{"id":36681,"date":"2021-02-18T18:33:28","date_gmt":"2021-02-18T16:33:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36681"},"modified":"2025-08-29T07:32:31","modified_gmt":"2025-08-29T04:32:31","slug":"bloomberg-names-robinhood-the-largest-holder-of-dogecoin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bloomberg-names-robinhood-the-largest-holder-of-dogecoin\/","title":{"rendered":"Bloomberg names Robinhood the largest holder of Dogecoin"},"content":{"rendered":"<p>The crypto-friendly platform Robinhood may own a wallet that holds 28% of the Dogecoin supply. <a href=\\\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-17\/cryptocurrency-sleuths-point-to-robinhood-as-dogecoin-whale?sref=l3J6d079\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Bloomberg<\/a> writes, citing Elliptic&#8217;s research.<\/p>\n<p><!--more--><\/p>\n<p>Analysts noted that the timing of the address creation and the wallets linked to it coincides with the launch of Dogecoin support on Robinhood. One of the <a href=\\\"https:\/\/www.reddit.com\/r\/dogecoin\/comments\/lkwnny\/mystery_solved_the_billionaire_dogecoin_whale_aka\/\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">\u043f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u0442\u0435\u043b\u0435\u0439 Reddit<\/a> reached similar conclusions.<\/p>\n<p>The supposition that the address belongs to Robinhood was also supported by Tesla and SpaceX founder Elon Musk.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Sounds like it is<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\\\"https:\/\/twitter.com\/elonmusk\/status\/1361708249226084352?ref_src=twsrc%5Etfw\\\">February 16, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Robinhood declined to confirm the wallet connection for operational security and customer privacy reasons.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-conversation=\\\"none\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">We are not alone. Just like other crypto platforms, for operational security reasons and to protect customer privacy, we will not confirm which addresses do or do not belong to us.<\/p>\n<p>\u2014 Robinhood (@RobinhoodApp) <a href=\\\"https:\/\/twitter.com\/RobinhoodApp\/status\/1362143076957913088?ref_src=twsrc%5Etfw\\\">February 17, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to DogeChain, the address holds 36.8 billion coins worth over $1.8 billion at current prices.<\/p>\n<p>As Musk noted, the problem was &#8216;too great a concentration&#8217; of coins, and <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-urges-major-dogecoin-holders-to-sell-a-portion-of-their-coins\">proposed to pay<\/a> major Dogecoin holders if they cancel their accounts.<\/p>\n<p>Follow ForkLog on Facebook!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto-friendly platform Robinhood may own a wallet that holds 28% of the Dogecoin supply. Bloomberg reports citing Elliptic&#8217;s research.<\/p>\n","protected":false},"author":1,"featured_media":36682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[99,1234],"class_list":["post-36681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dogecoin","tag-robinhood"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=36681"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36681\/revisions"}],"predecessor-version":[{"id":36683,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/36681\/revisions\/36683"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/36682"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=36681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=36681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=36681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}