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....
As the crypto market endures another tumultuous period, Dogecoin has seen significant changes in its ownership structure. Recent data from IntoTheBlock reveals a notable shift, with major Dogecoin whales—those holding more than 0.1% of the total supply—reducing their stakes. Dogecoin Redistribution: Who Is In Charge Now? IntoTheBlock data indicates that this position reduction from these whales has been ongoing for the past year. Specifically, the share of Dogecoin controlled by these large holders has decreased from 45.3% to 41.3%. Related Reading: Dogecoin Sees Monumental Surge In....