Dogecoin Developer Addresses Misconception About Elon Musk's Holdings

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A Dogecoin contributor clarifies the misconception that Elon Musk owns a significant portion of the cryptocurrency, shedding light on the role of Robinhood in Dogecoin's popularity.

, a notable Dogecoin contributor and developer, addressed widespread speculation regarding Elon Musk's purported holdings of the popular cryptocurrency. Dismissing the notion that Musk owns a significant portion of Dogecoin, Mishaboar shed light on what was once a prevalent misconception during the previous bullish market cycle.Mishaboar highlighted a crucial piece of misinformation that circulated during the peak of Dogecoin's popularity.

However, the developer clarified that this whale was actually the cold wallet of an exchange, specifically Robinhood, containing holdings belonging to its users. Yeah, that is correct. I think Robinhood's role in Dogecoin's popularity during the past bull market cannot be underestimated. But to their credit, also Binance helped propel Doge with their much earlier listing .enthusiast emphasized the importance of conducting independent research and cautioned against blindly trusting authority figures or market leaders.

Responding to a follower's inquiry about the Tesla founder and CZ's relationship, Mishaboar hinted at discord between the two figures, with Musk raising concerns about Dogecoin withdrawals on Binance through cryptic tweets.Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.The AI-Based Smart Contract Audit Firm "Bunzz Audit" Has Officially Launched

 

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