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❕NEWS Binance CEO: 27% of All Dogecoin is Held at One Address

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aryan4

aryan4

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Binance CEO Changpeng Zhao shared the pros and cons of Dogecoin (DOGE)..... pointed out that 27% of all DOGEs belong to a single address....
What do you think of an abandoned coin Dogecoin?

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Josemendez said:
I doubt if he was the real person that created dogecoin. He only wants to enjoy putting people in pressure ,because of his status . He should have shown the world his dogecoin holdl
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Yeah @Yugocean as clarified that he is only a fan of doge and bitcoin but the creator. His tweet has cause more trading traffic on doge market.
 
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If twenty seven percent of the total dogecoin supply is being held in one wallet and over fifty percent is being held by the top ten wallets, it's no wonder that dogecoin has been slow to increase in value.
 
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sagefave said:
If twenty seven percent of the total dogecoin supply is being held in one wallet and over fifty percent is being held by the top ten wallets, it's no wonder that dogecoin has been slow to increase in value.
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Apparently it is but so far this hasn't happened. When the familiar names began to pump, it seemed a bit lively. I think we will have the opportunity to test what will happen over time.
 
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I think when whales start withdrawing the dogecoin , it might be really hard for the coin to bounce back because if would fall greatly ,so i am still thinking about how risky it is
 
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I'm suspecting Elon Musk, because he has been promoting DGOE, and since then we have witness tremendous rise of the coin, their aim is to make dogecoin the second most sorted Cryptos after bitcoin.
 
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sagefave said:
If twenty seven percent of the total dogecoin supply is being held in one wallet and over fifty percent is being held by the top ten wallets, it's no wonder that dogecoin has been slow to increase in value.
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It is unfortunate that even with all the recent hype about Dogecoin, I doubt that anything has changed. The team behind the coin have a lot of work to do for the coin's success.
 
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aryan4 said:
Binance CEO Changpeng Zhao shared the pros and cons of Dogecoin (DOGE)..... pointed out that 27% of all DOGEs belong to a single address....
What do you think of an abandoned coin Dogecoin?

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Dogecoin is still not too in my opinion for heavy investment considering the nature and addresses holding the coin. Even though there are whales everywhere in crypto, its whales are just too strong and if they act anytime it might drag the coin down a lot.
 
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Damscooguns73 said:
Concerning binance CEO saying that 27% is held at one address. Well, I dont really understand this but it seems like the larger percentage of the coin investment is help by a person or group of people which they might sell and it could lead to reduction in the coins value
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I think he actually meant that the coin has a whale and therefore if the whale withdraw 20% of the coin value would drop rapidly i think
 
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It's believed that the holder of this coins is Robinhood.. since they won every Dogecoin on their platform which is being bought by traders... I think it's true
 
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Pcesc-JR said:
Hmm, i was thinking that he meant, if 27% of the wallet address uses same address to transact dogecoin successfully, it is easily trackable and traced in the dogecoin blockchain. Maybe dogecoin generates look alike addresses and not having different look addresses like BTC, ETH, XRP etc.
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That wont make it been easily tracked , even litecoin have same adress like other coin , but its still hard to track , so that is how the coins look like
 
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crypworld said:
It's not all over. Here is a good read about Dogecoin Price Prediction

If they are able to overcome the present situation, it seems DOGE may surge 10% after bouncing off due to the higher lows as a result of aggressive buyers.
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Yeah many buyers are really enter in the market now ,it was formally low but now the price have increase and spike higher ,this makes me suprise
 
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