The DOGE issue is still a concern. But in many of the hottest DOGE news spreading in this community, Kakiforex is attracted to the mysterious purchase of 36 billion DOGE!
On February 6, a mysterious Dogecoin address received 500 DOGE on the first transaction followed by 60 DOGE on the second transaction. Soon, two more transactions were carried out. Data shows that the address now has over 27% of DOGE supply. Peh!
Speculation began to arise that the mysterious address may have belonged to Elon Musk. Which is not the case, Musk always mentions Dogecoin, claiming DOGE as his favorite cryptocurrency. Not to mention the price increase factor which also stems from the list of tweets of Tesla founder since April 2020 which started with his profile being changed to ‘CEO DOGE’ until the latest, rocket photo attachment heading to the moon in reply, ‘Doge’.
But, that's just an argument. Still not strong enough to really believe that Musk is the person.
It doesn't matter who the person is, but here's what you need to know about the purchase:
- Anyone who buys Dogecoin, makes a purchase directly at a fixed price and not through an exchange. If one starts buying Dogecoin in large amounts on the exchange, it will lead to a spike in the price of DOGE.
- The purchase of 36 billion Dogecoin led to an expenditure of over $ 100.00,000,000. No one dares to spend that much money unless there is careful planning to ensure a multiplied profit.
Let's see why Elon Musk is the main suspect:
- Musk is one of the richest individuals and at any time can spend money to buy Dogecoin in large quantities.
- Elon is one of the co-founders of the first online payment system, PayPal.
- Musk once claimed that DOGE is not impossible to be a world currency. Which, of course, would be the biggest plot twist in the crypto sector.
- Musk has a strong influence and it is easy for him to put in place a strategy to make Dogecoin as a world-accepted cryptocurrency just like Bitcoin and Ethereum.
But, why didn't Musk reveal this if he was the real owner of the DOGE? The reason:
- If he planned something big with Dogecoin, the price of the currency would definitely go up. If that happens, it will be difficult for him to get more DOGE at a cheaper price.
- If this is revealed, it will have a negative impact on SpaceX and Tesla stocks. There may also be large volatility in the stock market.
To be sure, anyone who buys Dogecoin in large quantities actually already has a plan. Elon Musk as the main suspect and could be if not himself, maybe one of his acquaintances.
Sooner or later the identity of the 36 billion DOGE owner will be unraveled by his big plans with the currency.
Anyway, now is DOGE season. Do you buy DOGE?
