Robinhood CEO Responds to Queries on Mysterious Billionaire Dogecoin Whale

Robinhood CEO Responds to Queries on Mysterious Billionaire Dogecoin Whale

News
May 22, 2021 by J.D. Smith
17
Crypto traders are trying to determine who owns the wealthiest Dogecoin wallet in existence – which holds 36.71 billion DOGE worth $12.73 billion at time of publishing. Is it Elon CEO Elon Musk? The same address also has a history of transacting 28.061971 DOGE, which happens to be Elon Musk’s birthday – June 28th, 1971.

Crypto traders are trying to determine who owns the wealthiest Dogecoin wallet in existence – which holds 36.71 billion DOGE worth $12.73 billion at time of publishing.

Is it Elon CEO Elon Musk? The same address also has a history of transacting 28.061971 DOGE, which happens to be Elon Musk’s birthday – June 28th, 1971.

But Musk points to Robinhood, Vladimir Tenev’s trading empire, as the possible owner. Tenev says that’s not the case.

“Any coins that we hold are for the purposes of sort of providing access in holdings for our customers. We don’t have significant positions in any of the coins that we keep on a proprietary basis or anything like that.” 

One thing is for certain, at least according to Binance CEO Changpeng Zhao. He’s certain the owner of the largest DOGE wallet is not Binance. He’s also skeptical that any other exchange is the entity behind the wallet in question.

“Elon, the top one (with 30% of total supply) does NOT belong to Binance. I seriously doubt it belongs to another exchange based on usage pattern, etc. I could be wrong. Who told you? Might want to check your source. All the best.”

Musk is an avid Dogecoin supporter, and Robinhood is one of the primary ways that retail traders buy DOGE.

Last week, Musk unveiled that his space exploration firm will launch a moon mission that will be paid for using DOGE.

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