Dogecoin (DOGE) Still Profitable for 85% of Holders Despite Slowing Sales
Amidst the speculative frenzy:
It’s ironic that amidst the speculative frenzy surrounding meme-inspired cryptocurrencies like Dogecoin (DOGE), wallet addresses holding the coin have surged by a staggering 85%.
Dogecoin’s Bullish Trend:
Looking closely at the blockchain data, nearly 85% of Dogecoin addresses are currently profitable, indicating a positive sentiment.
Crypto Exchanges Face High Withdrawals:
There's an increase in withdrawals from exchanges, with individuals preferring to hold onto their tokens.
Dogecoin Network Sees Renewed Growth:
Despite a slight downturn in network activity, the overall number of DOGE addresses has been increasing.
Retail Investors Hold Majority Shares:
A significant proportion of Dogecoin ownership is concentrated among a few major investors and whale addresses.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.