Elon Musk thinks that Doge tokens are too “centralized” in terms of distribution. In a Twitter post on Monday, the Tesla founder expressed his support for the whales who want to empty their wallets.
“If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo”, Musk wrote.
Furthermore, after stating that there’s too much concentration in the dogecoin (DOGE) ownership, the world’s richest person has come up an interesting proposal.
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“I will literally pay actual $ if they just void their accounts,” he tweeted later.
Mysterious Dogecoin address owns 27% of the total supply, while Top 20 addresses gathered 50%.
While people have been discussing the dogecoin trends and Elon’s suggestive tweets, crypto enthusiasts have been debating a peculiar dogecoin address that holds 36 billion tokens or more than 27% of the entire supply.