{"id":180755,"date":"2021-02-17T21:24:13","date_gmt":"2021-02-17T18:24:13","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/single-dogecoin-account-holds-2-billion-fortune\/"},"modified":"2021-02-17T21:24:13","modified_gmt":"2021-02-17T18:24:13","slug":"single-dogecoin-account-holds-2-billion-fortune","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/single-dogecoin-account-holds-2-billion-fortune\/","title":{"rendered":"#Single dogecoin account holds $2 billion fortune"},"content":{"rendered":"

“#Single dogecoin account holds $2 billion fortune<\/strong>”
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Dogecoin may have started as a joke, but one of its holders is sitting on some serious dough.<\/p>\n

A single cryptocurrency account contains about $2 billion worth of the meme-inspired coin whose price has been pumped up by celebrities such as Elon Musk, Snoop Dogg and Gene Simmons.<\/p>\n

The account holds about 36.8 billion dogecoins \u2014 a massive stash that accounts for more than 28 percent of all the coins currently in circulation, according to cryptocurrency data website Bitinfocharts<\/a>.<\/p>\n

The hoard was worth roughly $1.9 billion at dogecoin\u2019s Wednesday opening price of 5.2 cents, but its value would have exploded to $3.2 billion at last week\u2019s record high of about 8.7 cents, CoinDesk data<\/a> show.<\/p>\n

The identity of the account\u2019s owner is a mystery because cryptocurrency markets offer users such a high degree of anonymity, according to The Wall Street Journal<\/a>, which first reported on the dogecoin fortune Wednesday.<\/p>\n

\u201cI doubt anyone has done any serious blockchain analytics on doge,\u201d Chris Bendiksen of the London-based asset management firm CoinShares told the paper. \u201cI can\u2019t even believe we\u2019re having this conversation.\u201d<\/p>\n

Researchers told the Journal the account could belong to an exchange where dogecoin is traded or to the groups and individuals running the software that powers it.<\/p>\n

There is a curious feature in the account\u2019s public transaction ledger<\/a> \u2014 it\u2019s received nearly two dozen payments over the past week for 28.061971 dogecoins. The number looks similar to Musk\u2019s birthday \u2014 June 28, 1971.<\/p>\n

The billionaire Tesla CEO has pumped up dogecoin\u2019s price by tweeting jokes and memes on Twitter<\/a>. He took a more serious tone this week when he called for \u201cmajor dogecoin holders\u201d\u00a0to sell off their holdings.<\/p>\n

\u201cToo much concentration is the only real issue,\u201d he said. \u201cI will literally pay actual $ if they just void their accounts.\u201d<\/p>\n

But the massive account is not likely to be Musk\u2019s, according to the Journal. The paper noted that anyone can send any amount of dogecoin \u2014\u00a0such as one that resembles Musk\u2019s birthday \u2014\u00a0to a publicly listed address.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Single dogecoin account holds $2 billion fortune” Dogecoin may have started as a joke, but one of its holders is sitting on some serious dough. A single cryptocurrency account contains about $2 billion worth of the meme-inspired coin whose price has been pumped up by celebrities such as Elon Musk, Snoop Dogg and Gene Simmons….<\/p>\n","protected":false},"author":1,"featured_media":180756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/02\/billion-dollar-dogecoin-account.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[93713,70971,76127,39394,72588],"class_list":["post-180755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-2-17-21","tag-billionaires","tag-cryptocurrency","tag-elon-musk","tag-money"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/180755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=180755"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/180755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/180756"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=180755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=180755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=180755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}