I hope the Doge army won’t downvote me to oblivion for this post but Doge has issues which has to be addressed. I want to share an informative [Website]( , which enables you to track the Top 100 richest addresses of several coins.
In the top left corner select “Rich List”. Then chose the coin which you wanna inspect further.
Here is the rich list of Doge: [
**The biggest Doge whale**
As you can see 1 Wallet owns 23.1% of the current Doge supply.
These are 30,784,599,383 DOGE with a current value of $ $4,618,562,818
Link to his/her wallet: [
15 Addresses own another 24,91% of the current Doge supply.
And the top 108 Doge addresses own 64.9% of the current Doge supply.
The biggest whale alone has a huge impact on Doge.
The top 15 Wallets can perform huge pump & dumps.
The top 108 Wallets basically rule over Doge and could determine the price of Doge.
Also there are some public figures pumping up this coin \*cough\* Melon Dusk \*cough\* and leading their followers into a very centralized and risky investment.
Yes you could make profit with Doge, yes it’s a gateway for many people into Crypto but neither you nor the market decides if you will gain or lose money.
A single wallet alone can trigger a pump/dump and determine if you will make/lose money on Doge.
This is the potential danger of a centralized coin.
[Top 100 richest Monero addresses](https://np.bitinfocharts.com/top-100-richest-monero-addresses.html) is quite interesting as well
Beware any coin which a single person can pump via nothing more than a simple text. Token economics aside, that’s the epitome of a shit coin.
It’s true. Risky coin and doesn’t track very tightly to most major coins. It has a tendency to do the opposite
Haven’t seen a Doge post in a while.
Yes, someone starting with E and finishing with lon..
Elon is full of surprises, it’s just wise to keep a few Doge coins.
Who on earth would buy doge…
This is why I left Doge. Doge is what got me into crypto but after actually learning and researching about crypto, the ability to be manipulated by 1 persons tweet is a red flag.
That’s another reason not to invest into doge
Which of those addresses are exchanges doh ?
Your link doesn’t work. Gotta remove the np.
The np prefix is only for reddit links 😉
Wow, that’s shitcoins’ level whales! Ho wait!
Maybe Elon is the owner of biggest dodge wallet?
I feel like some other cryptos have these types of issues as well.
Waiting for Elon musk tweets 😂
beware the doge
Not just DOGE tbh, reality is most coins have massive whales that can affect price
A lot of time without seeing a DOGE post here.
>A single wallet alone can trigger a pump/dump and determine if you will make/lose money on Doge.
It just needs a single tweet.