Lesson 10 <img src="#" what does the # mean

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I just want to know if the # on this tag ( <img src="#" ) has an html meaning or is it just a place holder for the link that should be put there. Thanks

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https://www.codecademy.com/courses/learn-html-css/lessons/common-elements/exercises/link-at-will?action=lesson_resume

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for image elements the # just serves as placeholder

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