The highest 15 Dogecoin addresses account for practically 50% of the token provide.
“Who’re the highest holders of Dogecoin?”
That’s one of the vital requested questions across the main doggy-themed memecoin.
The query is made extra essential by BitInfoCharts information suggesting that just about 50% of the memecoin provide is managed by simply 15 addresses. Does this information inform the entire story?
We check out who controls these wallets utilizing blockchain information.
Robinhood (DEgDVFa2DoW1533dxeDVdTxQFhMzs1pMke): This handle holds essentially the most Dogecoin of any pockets. Particularly, it has nearly 29 billion DOGE price practically $6 billion or over 19% of the circulating provide.
Per Arkham information, that is the chilly pockets of the favored U.S. buying and selling platform Robinhood. This suggests that the pockets is primarily used to retailer property on behalf of consumers as an alternative of actively buying and selling, which is why it has unsurprisingly obtained over 36 billion DOGE since Might 2023 and despatched out solely about 7 billion DOGE.
Upbit (D8ZEVbgf4yPs3MK8dMJJ7PpSyBKsbd66TX): This handle boasts the second-largest DOGE holdings, with 8.9 billion DOGE price $1.8 billion.
In accordance with Arkham Intelligence information, that is the chilly pockets of the main Korean alternate, Upbit. It’s unsurprising that Upbit holds plenty of Dogecoin, because the Korean crypto buying and selling scene is broadly thought to be retail-dominated and extremely speculative.
Binance (DE5opaXjFgDhFBqL6tBDxTAQ56zkX6EToX):No shock, in third place is a Binance chilly pockets. This pockets holds practically 8 billion DOGE price about $1.6 billion. For the uninitiated, Binance is the world’s largest crypto alternate by quantity.
Crypsty (DDTtqnuZ5kfRT5qh2c7sNtqrJmV3iXYdGG): This pockets belongs to the defunct crypto alternate Cryptsy. It boasts the fourth-largest holdings of any Dogecoin pockets, with 5 billion DOGE price over $1 billion.
The destiny of those holdings is unclear, as Cryptsy entered receivership in 2016 amid claims of fraud and mismanagement.
Binance (DU8gPC5mh4KxWJARQRxoESFark2jAguBr5): The fifth largest is one other Binance chilly pockets. This holds practically 4.8 billion DOGE price over $980 million.
OKX (ADNbM5fBujCRBW1vqezNeAWmnsLp19ki3n): The sixth largest DOGE pockets is an OKX scorching pockets, in keeping with Arkham information. This implies the alternate makes use of this to fulfill common buying and selling liquidity wants on the alternate.
It holds 4 billion DOGE price over $831 million.
Binance (DGmzv39riELTuigZCUD6sWoHEHPdSbxdUB): The seventh largest DOGE handle is one other Binance chilly pockets. It holds over 2 billion DOGE price about $430 million.
Dogeparty Burn Pockets (DDogepartyxxxxxxxxxxxxxxxxxxw1dfzr): This handle holds practically 1.9 billion DOGE price over $376 million and is the eighth largest holder of the asset.
It’s the burn handle of the once-popular Dogecoin undertaking Dogeparty. The DOGE it holds has been completely faraway from circulation resulting from its perform as a burn handle.
The remainder of the highest 15 handle holders are as follows:
Robinhood (DDuXGMFNGpGjaAqyDunSMvceMBruc1wwKF): 1.5 billion DOGE price over $307 million.
Bybit (D94tDRhr4X9Tjgr8MG1Nrd5ARpesPAM7ZB): 1.1 billion DOGE price over $224 million.
Kraken (DBdiAmrND25pM7DW7awqiL696yx9x9q4dD): Over 1 billion DOGE price over $215 million.
Gate.io (DAAhXpPfziaCcGweJMWE4RSucLcee7NcqL): Over 1 billion DOGE price over $210 million.
Unknown (D9a1Ah7mUNAJwNqHPER4DN9zNLoqcYFDZW: 1 billion DOGE price practically $203 million.
Unknown (DM9mYjhphV4cvBE9yMdNU9fQC4KLuK5M33): 1 billion DOGE price about $203 million.
Poloniex (D8WhgsmFUkf4imvsrwYjdhXL45LPz3bS1S): 1 billion DOGE price practically $203 million.
