[Traster]

This is fascinating - not that someone owns a large percent, that's kind of easy if you've bought early. This guy though has been buying up over quite a recent time period though, so it's an expensive way to do it. The other thing that I find surprising is that this is concentrated in a single address, which means the person wants you to know that there is a single person with that proportion. It means if he starts moving money out it could easily cause a panic.

[rspeele]

1 wallet holding a lot of coins != 1 person holding a lot of coins. I think it's most likely that this is a storage wallet for a large exchange.

[imcarlos]

It's hard to believe that it's an exchange since just buy and don't sell. And keep buying 69 doges and 420 doges as a joke.

[rspeele]

Literally anybody can spend a buck or so to send 69 doge to that address, and then use it to promote their pump-and-dump.

You can't tell that transfers into an address are done with the consent of the address owner at all, or that they represent "buying". The only activity that is provably initiated by the address owner are the transfers out, and none of those are meme amounts. In fact they're all to a single wallet. Probably the exchange's hot wallet.

[imcarlos]

yesterday just bought another 100M. Is not an exchange, because don't sell just buy more a more. Exchange wallets are easy to detect looking to the massive amount of transactions.

[rspeele]

Money moving in from the hot wallet. All the large transactions are to/from the same wallet. Do you understand how cold wallets are used by exchanges?