Cryptocurrencies
Cryptocurrency Sleuths Point to Robinhood as Dogecoin Whale
- Biggest wallet holds about 29% of all coins in circulation
- Blockchain tracker Elliptic says broker is most likely owner
Photographer: Yuriko Nakao/Getty Images
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There’s a prime suspect as to the identity of the owner of the world’s biggest Dogecoin cryptocurrency wallet and it’s a name that should be familiar: Robinhood Markets.
The timing of the creation of the initial digital wallet used for storage in June 2018 tracks with Robinhood’s offering Dogecoin trading to its customers in July of that year. That’s according to blockchain data tracker Elliptic and echoed by online sleuths on Reddit’s Dogecoin forum.