The mysterious whale holding about 28% of dogecoin experienced massive holdings’ value to $8.2 billion from $24billion in May.
- The cryptocurrencies meltdown has contributed to the 70% decline in value of dogecoin since its peak at the start of May. Recently, there have been few events to stimulate demand for the meme cryptocurrency.
- The dogecoin whale continues to add its holding into the cryptocurrency despite China’s crackdown of the cryptocurrency market and training.
- Crypto experts are guessing the dogecoin is likely a cryptocurrency exchange with numerous speculation that Robinhood is the whale behind the address.
Some businesses still accept dogecoin as a form of payment such as Dallas Mavericks and Oakland Athletics.
DOGE dips -18.99%.