Cryptocurrencies beyond the Earth
At the moment the dogecoin is trading around 50 cents, compared to the historical peak of 72 cents reached on Saturday. But the gain compared to a year ago is close to 20,000%: in May 2020 it could be bought for less than a quarter of a cent.
To give a push to dogecoin it was Musk who had spoken of it as an innovative and visionary project, so much so that at the beginning of April he had claimed that he would take it to the moon to demonstrate that cryptocurrency has a reach that goes beyond the earth’s orbit. . No one had believed him and instead Musk confirms that he is absolutely unpredictable.
In the meantime, however, a mysterious address emerges that owns dogecoin for a total of just under 20 billion dollars.
A billionaire “whale”
The address DH5yaieqoZN36fDVciNyRueRGvGLR3mr7L started buying coins in February 2019, as reconstructed by Business Insider on the basis of Bitinfocharts data: then dogecoin was worth $ 0.0018, today it is worth 0.50, with a rebound that exceeds 30 thousand for one hundred.
According to Friday’s data, 36.7 billion dogecoins have accumulated in the wallet: on Saturday they were worth more than 26 billion dollars, on Monday “only” 18 billion. In any case, a “whale” as in the cryptomondo indicates the billionaire wallets. That Musk himself may be hiding behind that address is just a suspicion that cannot be verified.