The dogecoin market has a leader in packages.
Records show that a person or entity owns about 28% of the entire cryptocurrency in circulation; The identity of the holder is not known, which is common in the opaque world of digital currencies.
It’s hard to know what to do with this giant position in what has long been a small, niche corner of the cryptocurrency world.
Dogecoin was created in 2013 as a satirical tribute to Bitcoin. Its developers rejected the meme of a Shiba Inu dog with bad spelling habits. It was not designed to be used as a form of payment or as anything other than a joke. By early 2021, a dogecoin was worth about half a penny, even though bitcoin prices had risen to nearly $ 30,000.
Things have changed this year. Dogecoin rose in popularity after business and pop culture icons, including Tesla CEO Elon Musk, rapper Soulja Boy and Malcolm in the Middle, Frankie Muniz, began promoting it. on line. It is not clear what caught their attention.