101 addresses hold 67.7% of all Dogecoin. This is insane. You will get burned!

[shinratensei_]

It seems 2 addresses are gone already - now we have 99 addresses owning 67.23% - watch out guys because once it crashes it will crash hard!

Nevertheless I hope it will reach that dollar to sell all Dogecoin I have left into Bitcoin!  

It seems like these addresses were waiting for the market to have enough liquidity and then more addresses will try to send their doge coin to the market and boom! another dump will come very soon.
I just feel curious who is behind this major pump. Someone can afford to buy multi billion worth of doge coins.

This is crazy. People should convert their doge asap.

[Godwinpaul]

In my opinion, It's understandable that few wallets hold a substantial amount of dogecoin and that's because most people store their coin on cryptocurrency exchange Inorder to trade. Secondly, we know the dogecoin hype got its full gear from Elon musk who must have invested a whole lot into the project. No doubt, we could experience a dump, but it's still a wise idea to take advantage of the market and make some quick bucks.

[ipanks]

Dogecoin really makes a crowd this year. Many investors move their funds into Dogecoin even if they know that the price now is the very highest price to buy. I can not imagine if the dump trend is coming to the market because it can push the price to go down and even make the drops and back to the lowest price before. Elon itself can dump his coin at any price he wants but I do not think he will do that unless he needs money hahaha

[7788bitcoin]

I just feel curious who is behind this major pump. Someone can afford to buy multi billion worth of doge coins.
This is crazy. People should convert their doge asap.

The majority of the coins were pumping hard for a long time and Doge was a low value coin and the shilling of Elon Musk gives them the best platform to rally and people will be investing heavily knowing they can make a fortune with it and anyone who was holding the coin for along time also won the lottery as the price has rallied to levels we have not seen before.

This is the first time i am seeing this study about 101 addresses holding all of Dogecoin but that will be the case with all the coins in the market and hence there is nothing to worry.

[noormcs5]

The first one might be Elon Musk himself... 28.43%!

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

Watch out so you don't get burned, if they ever cash out Dogecoin goes down the toilet... just saying, it's your money after all.

Most people who invest in dogecoin do not investigate such things. If they did, they would not have invested blindly in this coin. For sure Elon musk have got big portion of his coin when it was few satoshi and now he is selling at good prices by pumping the price. Sooner or later, everyone holding dogecoin will get rekt.

[masterrex]

The first one might be Elon Musk himself... 28.43%!

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

Watch out so you don't get burned, if they ever cash out Dogecoin goes down the toilet... just saying, it's your money after all.

That was sad but true, and yet many people think that Dogecoin is a real deal with real demand and use case let us accept the reality that Dogecoin is controlled and manipulated by whales so it's up to us now if we still want to invest in Doge or not, But just always remember to invest only that you can afford to lose so just in case something bad will happen you won't regret.

[slaman29]

The first one might be Elon Musk himself... 28.43%!

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

Watch out so you don't get burned, if they ever cash out Dogecoin goes down the toilet... just saying, it's your money after all.

If this is news to doge holders, then they really need to up their game;)

DOGE has always been concentrated in the hands of a few, and these holders have never let go. When they do, it will be a lot of tears and failed stories of crypto regret.

Fun coin and I love it don't get me wrong, but I think a lot of people are walking on thin ice investing in this coin.

[concept2]

The majority of Doge coin owners hold only a small portion, so this explains the large concentration of coins at a few addresses. One must also consider that some of these addresses also belong to exchanges such as Binance, which hold consolidated coins on one or a few addresses. This reduced the individual large owners then again a little.

Sound rational. Nevertheless, it is still dangerous since only one address are holding such a large amount of doge. Everything can be brought down in just a second, especially if it is true that those crucial number dogecoins are centralized on an exchange

Most of those dogecoins are active, not like bitcoin where most of top wallet are inactive due to the loss of private key. It will be a catastrophe if all of them decide to sell all of their doge

[Hughes_Ryan]

The first one might be Elon Musk himself... 28.43%!

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

Watch out so you don't get burned, if they ever cash out Dogecoin goes down the toilet... just saying, it's your money after all.

When the eyes realized Doge was in the top 5 of the cryptocurrency market capitalization.  All here, I realize, is a magical enchantment of the spooky voices of the tweets.  Ironically, it became the truth that caused the magic of this space.  Suddenly, you realize that everything will shatter.  Lol

[criket]

The first one might be Elon Musk himself... 28.43%!

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

Watch out so you don't get burned, if they ever cash out Dogecoin goes down the toilet... just saying, it's your money after all.

When the eyes realized Doge was in the top 5 of the cryptocurrency market capitalization.  All here, I realize, is a magical enchantment of the spooky voices of the tweets.  Ironically, it became the truth that caused the magic of this space.  Suddenly, you realize that everything will shatter.  Lol

anything that grows rapidly may also be destroyed quickly. we have to have that kind of understanding.
but doge looks strong even though our belief will see Dogecoin will fall back one day.
with so many holders with a very large number. it could easily cause the Doge market to crash. we will just wait for the time.

[memyselfandi]

The first one might be Elon Musk himself... 28.43%!

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

Watch out so you don't get burned, if they ever cash out Dogecoin goes down the toilet... just saying, it's your money after all.

Dogecoin is truly a promising coin in crypto especially over the past few weeks but we can't set aside the truth that it has a huge risk despite its pump. Dogecoin is highly manipulated by the whales which is the reason why it is so hard to predict, to the point that most of its hodlers are just relying on what Elon Musk will going tweet for this day and for other days. Correct me if I'm wrong but as far as I remember, that is not how crypto market works.

It's not a promising coin, it's a pure Pump and Dump POS joke coin and the fact that it's doing well now simply means that there are tons of newbies who are going to get rekt and hate crypto once this dumps. Reminds me of McAfee pumping Verge back in 2017/2018

Well it is quite promising because it is successful in giving some profit to the small-time hodlers but yeah it is the best example of pump and dump coin in crypto market. Most of the newbies and novices in crypto trading are just looking on the chart and wait for the coin to pump, without the proper gathering of information about that coin and that is the reason why most of them are feeling broke and blame crypto when they left in the air or FOMO.

[dzonikg28]

The first one might be Elon Musk himself... 28.43%!

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

Watch out so you don't get burned, if they ever cash out Dogecoin goes down the toilet... just saying, it's your money after all.

I haven't really checked, but isn't the distribution in Bitcoin very similar? Maybe not that harsh, but I think only a small fraction of addresses holds the majority of BTC in circulation.

[Altcoinsintel]

The first one might be Elon Musk himself... 28.43%!

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

Watch out so you don't get burned, if they ever cash out Dogecoin goes down the toilet... just saying, it's your money after all.

All that Doge is about, is the Musk tweets. Everyone is buying waiting for the next pump and dump by Musk.
Doge was always a pump and dump and it managed to become a collosal one this year with the help of Elon Musk.

We have to congratulate him for becoming the top pump and dumper since McAfee.

[FairUser]

The first one might be Elon Musk himself... 28.43%!

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

Watch out so you don't get burned, if they ever cash out Dogecoin goes down the toilet... just saying, it's your money after all.

I warned my friends to be careful with these coins, it has gained too much price. So it's very risky to have holdings showing that the doge is like a balloon that can explode at any moment.

[lionheart78]

Dogecoin is truly a promising coin in crypto especially over the past few weeks but we can't set aside the truth that it has a huge risk despite its pump. Dogecoin is highly manipulated by the whales which is the reason why it is so hard to predict, to the point that most of its hodlers are just relying on what Elon Musk will going tweet for this day and for other days. Correct me if I'm wrong but as far as I remember, that is not how crypto market works.

Promising?  In what sense?  Is it right to say that a pump and dump coins where Dev had abandoned with no actual roadmap or whatsoever nor give a new innovation in the table a promising one?
With 101 addresses holding the 67.7% can go either way.  If these people decided to lock their coins, then that is 67.7% fewer coins in circulation (which is very unlikely to happen), the action can bring scarcity to the overall supply.  But then if they decided to dump then that will be a huge disaster.

[Vishnu.Reang]

Promising?  In what sense?  Is it right to say that a pump and dump coins where Dev had abandoned with no actual roadmap or whatsoever nor give a new innovation in the table a promising one?
With 101 addresses holding the 67.7% can go either way.  If these people decided to lock their coins, then that is 67.7% fewer coins in circulation (which is very unlikely to happen), the action can bring scarcity to the overall supply.  But then if they decided to dump then that will be a huge disaster.

You are correct. Changpeng Zhao called Dogecoin "the most successful and measurable joke in human history", and rightly so. Dogecoin was originally created to mock the whole idea of cryptocurrency and now it is the 5th largest cryptocurrency in terms of market cap. And during the last 4 months, DOGE exchange rate (vs USD) has gone up by more than 100 times, while that of BTC has increased only by 3 times. This is what hype can do in cryptocurrency market.

[Spack17]

The first one might be Elon Musk himself... 28.43%!

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

Watch out so you don't get burned, if they ever cash out Dogecoin goes down the toilet... just saying, it's your money after all.

This is absolutely an insane thing. As Elon Musk continues to manipulate Dogecoin price, so many people have invested in it. And the number of this kind of people increases as time goes by. It's really a too risky investment, in my opinion. It feels like it will reach one dollar at least. But if Elon Musk stops supporting Dogecoin, it's very likely that things could be upside down.

[redwine49]

I just feel curious who is behind this major pump. Someone can afford to buy multi billion worth of doge coins.
This is crazy. People should convert their doge asap.

The majority of the coins were pumping hard for a long time and Doge was a low value coin and the shilling of Elon Musk gives them the best platform to rally and people will be investing heavily knowing they can make a fortune with it and anyone who was holding the coin for along time also won the lottery as the price has rallied to levels we have not seen before.

This is the first time i am seeing this study about 101 addresses holding all of Dogecoin but that will be the case with all the coins in the market and hence there is nothing to worry.

But it is very risky i can not see anything in the long run. Dogecoin is just the first version of cryptocurrecy just like bitcoin.
Unlike bitcoin is the medium of exchange for all cryptocurrecy exclude fiat or smart contract token.
But Dogecoin is nothing, this multibillion $ only depend on elon musk & his fan.

[dzonikg28]

The first one might be Elon Musk himself... 28.43%!

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

Watch out so you don't get burned, if they ever cash out Dogecoin goes down the toilet... just saying, it's your money after all.

All that Doge is about, is the Musk tweets. Everyone is buying waiting for the next pump and dump by Musk.
Doge was always a pump and dump and it managed to become a collosal one this year with the help of Elon Musk.

We have to congratulate him for becoming the top pump and dumper since McAfee.

Damn it 13 addresses hold close to 50% of the total DOGE supply. I bet that among those 13 addresses several of those belong to the same person. Check out how old the address is and when the first input happened. In June! 2019. It is a relatively new address.

It's speculation, but that is a wealthy individual. 935 Inputs. Someone acquired large amounts of DOGE carefully, didn't intent to pump the market too early. If that person also owns address 3 and 4 he or she owns about on third of the total supply. It could also be a group of investors of course.

[iTradeChips]

The first one might be Elon Musk himself... 28.43%!

https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html

Watch out so you don't get burned, if they ever cash out Dogecoin goes down the toilet... just saying, it's your money after all.

Dogecoin is truly a promising coin in crypto especially over the past few weeks but we can't set aside the truth that it has a huge risk despite its pump. Dogecoin is highly manipulated by the whales which is the reason why it is so hard to predict, to the point that most of its hodlers are just relying on what Elon Musk will going tweet for this day and for other days. Correct me if I'm wrong but as far as I remember, that is not how crypto market works.

Since you have mentioned it, I tried to think out of that idea that "Dogecoin is highly manipulated by the whales", and I am beginning to believe that you are absolutely right about that idea. I mean I was happy for the common folk who has invested in DOGE that made so much money out of it. But now we need to worry as well because one big sell from those whales then it will be over for DOGE holders and they will lose so much money in the process.