Robinhood CEO talks about mysterious Dogecoin whale

TL; Distribution DR

  • A whale amassed 797 doges this week
  • No one knows who or where the whale operates from

Dogecoin, by far the most talked about cryptocurrency over the past month, has once again been the subject of another controversy, especially regarding the coin’s largest owner.

An address with 36.7 billion dogecoins recently amassed 797 DOGE this week and 3,755 coins in the past month. Crypto speculators believe this wallet is a huge whale, while others have speculated that it was Elon Musk or the dogecoin cold storage of the Robinhood trading platform.

Is this Elon CEO Elon Musk? The same address also has a history of transaction 28.061971 DOGE, which happens to be Elon Musk’s birthday – June 28, 1971.

But Musk points to Robinhood, Vladimir Tenev’s business empire, as the possible owner. Tenev says that’s not the case.
“All of the coins we hold are intended to provide access to funds to our clients. We don’t have significant positions in any of the pieces that we hold on an exclusive basis or something like that. “

Change in Zhao’s thinking on the mystery of the Dogecoin whale

Binance CEO Changpeng Zhao says he is certain that the owner of the largest DOGE wallet is not Binance. He is also skeptical that another exchange is the entity behind the wallet in question.
“Elon, the first one (with 30% of the total supply) is NOT owned by Binance. I seriously doubt that it belongs to any other exchange based on usage model etc. I could be wrong. Who told you? You might want to check your source. All my wishes.”

Although the identity of the Doge Whale remains unknown, Musk remains a strong supporter of Dogecoin, and Robinhood is one of the primary ways in which retail traders buy DOGE. The billionaire has always been after the development of the meme and is constantly talking about it on social media.

Musk said he hasn’t sold his dogecoin holdings and won’t sell them at all. He responded to Dave Lee’s comment on his post on Friday.

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