now it's currently @ .63.... It's all house money now playa...

I'm at like 16K ...off 100....Let that sh*t ride...
Smart investing this is for the n*ggas thinking it's gonna hit 2-20 dollars and sh*t. It's gonna be ugly for them lol.
+4   

 1 month ago '20        #15
UncleSpo  topics gone triple plat - Number 1 spot x5
Props total: 10966 10 K  Slaps total: 4866 4 K
OP mad cause he ain't get dodge at .01
+6   

 1 month ago '16        #16
Boogie1790  topics gone triple plat - Number 1 spot x1
Props total: 54194 54 K  Slaps total: 8550 8 K
 LuxG2 said
if true it’s crazy how y’all tell random Internet strangers what you have invested…
Wtf can we do? If we were going to hack an account why go for his. Its bigger fish we could hack
+5   

 1 month ago '05        #17
Flatbush85  topics gone triple plat - Number 1 spot x1
Props total: 14360 14 K  Slaps total: 1404 1 K
Important info for Dodgecoiners:

Top 100 Richest:
86,473,023,935 DOGE
($53,691,061,871 USD)
66.84% Total

Wealth Distribution
Top 10/100/1,000/10,000 addesses:
44.56% / 66.84% / 80.81% / 89.47% Total

Addresses richer than
1/100/1,000/10,000 USD:
3,003,999 / 1,443,306 / 594,523 / 162,550
+3   

 1 month ago '16        #18
GoCop 
Props total: 2206 2 K  Slaps total: 278 278
DOGE is a piece of sh*t and bad for the legitimization of crypto
+9   

 1 month ago '17        #19
92baby 
Props total: 71385 71 K  Slaps total: 9432 9 K
 Bilal said
Smart investing this is for the n*ggas thinking it's gonna hit 2-20 dollars and sh*t. It's gonna be ugly for them lol.
Bought in at 34 cents if it hits only 80 tops I’m cool

But for n*ggas that’s gonna get in now to snl gonna be sad as sh*t
+6   

 1 month ago '15        #20
vlive 
Props total: 8695 8 K  Slaps total: 531 531
Doge two years away from two years away
+2   

 1 month ago '07        #21
Windigo 
Props total: 2696 2 K  Slaps total: 328 328
single largest wallet holds 28% of all Dogecoins

46 billion dollar market

+4   

 1 month ago '04        #22
dblock187s 
Props total: 6977 6 K  Slaps total: 1210 1 K
 Tic Toc said
Like I said before....

I only put $100 in when it was at .004...now it's currently @ .63.... It's all house money now playa...

I'm at like 16K ...off 100....Let that sh*t ride...
I'm hating, but good for u I gotta just catch the next wave

+1   

 1 month ago '15        #23
Johnny Cinco 
Props total: 15303 15 K  Slaps total: 4119 4 K
 Tic Toc said
Like I said before....

I only put $100 in when it was at .004...now it's currently @ .63.... It's all house money now playa...

I'm at like 16K ...off 100....Let that sh*t ride...
It’s the people on the sideline with the most to say.

The people who never knew about the wave.
+4   

 1 month ago '07        #24
stogz 
Props total: 104267 104 K  Slaps total: 13531 13 K
Listed a bunch of reasons why not to get it... but, none of those reasons were that this imaginary coin was started as a joke.
+1   

 1 month ago '04        #25
Tic Toc 
Props total: 9897 9 K  Slaps total: 831 831
 dblock187s said
I'm hating, but good for u I gotta just catch the next wave

I only tell the story so yall can try the same thing...I went in thinking....I've blown $100 on a bunch of sh*t in my life...Why not put it somewhere it MIGHT actually pay off....
+3   



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