Dogecoin Contributor Issues Vital Alert to DOGE Community: What Next?
2025-07-08 15:48:16
Main Idea
A Dogecoin contributor warns the DOGE community about the risks of 'Earn' programs that promise yield on deposited Dogecoin, emphasizing the dangers of centralized platforms.
Key Points
1. Mishaboar, a Dogecoin contributor, issued a warning to DOGE holders to avoid 'Earn' programs that offer yield on deposited Dogecoin.
2. He stated that such programs involve significant risks, as users essentially trade their DOGE for 'IOUs' when depositing on centralized platforms.
3. At the time of the report, DOGE's price was up 0.19% in the last 24 hours, stabilizing near $0.17 with support in the $0.166-$0.167 range.
4. Whale accumulation of DOGE increased by 112% in the past week, despite declining retail interest.
Description
Cautionary message issued to Dogecoin community
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