Have you ever wondered who owns the most Dogecoin? Widely regarded as one of the most popular and accessible cryptocurrencies on the market, Dogecoin has grown significantly over the years. However, an unlimited supply and low value mean that it’s tough to become a Dogecoin millionaire.
If you’re interested in learning more about who owns the largest supply of Dogecoin and how much those wallets are worth, read on.
Who Owns the Most Dogecoin?
The decentralized nature of cryptocurrency makes it hard to identify exactly who owns what amount of cryptocurrency. However, we can see some of the largest Dogecoin wallets on the list of the top 100 richest addresses.
The current wallet with the largest amount of Dogecoin is owned by an investor from Robinhood, who holds around 29,461,944,068 Dogecoin as of June 2022. This equals about $1,886,428,988.
(Bit Info Charts)
Exploring the Dogecoin Holders List
The infinite supply of Dogecoin available in the cryptocurrency market, combined with a simple mining structure, makes it easier for a lot of people to get involved with this coin. Although the price of Dogecoin remains low, it’s still possible to become a millionaire with this cryptocurrency.
Around 535 people are currently Dogecoin millionaires.
According to the list of Dogecoin’s most avid investors shared by Bit Info Charts, there are now 535 wallets with more than $1,000,000 in Dogecoin. Around 62 holders possess more than $10,000,000 in Dogecoin, making them prominent members of the Dogecoin whale list.
The majority of Dogecoin holders have wallets (2,420,260) that own less than $1 in Dogecoin.
(Bit Info Charts)
There are 4 million holders of Dogecoin in total.
Over 4 million people own at least one Dogecoin within their cryptocurrency wallets. However, the largest percentage of this coin belongs to a selection of Dogecoin major holders. Around 106 billion Doge, or 82% of the total supply circulating today, is held by 535 people. These wallets own more than 10 million Doge each.
According to most charts, it’s likely these big investors are actually companies or collectives. 37 billion of the 106 billion Doge owned by the biggest Dogecoin wallets is held by just 31 collectors. These investors have held their share for an average of 6 months to 2 years.
(Chainalysis)
The largest holder of Dogecoin is a mystery.
As we can see, there is no name given to any of the richest Dogecoin wallets. While many of the largest investors in other famous coins like Bitcoin are well-known, this isn’t the case for Doge.
According to the nature of some Dogecoins transactions, many members of the Dogecoin community believe Elon Musk is one of the top owners of Dogecoin. However, Musk has weighed in on this discussion, suggesting it isn’t true.
One speculation is that Dogecoin actually belongs to the trading platform Robinhood. This is a concept Musk has entertained himself. This suggestion could make sense, as many of the top Dogecoin holders purchase their coins through Robinhood.
(Bit Info Charts)
The top 10 Dogecoin wallets own over 47.4% of the crypto.
Currently, the biggest shares of Dogecoin belong to a handful of investors. Looking at the Dogecoin ownership percentage, we can see the top 10 wallets hold more than 47.04% of all the Dogecoin currently in circulation.
Many of these wallets come from Binance or Robinhood. Currently, at least 31 investors in Dogecoin own more than 37 million of the Doge top 106 billion managed by the leaders in the marketplace.
(Bit Info Charts)
Understanding Dogecoin distribution
The unusual nature of Dogecoin and its limitless supply makes it one of the most intriguing cryptocurrencies on the market today. Unfortunately, it’s impossible to know for certain who has the biggest Dogecoin wallet until someone comes forward to claim the title.
We do know, however, that the number of Dogecoin wallets is continuing to increase on a consistent basis, as new blocks are mined.
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