Today the CEO of Tesla said he supports major Dogecoin owners who sell a massive portion of their coin stock.
He added that he will pay whoever does that.
Regardless of whether this is a joke, the issue of focusing on “Dogecoin” fortune is real.
Reports show that one item holds more than 25% of the full market estimate for a coin.
The current overall market estimate for Dogecoin is over $ 7 billion at the time of writing this post.
This means that this article is claiming more than 1.8 billion dollars in Dogecoin.
Moreover, around twenty Dogecoin addresses account for more than half of the coin's current streaming stock (over $ 3 billion).
While it is almost certain that these are the stages of exchange that hold 'Dogecoin' as a provider in their cool wallets, it has not been realized by any stage of exchange at this point.
Centralizaion !
It welcomed the most important advanced cash campaign "Dogecoin" to display their holdings in a bid to make money more decentralized, and out of the control of formidable whales.
What "musk" is doing is to make advanced cash "Dogecoin" more decentralized, and if the whales sell their cash, the money will become more decentralized, and then the money may lose help, which she agreed to as a comment on this tweet.
Centralization of Dogecoin is a problem with DOGE's long-term fundamentals.
Contract sourcing means costs can be wrongly and excessively raised for a few huge wallets.
Moreover, when such bulky wallets finally decide to sell, the cost of DOGE inevitably falls.
Along these lines, any time things were more decentralized, the ups and downs in the cost of cash were normal, far from the fake pull-outs.
The computerized Dogecoin coin was created in 2013 as cryptocurrency as a joke, but it recently turned into advanced money based on the planet's interest after tweeting about it by Mask and several other VIPs on the Internet.
Will big coin holders interact with "Elon Musk" and sell what they currently own with the goal of converting cash into individual money, Musk guarantees?
