Dogecoin (DOGE) is one of the most popular meme coins and is among the top 10 cryptocurrencies in the world as of July 21, 2022. Today we will discuss How many Dogecoin holders are there and Which country owns the most Dogecoin? If you really want to know that, let’s take a look at the article below.
How many Dogecoin holders are there?
There are a total of 4 million holders on the Dogecoin chain. However, only a few extremely wealthy entities own most of the supply. Chainalysis said the 535 entities are likely a combination of businesses, including exchanges that store DOGE for traders and some other wealthy investors. Of the richest 535 accounts holding 82% of the supply, at least 31 investors own $37 billion of DOGE's $106 billion, with holding periods ranging from six months to two years.
Among other investors, 2.1 million of the 4 million entities held less than the DOGE 100, with half of them holding the cryptocurrency for more than two years.
The account balance of the largest holder is over 40.84 billion DOGE tokens, reaching $2.55 billion at the time of writing. According to chairblock, the account's address is DPDLBAe3RG******DzhgjcmpZCZD8cSBgZ.
The second-largest Dogecoin whale owns only 5.35% of the cryptocurrency’s total circulating supply, at 7.25 billion DOGE tokens ($452.1 million as of this writing).
Which country owns the most Dogecoin?
Worth highlighting, according to 10 Jan by discoverers, The U.S. is the most Dogecoin-supporting country in the world, with 31.6% of U.S. crypto owners owning the meme cryptocurrency.
Notably, Australia comes in second with 29% of Dogecoin ownership, followed by Norway with 27.4%. Interestingly, according to the study, Japan has the lowest DOGE ownership of the 27 countries surveyed. Overall, the average amount of Dogecoin per country is 18.5%.
I hope this article will help you to learn How many Dogecoin holders are there and Which country owns the most Dogecoin. Elon Musk has never reported his Dogecoin holdings. During Tesla’s Q2 2022 investor conference call, Musk revealed that the company holds Dogecoin, but did not report the amount.
