Majority Of Dogecoin Supply Owned By Only 0.01% Of Holders
Dogecoin was recently added by Chainalysis to their crypto reports. This saw the data platform collating information like on-chain data from the meme coin. The report showed upon release showed holding patterns of Dogecoin investors. As well as transaction data relating to individual wallets. The coin which had seen a lot of growth due to […]
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The Dogecoin price saw a notable plunge over the last day following the Bitcoin price decline. As a result of this, the profitability of Dogecoin holders has declined. However, the majority of DOGE holders continue to be in profit even through these turbulent times, which is a testament to the strength of the meme coin. […]
Cardano (ADA) had since lost its momentum and has been back on another downtrend once more. This time around, the downtrend quickly sent the cryptocurrency back towards the $1 territory. This has had some dire implications for Cardano investors. The majority of these investors have now seen their portfolios descent into the red territory causing them to be taking massive losses at the current prices. Cardano Holders In The Red Much like the majority of the market, Cardano has seen its value decline in recent days. This has been a result of the slowing market momentum which has been....
Investors are holding on to their bitcoins now more than ever. The sell trends that are usually experienced during bull markets have not been seen with recent rallies, suggesting that holders across the board are choosing to hold on to their cryptocurrencies rather than selling them off for a profit. These have led to fewer […]
The world’s richest man giveth, and the world’s richest man taketh away. The value of Dogecoin (DOGE) sunk 23% in a matter of hours on Feb. 15, after Elon Musk drew attention to the vastly unequal distribution of DOGE coins and urged major holders to sell off their holdings. Dogecoin has one of the most unequal coin distributions in the cryptocurrency space, with 28.7% being held by just one person, and the top 12 holders possessing almost 50% of the supply. Just before midnight on Feb. 14, Musk tweeted:“If major Dogecoin holders sell most of their coins, it will get my full support. Too....
Latest data from Glassnode shows Bitcoin long-term holders currently own around 90% of the total supply in profit. Bitcoin Supply In Profit Share Of Short-Term Holders Declines According to the latest weekly report from Glassnode, dominance of long-term holders has observed rise recently. The relevant indicator here is the “supply in profit,” which measures the total number of coins that are currently holding a profit in the Bitcoin market. The metric works by checking the on-chain history of each coin to see what price it was last sold at. If this previous price was less than....