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IPFS News Link • Cyberspace and the New Economy

Who Owns the Mystery Dogecoin Whale Address? Robinhood's CEO Dismisses Speculation

• https://news.bitcoin.com, by Jamie Redman

An address with 36.7 billion dogecoin has recently amassed 797 DOGE this week and 3,755 coins during the last month. Crypto speculators think this wallet is a massive whale, while others have assumed it's Elon Musk or the trading platform Robinhood's dogecoin cold storage.

Random Whale, Elon Musk, or Robinhood? Why the Dogecoin DH5ya Address Is Still an Unsolved Mystery
The cryptocurrency dogecoin has had a phenomenal year so far in 2021, as the meme-currency that features the face of the Shiba Inu dog has gained 15,617% year to date against the U.S. dollar. In recent times, dogecoin tapped an all-time high at $0.73 more than 13 days ago, but has since dropped to roughly $0.36 per unit. Despite the crypto market rout during the last week, dogecoin (DOGE) has held up well and is still up 25% over the last 30 days. However, one of the biggest complaints about the dogecoin economy is the massive amount of DOGE whale addresses currently possess.

One specific address is famous for a variety of reasons, and the biggest reason is that the dogecoin address "DH5ya" is by far the largest DOGE owner. The owner of this address is a mystery, even though a great number of the members of the Reddit forum r/dogecoin believe otherwise.

For instance, the DH5ya dogecoin address was talked about incessantly at the beginning of 2021 on the r/dogecoin forum. Three months ago, the Redditor called "u/andreifromaberta" posted about the DH5ya address mystery being "solved."


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