SHARING A TWEET OF CZ BINANCE FOR DISCUSSION
Some pros/risks of #Doge.
Pros: Cool, fun, PR manager Elon Musk. Decentralized in the sense there are no “core team”. It’s abandoned.
Risks:
1 address holds 27% of all #DOGE.
Top 20 addresses holds more than 50%+ of all #DOGE
Kinda “centralized” in that sense.
“abandoned”.
Based on public data from CoinMarketCap and https://blockchair.com/dogecoin/addresses
Not sure if the above data is 100% correct, or if they are exchange or mining pool addresses, etc, or who owns them.
Happy to get corrected.
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Source: CZ of Binance on Twitter