February 25, 2021

Day: February 17, 2021

The dogecoin market has a pack leader.

Records show that a person, or entity, owns about 28% of all of the cryptocurrency in circulation—a stake worth about $2.1 billion at current prices. The holder’s identity isn’t known, which is common in the opaque world of digital currencies.

It is hard to tell what to make of this giant position in what has long been a small and niche corner of the cryptocurrency world.

Dogecoin was created in 2013 as a satirical homage to bitcoin. Its developers were riffing off the meme of a Shiba Inu dog with bad spelling habits. 

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