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by rspeele 1968 days ago
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.
1 comments
imcarlos 1967 days ago
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.
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rspeele 1967 days ago
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.

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imcarlos 1967 days ago
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.
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rspeele 1966 days ago
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?
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