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DogeCoin which has high volatility increased very much because of Elon Musk’s tweets. These tweets made Doge Coin very popular. It is also thought that Elon Musk bought lots of DogeCoin before his tweets. Thus, He may have made high profits.
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DogeCoin Wallet and Elon Musk’s tweets
Elon Musk, the CEO of Tesla that is an electrical car company, started to tweet about supporting DogeCoin in 2021. According to some researchers, that mysterious Doge wallet also started to buy DogeCoin on February 6 in 2019 when the DogeCoin price was approximately 0.0018 dollars. The price increase started after those dates. In addition, it is known that the wallet which has 44 billion coins belongs to the Robinhood cryptocurrency exchange. These situations make investors suspicious of Elon Musk and DogeCoin.
Besides, Elon Musk tweeted again on February 10 in 2021. It says that he bought a few Doge Coins for his son and described him as a baby investor (toddler holder).
Bought some Dogecoin for lil X, so he can be a toddler hodler
— Elon Musk (@elonmusk) February 10, 2021
Also, he started to collect the coins 2 months before selling them according to transfers in the wallet. Furthermore, it is clear that he sold the coins when the price was 0.23 dollars. Because of this selling, he made a lot of money. You can take a look at wallet transactions in the picture below:
Suspicious wallet transfers and tweets show he can be the owner of the biggest Doge wallet which is worth 44 billion. Besides, On-chain data indicates that Wallet made a profit of about 9.5 billion dollars.
If you want to learn more information, you can follow from here: Elon Musk’s wallet.
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