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[AudraMiller]

Recently one of the concerns that Elon Musk has expressed regarding the cryptocurrency and in specific dogecoin, was that there are a lot of whales within this currency and this can obscure the market and result in a lot of trade power going to these individuals. As a result he has requested that if the large investors within this currency had to forgo or sell off what they have then he would be able to get behind the currency fully. There are 12 main investors within this coin and they will have over a billion each. However it seems that now there's just 11 major investors and therefore it seems that one of the whales has listened to the warning given by Elon Musk which could show a lot of promise for this coin in the future.What are your thoughts on how this can affect dogecoin?

 

[Niftyicon]

I do not understand why someone or more have to dump for the coin to be successful or receive full backing of Musk or even the people.

 

[Wisdom01]

I really don't understand because i noticed quite well that whales dont sell off just like that ,when the price is increasing they sell bit by bit i think

 

[sagefave]

Elon Musk has tweeted severally about dogecoin and these tweets were able to influence the market direction of the coin, seeing dogecoin appreciate in value. I'm curious to see how getting the whales to sell would affect dogecoin price.

 

[microunit]

Elon Musk has tweeted severally about dogecoin and these tweets were able to influence the market direction of the coin, seeing dogecoin appreciate in value. I'm curious to see how getting the whales to sell would affect dogecoin price.

if major whales were to sell it would greatly make the price plummet, though after which it could also be a chance for other investors to buy the dip, though it's really doubtful that a whale would just sell a big ton of his dogecoin considering the rise, Can't really trust this news prob just a hoax

 

[BullyMaguire]

I don't understand... Why? Isn't it good to have whales because they have bigger impact on the price? If anything i wish there's a lot but i guess I don't really understand

 

[Yugocean]

Whales are whales, they won't listen to others. Santoshi Nakamato is biggest Bitcoin whale, he too is enjoying. Dogecoin owners might move to other currencies if they have to sell the doge.

 

[Rollerkid]

Recently one of the concerns that Elon Musk has expressed regarding the cryptocurrency and in specific dogecoin, was that there are a lot of whales within this currency and this can obscure the market and result in a lot of trade power going to these individuals. As a result he has requested that if the large investors within this currency had to forgo or sell off what they have then he would be able to get behind the currency fully. There are 12 main investors within this coin and they will have over a billion each. However it seems that now there's just 11 major investors and therefore it seems that one of the whales has listened to the warning given by Elon Musk which could show a lot of promise for this coin in the future.What are your thoughts on how this can affect dogecoin?

I don't think the warning given by Elon Musk is a sound one, maybe he just want to scare investors of the dogecoin away and when they are away, he then buy many to controlling the price again.

 

[Josemendez]

Recently one of the concerns that Elon Musk has expressed regarding the cryptocurrency and in specific dogecoin, was that there are a lot of whales within this currency and this can obscure the market and result in a lot of trade power going to these individuals. As a result he has requested that if the large investors within this currency had to forgo or sell off what they have then he would be able to get behind the currency fully. There are 12 main investors within this coin and they will have over a billion each. However it seems that now there's just 11 major investors and therefore it seems that one of the whales has listened to the warning given by Elon Musk which could show a lot of promise for this coin in the future.What are your thoughts on how this can affect dogecoin?

I think this is more of selling for profit or personal reason than heeding to Elon Musk tweets. Large investors do not need to listen to him