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by frankblizzard 1876 days ago
Ideal for the few folks who hold more than 60% of it. https://bitinfocharts.com/top-100-richest-dogecoin-addresses...
1 comments
rvz 1876 days ago
And are waiting for $1 and above for a gigantic sell off. Making the late comers hodling the bag when the DOGE price goes through the floor.
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xtracto 1876 days ago
>And are waiting for $1 and above for a gigantic sell off

That's not really how those things work. If someone like say, Satoshi, or Vitalik or another "whale" tried to massively sell their coins, the slippage would quickly deprecate the price. Sure, the first .1% they'd be able to sell at $1, but most likely they would make the price crash.

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rvz 1870 days ago
It is now. (The DOGE clones that is)

While DOGE is not directly affected (which is still down), the clones suffered a rapid price drop due to Vitalik taking >$1B worth of dogecoin inspired clone coins; causing the prices to crash. [0] Even before dogecoin reached $1, much worse than expected.

Again its not good news for the late dogecoin (and the clones) baghodlers. Oh dear.

[0] https://www.coindesk.com/vitaliks-regift-of-unsolicited-doge...

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