DogeCoin (DOGEUSD)

[xZx]

on february 14th, elon tweeted dogecoin had "too much concentration" of whales. he said this after february 8th, when TSLA bought a ton of bitcoin -- which has just as much, if not greater, concentration of large holders.

this article is from 2017, but i doubt things have changed much since.

"The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market"

https://www.bloomberg.com/news/articles/2017-12-08/the-bitcoin-whales-1-000-people-who-own-40-percent-of-the-market

crypto is controlled by a handful of really rich people. if they love your coin, it will run, if they don't, it won't.

are whales realizing bitcoin's days of doing 100X profit are over, and do they see dogecoin as being the next 100X vehicle?

as with any asset, if the powerful people own it, they will figure out a way to manipulate the price higher.

for some of these billionaires, it might be as simple as asking a group of market makers to hop to it.