$24 Billion Dogecoin Was Discovered In A Myterous Wallet, Community Calls Elon Musk Name

Key Points:

• A enigmatic wallet named “DH5ya” was found to contain up to 24 billion USD of Dogecoin, leading the Web3 community to speculate that the proprietor is Twitter CEO Elon Musk.
• Although Elon Musk’s team has disputed the claims, claiming that this is a wallet held by Roninhood, Song, many people believe Musk passed this platform to trade.

The community is giving attention to an enigmatic wallet that once held $24 billion of this cryptocurrency after the social network Twitter abruptly changed its logo to the iconic canine of Dogecoin (DOGE).

As reported by Coincu, after the social network Twitter abruptly changed its emblem to Dogecoin on April 4, the DOGE price responded by skyrocketing 37% to $ 0.1. However, the cost has risen. This valuation also prompts many people to investigate the identity of the proprietor of the wallet that once held up to 24 billion USD in Dogecoin.

In particular, in 2019, a wallet named “DH5ya” was established, which housed a massive asset worth $ 24 billion DOGE in May 2021. The plaintiff alleged that the new owner of Twitter was the individual behind this wallet in a class action complaint charging Elon Musk of “manipulating the price” of DOGE.

Musk’s DH5ya wallet insignia were identified by the claimants. The first transaction is a 28.061971 DOGE transaction, which corresponds to the billionaire’s birthdate on June 28, 1971. This was followed by a trade that spelled out “Hi Elon.” This wallet has 6 transactions totaling 69 DOGE and 2 transactions totaling 420 DOGE. According to the complaint, there is also a transaction 80085 DOGE, which tacitly forms the word “BOOBS,” a typical Elon Musk joke.

Elon Musk’s team subsequently denied the allegations, claiming that the wallet is held by Roninhood, a business that offers crypto trading services. Elon Musk’s counsel also requested the court to dismiss the $ 285 billion lawsuit because Elon Musk’s comments have so far been “innocuous” and not meant to manipulate prices.

Robinhood has yet to respond officially. Many individuals, however, believe Musk has used this site for trading. According to Whale Alert statistics, Robinhood’s primary wallet presently contains $3.3 billion in DOGE, or 24% of the total quantity.

Meanwhile, according to DogeChain Explorer, the DH5ya wallet currently only contains about 50,300 DOGE, which is equal to nearly 5,000 USD. With 1309 transactions, this wallet has sold almost all of the value of DOGE holdings.

DOGE is currently trading at 0.096 USD. At the moment of writing, the market value of Dogecoin was $13.4 billion.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Chubbi

Coincu News