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

[Husires]

If this information is correct, it is easy to influence the price. I believe that it is not a promising currency in the long term.
Dogecoin did not provide anything that would pay people to use it, as it relied mainly on the promotion that brought more demand, and from it the increase in price.
When the price starts to crash, many small investors will lose their money, and unfortunately, many people will start to believe that it will rise again and buy some of it.

[lionheart78]

If this information is correct, it is easy to influence the price. I believe that it is not a promising currency in the long term.
Dogecoin did not provide anything that would pay people to use it, as it relied mainly on the promotion that brought more demand, and from it the increase in price.
When the price starts to crash, many small investors will lose their money, and unfortunately, many people will start to believe that it will rise again and buy some of it.

That is how the market works.  Often times it is moved by speculations that is why we often see coins that have no reason to grow in a price increase in a steep uptrend.  And with DOGE with just 101 wallets that holds 67.7% the market is easily manipulated.  These people can easily pump and dump the coin.

[bryant.coleman]

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.

That's not true. Elon Musk has tweeted a few times about Dogecoin, but the Doge whales have taken his tweets out of context and used it for price manipulation. That said, Elon should take some of the blame and I am not exactly sure why the SEC is treating him with kid gloves. The whales have started to convert their Doge to USD or BTC, and eventually the inexperienced investors who make the late entry will be stuck with this shitcoin.

[hamba laeh]

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 what I'm worried about for now so I don't dare to buy Dogecoin because Dogecoin is currently at a very high price. and I'm sure Dogecoin will drop back in the near future if some of the top altcoin holders sell all the Dogecoin they own. and we will get the risk of loss.so watch out for Dogecoin holders because there will never be a notification when the Dogecoin price will drop again.

[noorman0]

CZ had said this through her tweet a while ago. Unfortunately, too many newbies perceive Doge's performance as a security token and fall in love regardless of the potential collapse they can suffer. I am sure that there is a price point that is the selling target of some doge-holding whales and will trigger other holders to sell.

[dzonikg28]

CZ had said this through her tweet a while ago. Unfortunately, too many newbies perceive Doge's performance as a security token and fall in love regardless of the potential collapse they can suffer. I am sure that there is a price point that is the selling target of some doge-holding whales and will trigger other holders to sell.

The concentration of Dogecoins in the couple of wallets mentioned here is weird. Someone really controls the coin and that is what we should be concerned about. I don't know whether another distribution is better but this one isn't good.

[meldrio1]

Oh wow, many addresses that still holds doge that worth billions of dollars. For sure the doge price will crash if those holders sold their doge at the same time but hey, this is cryptocurrency you know how risky it is..

[dzonikg28]

Oh wow, many addresses that still holds doge that worth billions of dollars. For sure the doge price will crash if those holders sold their doge at the same time but hey, this is cryptocurrency you know how risky it is..

The interesting part is that those wallets are rather new. It is not like somebody held those coins for 5 years or so, or at least it could be a realistic scenario that that person loaded those wallets (in particular the number one wallet) because of some information that the rest of the market was not aware of. Whoever possesses the first wallet, holy.

Imagine you are holding tens of billions of dollars in Doge:D You just made it to become one of the richest people in the world by holding Doge. Must feel bad for all those who had to work hard even for a million, let a lone a billion.

[djmixen]

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.

I don't see any good future about this dogecoin, obviously these coins totally one of the shitcoin but in fairness, its volume was actually insane now in the market. And very noisy recently only after Elon Musk posted on the social media of Twitter. Where this Elon obviously, was the primary manipulator of Dogecoin so far. This is what I know for sure about it.

[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.

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.

I don't see any good future about this dogecoin, obviously these coins totally one of the shitcoin but in fairness, its volume was actually insane now in the market. And very noisy recently only after Elon Musk posted on the social media of Twitter. Where this Elon obviously, was the primary manipulator of Dogecoin so far. This is what I know for sure about it.

Whether it is a shitcoin, who knows. It has a large community backing it without any doubt. Not only was the volume insane, but the ROI for all those who have been holding it even only for a couple of months.

[bittick]

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 big wallet owners sell all the Dogecoin they have I think the price will drop further. It was this anxiety that kept me from holding on to Dogecoin for long. I got into doge several times but as soon as I got the profit I immediately sold. Doge price has reached ATH lately because of the encouragement of elonmusk tweet. It would be terrible if at any time the price fell 90x the current price.

It doesn't require them to sell all the doge they have, it only requires one of the whale to sell 10% of their doge the market will already affected by it, many people actually keep watching their address and every movement matters.
I think it's crazy as well and allows market manipulation by these whales. The market could literally be brought down easily by them and even elon keep saying that the whales should sell their btc but none of them actually care. I think the whales gonna dump when the price is $1 and that alone already make them more than billionaire.

[midaslordes]

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.

For you not to get burn especially in dogecoin is to be more cautious and be attentive in the movement of it in the market knowing that there are plenty of whales of this coin. Also, time to time do check the chart as well as the price and most importantly if you can see that you already get a good amount of profit and earning with dogecoin take profit because its better to get a small gain than getting burned big time.

[rahmatullah9305]

Oh wow, many addresses that still holds doge that worth billions of dollars. For sure the doge price will crash if those holders sold their doge at the same time but hey, this is cryptocurrency you know how risky it is..

Yes, everyone knows the risks they have to understand about cryptocurrency, but everyone always takes advantage of the opportunities that are still there to get a good profit on each cryptocurrency including Dogecoin.

[dzonikg28]

Oh wow, many addresses that still holds doge that worth billions of dollars. For sure the doge price will crash if those holders sold their doge at the same time but hey, this is cryptocurrency you know how risky it is..

Yes, everyone knows the risks they have to understand about cryptocurrency, but everyone always takes advantage of the opportunities that are still there to get a good profit on each cryptocurrency including Dogecoin.

Opportunities not only imply advantages, they imply a chance that is closely related to a risk! That would be the correct explanation! Dogecoin looks more like there is a lot of greed involved.

[Sithara007]

Opportunities not only imply advantages, they imply a chance that is closely related to a risk! That would be the correct explanation! Dogecoin looks more like there is a lot of greed involved.

Greed, manipulation, FOMO.. everything is involved with Dogecoin right now. The largest holders control a huge percentage of the Dogecoin circulating supply and they are artificially inflating the prices by keeping their coins away from trading. An artificial scarcity is being created, in order to pump the prices. It will be interesting to know when they will dump their coins. Because given the poor liquidity of this coin, I won't be surprised even if the prices go down by 70% or 80% in a single day (a few days back we already had a 40% drop).

[MUG1WARA]

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.

Dogecoin isn't a promising coin, it's just a meme coin without any real product just because the price is rising doesn't mean it is a promising coin, people these days use doge as a tool for investment, since the price of dogecoin can be easily manipulated by just one tweet from Elon Musk, and holders solely rely on those tweets to make profit from doge, without those tweets dogecoin wouldn't dream of reaching this current price right now.

[dzonikg28]

Opportunities not only imply advantages, they imply a chance that is closely related to a risk! That would be the correct explanation! Dogecoin looks more like there is a lot of greed involved.

Greed, manipulation, FOMO.. everything is involved with Dogecoin right now. The largest holders control a huge percentage of the Dogecoin circulating supply and they are artificially inflating the prices by keeping their coins away from trading. An artificial scarcity is being created, in order to pump the prices. It will be interesting to know when they will dump their coins. Because given the poor liquidity of this coin, I won't be surprised even if the prices go down by 70% or 80% in a single day (a few days back we already had a 40% drop).

It is hard to anticipate what is going to happen next and we don't know what Elon is going to do next, we either ignore him or be patient, but there is no point in putting all the power into his hands.

[Vishnu.Reang]

It is hard to anticipate what is going to happen next and we don't know what Elon is going to do next, we either ignore him or be patient, but there is no point in putting all the power into his hands.

Elon's tweets are not going to anymore damage. He has been tweeting almost continuously for the last few days and that has resulted in the cryptocurrency market crashing by 40% (around $800-$900 billion in unrealized losses). The damage has been done. Now no one will take his tweets seriously anymore. His intention has been exposed and for me, it is a good thing. The sooner we get rid of Elon, that much better. And since it has happened now, the threat of any future sabotage from Elon is inexistent.

[rahmathidayat93]

Elon's tweets are not going to anymore damage.

In what ways will it not break again? if now Elon Musk tweeted against cryptocurrency,
would it be good for cryptocurrency products in the midst of the current market correction?

[dzonikg28]

It is hard to anticipate what is going to happen next and we don't know what Elon is going to do next, we either ignore him or be patient, but there is no point in putting all the power into his hands.

Elon's tweets are not going to anymore damage. He has been tweeting almost continuously for the last few days and that has resulted in the cryptocurrency market crashing by 40% (around $800-$900 billion in unrealized losses). The damage has been done. Now no one will take his tweets seriously anymore. His intention has been exposed and for me, it is a good thing. The sooner we get rid of Elon, that much better. And since it has happened now, the threat of any future sabotage from Elon is inexistent.

I don't know what's going to happen if he announces some news for Dogecoin. Some of the top wallets are still growing and buying. I don't know which of the wallets are exchange wallets but at least all those below the rank 1 wallet could be private wallets with a fortune in them.