Dogecoin (DOGE) millionaire wallets declined by 40% in 2023
The number of Dogecoin wallets holding over $1 million has nearly halved this year, registering a 40% decline since last November. The number of Dogecoin (DOGE) millionaire s has declined by more than 40% year-to-year, according to data from BitInfoCharts. Despite the meme coin’s 30% surge in a month, it’s still over 10% short of its value from last November, a massive 90% off from its all-time high back in 2021. This rather steady decline over the past two years could be a key reason why DOGE millionaire s are becoming scarce. In 2022, over 1,000 Dogecoin addresses held more than $1 million in value. As of November this year, this figure has fallen to 635. Breaking down these numbers, 548 of these addresses currently hold at least $1 million in Dogecoin, while 87 of them have balances exceeding $10 million. This reduction in high-value holdings reflects the broader decrease in Dogecoin’s market price, which has nearly halved over the year, plummeting fr...