❕NEWS – Binance CEO: 27% of All Dogecoin is Held at One Address | Proxies-free

Well, doge is not my favorite coin, but those statistics look dangerous to me, for investors with small sums of money.

If the 27% decides to sell, it will bring a huge crash to the market.

This means they can control the market with a snap of their finger.

Also, with the large supply that dogecoin has, which in my opinion is partly responsible for it’s low growth rate, if someone decides to sell a large sum of his dogecoin hodlings, it can be disastrous.