Dogecoin rose to prominence in 2021 on the back of billionaire Elon Musk posting about the meme coin to his millions of followers on X (formerly Twitter). The price would rally over 10,000% and reach as high as $0.7 before retracing, making a number of new millionaires along the way. However, as the bear market has raged on, the number of Dogecoin wallets that hold a claim to the millionaire status has been rapidly declining, falling more than 50%.

Dogecoin은 억만장자 Elon Musk가 X(이전 Twitter)에서 수백만 명의 팔로어에게 밈 코인에 대해 게시한 덕분에 2021년에 두각을 나타냈습니다. 가격은 10,000% 이상 반등하여 최대 0.7달러에 도달한 후 되돌아가면서 수많은 새로운 백만장자가 될 것입니다. 그러나 약세장이 격화되면서 백만장자 지위를 주장하는 Dogecoin 지갑의 수가 50% 이상 급격하게 감소했습니다.

Only 546 Dogecoin Millionaires Left

도지코인 백만장자 546명만 남았습니다

Data from BitInfoCharts reveal the shocking decline that has taken place along the Dogecoin wallets that can boast of millionaire status. This figure which rose above 1,000 during the 2021 pump has fallen more than 50% between 2022 and 2023.

BitInfoCharts의 데이터는 백만장자 지위를 자랑할 수 있는 Dogecoin 지갑에서 발생한 충격적인 쇠퇴를 보여줍니다. 2021년 펌프 기간 동안 1,000 이상으로 상승한 이 수치는 2022년에서 2023년 사이에 50% 이상 감소했습니다.

According to the website, there are now only 546 Dogecoin wallets that are holding coins worth $1 million and more. These wallets that hold at least 10 million DOGE have seen a steady decline as investors move out of the meme coin for better prospects.

The figure is even more shocking when looking at wallets that hold more than $10 million on their balances. The data shows that there are only 88 such wallets, signaling that this could be a dying breed.

However, these wallets, despite their small numbers, control a significant portion of the DOGE supply. The concentration by large holders is one of the highest in the space with 65% of the total supply controlled by these whale addresses.

그러나 이러한 지갑은 적은 수에도 불구하고 DOGE 공급의 상당 부분을 제어합니다. 대규모 보유자에 의한 집중도는 해당 고래 주소에 의해 통제되는 전체 공급량의 65%로 해당 공간에서 가장 높은 것 중 하나입니다.

The smaller investors which make up a larger portion of the over 3 million holder base are left with just 35% of the circulating supply. To put this in perspective, only 78 investors control 21.81% of the total DOGE supply, which translates to 31.69 billion DOGE.

DOGE Whales Aren’t Giving Up

DOGE 고래는 포기하지 않습니다

Despite the decline in the number of millionaire Dogecoin addresses, the DOGE whales are not giving up on the meme coin. Data from IntoTheBlock points to accumulation among these large holders who have been topping up their balances in the last few days.

백만장자 Dogecoin 주소 수가 감소함에도 불구하고 DOGE 고래들은 밈 코인을 포기하지 않습니다. IntoTheBlock의 데이터는 지난 며칠 동안 잔액을 채워온 대규모 보유자 사이에 축적되었음을 나타냅니다.

Between November 14 and 15, the Large Holders Inflow metric showed a significant spike with 960 million DOGE flowing into the addresses of these large holders. However, they may be selling almost as much as they are buying as the Large Holder Outflow metric saw a 98.65% increase, and 872.31 million DOGE leaving their balances.

A selling trend among these large investors could explain why the Dogecoin price has lagged behind the rest of the crypto market. DOGE’s inability to clear the $0.1 level has baffled investors, especially with the likes of Solana (SOL) seeing 50% increases in just 7 days.

이러한 대규모 투자자들 사이의 판매 추세는 Dogecoin 가격이 나머지 암호화폐 시장보다 뒤처진 이유를 설명할 수 있습니다. DOGE가 0.1달러 수준을 달성하지 못하여 투자자들을 당황하게 만들었습니다. 특히 Solana(SOL)와 같은 업체는 단 7일 만에 50%의 상승세를 보였습니다.