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  2. Crypto Discussion Forum
  3. Pump & Dump
  4. Elon Musk admits that Dogecoin is too concentrated

Elon Musk admits that Dogecoin is too concentrated

salvadormartin
2022-10-27 06:18:05

Basically, Around 50% of all DOGE is held in just 20 wallets.
Not counting the 5 billion additional coins put into circulation every year
the absolute definition of shitcoin, pumped by the pump master

Post Reply  
anabellcortess
2022-10-27 06:30:36

This is why we call there are whales in the crypto industry. We cannot imagine if those 20 big players who have 50% Doge to cooperate together on pump-dump of Dogecoin. They will drop Doge price dropping first with a negative issue, then they will pump it by cooperating with Elon musk tweets. Can you imagine guys if they will get full supports from Elon Musk? This will be a big pump-dump coin forever.