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%.

2021 年，億萬富翁 Elon Musk 在 X（以前稱為 Twitter）上向數百萬粉絲發布了有關狗狗幣的帖子，狗狗幣因此而聲名鵲起。在回撤之前，價格將上漲超過 10,000%，最高達到 0.7 美元，一路上誕生了許多新的百萬富翁。然而，隨著熊市的肆虐，擁有百萬富翁地位的狗狗幣錢包數量迅速下降，跌幅超過50%。

Only 546 Dogecoin Millionaires Left

僅剩 546 名狗狗幣百萬富翁

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.

BitInfoCharts 的數據顯示，擁有百萬富翁地位的狗狗幣錢包出現了令人震驚的下降。這一數字在 2021 年泵期內升至 1,000 以上，但在 2022 年至 2023 年期間下降了 50% 以上。

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.

據該網站稱，目前只有 546 個狗狗幣錢包持有價值 100 萬美元及以上的狗狗幣。隨著投資者為了更好的前景而撤出模因幣，這些持有至少 1000 萬個 DOGE 的錢包已經穩步下降。

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.

當查看餘額超過 1000 萬美元的錢包時，這個數字更加令人震驚。數據顯示，這類錢包僅有 88 個，這表明這可能是瀕臨滅絕的品種。

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.

然而，這些錢包儘管數量不多，但卻控制著 DOGE 供應的很大一部分。大持有者的集中度是該領域最高的之一，這些鯨魚地址控制著總供應量的 65%。

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.

在超過 300 萬持有者群體中，規模較小的投資者佔了較大比例，但他們僅擁有流通供應量的 35%。從這個角度來看，只有 78 名投資者控制 DOGE 總供應量的 21.81%，即 316.9 億個 DOGE。

DOGE Whales Aren’t Giving Up

DOGE鯨魚並沒有放棄

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.

儘管百萬富翁狗狗幣地址數量有所下降，但狗狗幣鯨魚並沒有放棄這種迷因幣。 IntoTheBlock 的數據表明，這些大戶在過去幾天一直在補充餘額。

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.

11 月 14 日至 15 日期間，大型持有者流入指標顯示顯著激增，9.6 億 DOGE 流入這些大型持有者的地址。然而，他們的賣出量可能幾乎與買入量一樣多，因為大型持有者流出指標增加了 98.65%，並且 8.7231 億 DOGE 離開了他們的餘額。

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.

這些大型投資者的拋售趨勢可以解釋為什麼狗狗幣的價格落後於加密貨幣市場的其他產品。 DOGE 無法突破 0.1 美元的水平讓投資者感到困惑，尤其是像 Solana (SOL) 這樣的公司在短短 7 天內就上漲了 50%。