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Chainalysis: 82% Of Dogecoin Supply Owned By Only 0.01% Of Holders
Summary: The data from Chainalysis report showed that new investors had been increasing their holdings over time. As of July 2020, new investors only held 9% of the total supply. But this number had risen to 25% in 2021 following the popularity of the coin. Data shows that new investors were increasing their holdings in Doge. ...
The data from Chainalysis report showed that new investors had been increasing their holdings over time. As of July 2020, new investors only held 9% of the total supply. But this number had risen to 25% in 2021 following the popularity of the coin. Data shows that new investors were increasing their holdings in Doge. While old investors had decreased their holdings during the rally. Old investors in this case were grouped as investors who had held on to their Doge for more than two years. These investors had accounted for 30% of the total supply back in July 2020. And today, that number has dropped down to 20%.
Dogecoin also experienced a major increase in the number of daily active users in 2021. This number has grown with the price of Doge. Peaking at the all-time high, before correcting downwards as the coin price crashed. On average, on-chain data shows that there are 32,000 daily active users of DOGE. Dogecoin currently has a supply of 130 billion coins. The Chainalysis data shows that 0.01% of holders hold 82% of the total supply.
By Amy Liu
Tags: Chainalysis,Dogecoin
Link: Chainalysis: 82% Of Dogecoin Supply Owned By Only 0.01% Of Holders [Copy]
