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Tuesday, July 16, 2024

Dogecoin Reaches New Milestone in Holders, Whales Hold 324 Million DOGE

New Record: DOGE reaches an astonishing 540,034 holders.

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According to the WhaleStats, Dogecoin has reached a new milestone in terms of number of DOGE holders, reached a count of 540,034, while the top 1,000 BNB wallets now hold 324 million DOGE worth of $51 million.

Dogecoin, which is the biggest memecoin in the market also ranks among the top 10 most used smart contracts for whales, according to WhaleStats analysis.

Dogecoin has been trading in lockstep with the broader crypto market. IntoTheBlock gives a positive correlation with Bitcoin as 0.81, which seems quite high. Its last notable change came on Jan. 14, when Elon Musk revealed that Tesla, would accept payments in DOGE for its merchandise. DOGE rallied to as high as $0.2148 after the Tesla news on Jan. 14 but has since dropped to near $0.15. According to IntoTheBlock, despite the recent price drop, Dogecoin’s profitability is at 54%.

Dogecoin recently scored another major “adoption” goal as U.S. Figure Skating Body, began to accept donations in several cryptocurrencies, including Dogecoin, after partnering with the donation platform, Engiven.

At the time of writing, Dogecoin was trading at $0.15975, the trading volume jumps to nearly 42% according to the CoinMarketCap.

 

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