Web sleuths are speculating that arch crypto trickster and the world’s richest man – the Tesla and SpaceX supremo Elon Musk – will be the secret proprietor of a crypto pockets crammed to brim with the token du jour: dogecoin (DOGE).
The meme-based token has just lately rocketed into the highest 10 per market cap because of a coordinated pump, and far discuss on social media platforms is now centering on a single wallet that holds a cool DOGE 34.9 billion, some 27% of the present whole provide of the coin – now value a cool USD 1.2 billion.
However after Musk had stoked the flames of bitcoiners’ fervor by including bitcoin (BTC) to his Twitter profile in late January, he promptly executed a volte-face yesterday – eradicating bitcoin references and posting a sequence of DOGE-related memes and calling the token “the individuals’s” token, turning the market on its head.
However because the crypto world asks itself if Musk is trolling it or if the Tesla chief actually is critical about crypto, redditors have been playing Sherlock Holmes, attempting to find clues within the pockets’s transaction historical past.
One identified that Musk’s birthday, June 28, 1971 (06281971), is steadily utilized in transaction quantities on the account – a sign that it may maybe be Musk, utilizing the account to “shill his baggage” with a DOGE pump.
One other claimed that the authorities would probably clamp down onerous on Musk – who has already had brush-ins with regulators in america – if he have been certainly confirmed to be behind the pump. Market manipulation on any asset (even a meme-based token) would probably land a person of Musk’s profile squarely in scorching water.
One other nonetheless opined,
“I feel Elon is wise sufficient to not put his birthday as certainly one of his transaction quantities. That is most likely a troll with a ton of DOGE that may wish to make a killing.”
The unique poster additionally opined that Musk, who has beforehand indicated, per The Verge again in 2017, that he’s a fan of leetspeak number-themed gags together with numbers like 1337 and 69 – and that these numbers additionally function within the pockets’s transaction historical past.
Musk additionally famously smoked hashish on a podcast hosted by Joe Rogan again in 2018, and the quantity 420 additionally seems steadily within the transaction information. The quantity is usually used as shorthand for marijuana smoking in america.
The transaction historical past additionally exhibits that the pockets holder – be they Musk or another person – received into DOGE comparatively just lately, with the primary recorded DOGE transfer on the account courting again to February 2019.
In a tweet, the Binance chief Changpeng “CZ” Zhao known as Musk dogecoin’s “PR supervisor,” and claimed that the token was at present each “centralized” – in that one pockets controls such an enormous chunk of its market cap – and “decentralized,” on account of the truth that the token has “no core staff.”
DOGE followers have been speculating on the possession of the pockets for over a yr, with one consumer writing in 2020 that they “needed” the token to belong to Musk, whereas one other claimed,
“Many of the high addresses account for warm wallets, chilly wallets, long run platform storage and the migration of belongings usually userfunds associated.”
Musk has been partaking al all manners of crypto-themed Twitter horseplay in current occasions.
Be taught extra:
Musk’s Doge, Bitcoin Tweets May Spur Double-Digit Returns – Report
Elon Musk Lights Dogecoin Candle Again, Removes Bitcoin From Twitter Profile
Dogecoin Blasts Into Top 10, And Leaves
This is Why Dogecoin is Better than ‘Altcoins-Degenerators’