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Dogecoin drops 23% as Elon Musk slams DOGE rich list By Cointelegraph

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Dogecoin drops 23% as Elon Musk slams DOGE wealthy listing

The worth of Dogecoin (DOGE) sunk 23% in a matter of hours on Feb. 15, after Elon Musk drew consideration to the vastly unequal distribution of DOGE cash and urged main holders to unload their holdings.

Dogecoin has one of the unequal coin distributions within the cryptocurrency area, with 28.7% being held by only one particular person, and the highest 12 holders possessing nearly 50% of the availability. Simply earlier than midnight on Feb. 14, Musk tweeted: