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MarkRoberts
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Anonymous Whale holding $15B in Dogecoin bought 420.69 DOGE yesterday

Mon May 24, 2021 9:00 am

According to blockchain info, the Dogecoin address DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L owns approximately 36.7 billion coins that accumulated the balance during the crypto bear market of 2019, bought 420.69 more DOGE on Thursday.
The whale paid just $165 for the buy. However, the two numbers are profoundly ingrained in meme culture: “69” refers to a standard or unpopular fornication place while “420” refers to weed or the act of smoking cannabis.

No one knows the actual name of this “whale,” a colloquial word for an individual with a massive supply of a particular cryptocurrency or other properties. However, they currently have a $15 billion stack.

That is almost 30% of Dogecoin’s $51 billion market cap as of press time, and it was worth more than $30 billion before DOGE hit an all-time peak of $0.73 earlier this month.

As the ‘whale’ has never been officially identified, it could belong to a single individual, a community of people, a crypto exchange, or a trading company. Some argue that it is impossible to be a cryptocurrency trading wallet, but those wallets have many inflows and outflows of funds.


Source: https://mycryptoparadise.com/anonymous-whale-holding-15b-in-dogecoin-bought-420-69-doge-yesterday/

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WalletInvestor
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Re: Anonymous Whale holding $15B in Dogecoin bought 420.69 DOGE yesterday

Mon May 24, 2021 10:54 am

Interesting news! I guess Dogecoin has been getting a lot of attention lately, so it's no wonder it has attracted another whale. This purchase doesn't help the issue that much of Dogecoin's market cap is distributed between a small number of big investors, though.
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