Top dogecoin holders

Updated Feb. 17, 2021 7:18 am ET Dogecoin largest wallets If you’re wondering whether the Dogecoin wallet is safe, the answer is that it depends on the specific wallet you are using. The Dogecoin wallets recommended in this tutorial are designed to secure multiple assets, including Dogecoin, and are generally considered safe to use. However, it’s important to note that not all wallets are created equal, so it’s crucial to confirm that your wallet has the necessary security features. 

Most Dogecoin wallets contain a vast amount of DOGE in circulation, which is a risk as they have undue control over price fluctuations and liquidity in the market. An estimated 0.002% of Dogecoin wallets hold about two-thirds of the total DOGE in supply. It is a very different scenario with Bitcoin, which has evenly distributed wallet holdings. 5.4 Million Dogecoin Whale Awakens After Nearly a Decade, Raising Eyebrows In addition, some of them pushed their holdings by 484 million DOGE over the last day. Further elaborating on these holders, Lookonchain tweeted,

The Reddit user believes that Robinhood adopted the same Bitcoin and Dogecoin storage method for the other cryptos it offers for trading. The other five cryptocurrencies available for trading on Robinhood include ETH and Litecoin (LTC). Others are BCH, Ethereum Classic (ETC), and Bitcoin SV (BSV). What Are the Best Ways to Mine Dogecoin? A custodial wallet or hosted wallet is a service provided by crypto exchanges. When you purchase crypto the exchange holds the private keys and manages the cryptocurrency in their wallet until you withdraw it. It eliminates any actions you would need to take to store and secure your keys.

To word it more clearly: following the trails starting from the "first" #WalletAlpha transaction by Robin Hood, we can go back in time and confirm that the current largest #Dogecoin wallet (and associated wallets) is Robin Hood's cold wallet.That whale hoarding 30%? It's you. Conclusion If you're looking to buy Dogecoin, the easiest way is to open an account with a cryptocurrency exchange that has Dogecoin available. After creating the account, you can deposit money and use it to purchase Dogecoin. You may also need to pay a small fee for the trade. Once you have the Dogecoin, you can decide whether to keep it on the exchange or send it to your other crypto wallets.