After Elon Musk changed the Twitter logo to the Dogecoin logo last night, DOGE increased by about 35 percent.
However, there has been DOGE activity in a wallet that has not been active for a long time. This mobility brought to mind the question of whether the owner of the wallet could be Elon Musk.
Does Elon Musk Have $24 Billion DOGE In His Wallet?
Dogecoin has risen nearly 30 percent since adopting the Twitter logo. Twitter CEO Elon Musk has been accused of setting the coin up a pyramid scheme. Once again, people have made claims about a mysterious wallet that once held $24 billion in Dogecoin.
Dogecoin’s Elon Musk-influenced rally came after Twitter replaced its blue bird logo with a Shiba Inu dog icon on the company’s website. The coin has risen nearly 30 percent since the social media platform adopted its logo and its CEO started tweeting yesterday. Dogecoin’s market cap was $13.7 billion at the time of this writing.
The appreciation has highlighted a mysterious wallet known as “DH5ya” that once held a staggering $24 billion in Dogecoin. In a class action lawsuit filed against Musk in US federal court, investors who lost money in Dogecoin claimed that DH5ya was Musk’s personal wallet.
Musk, through his lawyer, denied the allegations and insisted that the wallet belongs to Robinhood, a stock trading platform that offers support for various crypto assets. There was no statement from Robinhood on the subject.
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