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The #1 doge wallet owning 27% of supply, might be an exchange wallet because it gets several doge per hour. Or the greatest DCA in history

The #1 doge wallet owning 27% of supply, might be an exchange wallet because it gets several doge per hour. Or the greatest DCA in history



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  1. Looks like mining payed in doge to me. If I had to bet I would say these high cap doge holders are located in Wuhan. The same people that run the big BTC mining farms.

  2. Pretty sure this is the case. There was a post in /r/dogecoin explaining why the top wallets aren’t a concern mentioning a few exchanges as the owners. Can’t seem to find the post though.

  3. Well its either an exchange or its a whale strategy that some mega whales use.

    Lets say a mega whale has bought 25% of the supply for around 0,01 cents. And they used 50% of their net worth to buy it.

    As the coin pumps they artificially inflate the price by pumping it harder and buying even more, to make other people buy even more. I mean maybe its going to cost them 50% of their total net worth. But thats okay because the money they make on the previous 50% is insane. So they lose some by inflating the price, but they make more with their old holdings.

    Then they just dump the price in a horrific way, like mostly they just market sell it and you get giant red dildos which put the price down in minutes.

    So in a few weeks we will see what happens right?

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