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.

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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.

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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a comment on this thread summarized everything that was known up to that point with further links but will be slightly out of date.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.