Top Doge wallets (owning 30% of Doge) confirmed to be RH after tracing a transfer with RH Alpha wallets to the prior #1 cold storage giant.

As the title says yesterday, RH released a screenshot from its first users in Alpha who completed a transfer of 420.69 Doge out of their RH wallets.The transaction was located and the history of that traced back to the previous #1 cold storage wallet for Doge previous #1 wallet can be found here but has since been divided into other wallets. The transaction itself can be found here. ———————- What you should know: 5 of the current top 17 wallets owning roughly 30% of Doge are now confirmed to be RH through various Cold/Hot storage wallets that are linked together. The prior #1 had not sent any doge since 04/12/21 when the price was $.07 back in April. On 10/29/21 this (cold wallet) woke up and began sending Doge around to difference wallets - most was sent to a new #1 hot wallet with regular ins/outs. Just in time for the soon to be released RH Alpha wallets released (Additionally the current number 5 wallet is a burn wallet and own 1.41% of Doge.) If we count the top 17 unknown wallets, they own roughly 18.75% of the Doge in existence (which again likely includes other exchanges). A far cry from the 43.7% that gets thrown around if you count the known RH wallets/burn wallet. ——————- I’ve wrote on Reddit a few times about this wallet but this is the first time a RH Alpha transaction can be traced back to that old wallet and provide further evidence its RH holding roughly 30% of Doge in existence on behalf of their users. (Rh had previously stated they didn’t own a sizable amount of any coin on their platform. Which could be true and just be semantics - they could still hold a sizable amount on behalf of their clients.) Previous posts about this situation but didn’t have this additional proof. Number 3 on this post A few reasons why Doge is misunderstood and has better Tokenomics than you thought. a comment on this thread summarized everything that was known up to that point with further links but will be slightly out of date. The only thing this lacks is a confirmation from RH but exchanges are notorious at not identifying their wallets. Last note a previous version of this post was removed by auto mod because of too many topics when another Doge post temporarily hit top 50 and later dropped off. So I had to create a new post. submitted by /u/GabeSter [link] [comments]