Data reveals that DOGE is highly concentrated, with over 62% held in the top 50 Addresses.

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Crypto Assets Concentration Analysis: DOGE Holding Situation Draws Follow

Recent research shows that the views of a well-known entrepreneur regarding the excessive concentration of DOGE have been validated. A professional Crypto Assets rating agency conducted a comparative analysis of major coins and found that the concentration level of DOGE is indeed the highest.

Data shows that over 28% of circulating DOGE is concentrated in a single address, approximately 36.8 billion coins, worth about 2.1 billion dollars at the current market price. More concerning is that nearly 50% of the DOGE supply is held by the top 20 holders.

The research also conducted statistics on the concentration of other major crypto assets. The following are the percentages of circulating supply held by the top 50 addresses of each token:

  • DOGE: 62%
  • Litecoin: 30.5%
  • Bitcoin Cash: 24%
  • Bitcoin SV: 21%
  • Dash: 18%
  • Bitcoin: 10.5%
  • Ethereum: 45%
  • TRON: 34%
  • Terra (LUNA): 30%

The fact that whale accounts control more than half of the DOGE supply has raised concerns in the market. This not only increases security risks, making the network more susceptible to a 51% attack, but it could also lead to severe price volatility for the tokens. Although large holders currently have no motivation to sell, their ability to do so is enough to deter some potential investors.

This highly centralized holding structure may affect the long-term development of DOGE. It could both hinder new investors from entering the market and attract the attention of regulatory bodies. For the healthy development of the Crypto Assets ecosystem, how to avoid excessive concentration while maintaining the essence of decentralization remains a topic worthy of in-depth discussion.

DOGE-10.04%
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TokenUnlockervip
· 07-23 01:54
A lot of suckers must have cut losses this time.
View OriginalReply0
MaticHoleFillervip
· 07-22 09:05
Rise to death market maker! Retail investors are the future of shitcoin!
View OriginalReply0
StableBoivip
· 07-20 18:09
Working hard every day, retail investors are trapped.
View OriginalReply0
ThreeHornBlastsvip
· 07-20 18:08
play people for suckers that can’t be cut off.
View OriginalReply0
MemecoinTradervip
· 07-20 17:54
just another classic whale accumulation psyop... the real alpha is inverse
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