The popularity of Dogecoin (DOGE), a cryptocurrency born out of an internet meme, is experiencing a resurgence, marking significant growth two years after the onset of the COVID-19 pandemic. Recent data from on-chain analytics firm IntoTheBlock reveals that the number of cryptocurrency addresses holding DOGE has surpassed the 5 million mark for the first time.

狗狗币 (DOGE) 是一种源于互联网迷因的加密货币，其受欢迎程度正在复苏，标志着新冠肺炎 (COVID-19) 大流行爆发两年后的显着增长。链上分析公司 IntoTheBlock 的最新数据显示，持有 DOGE 的加密货币地址数量首次突破 500 万大关。

Dogecoin hits a new active wallets milestone

狗狗币活跃钱包达到新的里程碑

In conjunction with this milestone, the DOGE network has witnessed a notable increase in active addresses, exceeding 168,000 and reaching levels not seen since March 2022. Additionally, the Dogecoin blockchain has experienced a substantial spike in confirmed transactions, reaching the highest point since June. Impressively, the transaction count has surged by an astonishing 1,000% in the past 10 days. However, amid these positive indicators, concerns persist regarding the concentration of ownership within the DOGE market.

伴随这一里程碑，DOGE 网络的活跃地址显着增加，超过 168,000 个，达到 2022 年 3 月以来的最高水平。此外，狗狗币区块链的已确认交易量大幅飙升，达到 6 月以来的最高点。令人印象深刻的是，过去 10 天内交易数量惊人地激增了 1,000%。然而，在这些积极的指标中，人们对 DOGE 市场所有权集中的担忧依然存在。

BitInfoCharts reports that fewer than 5,000 addresses control over 80% of DOGE’s total supply. This concentration implies that a relatively small number of traders wield considerable influence over the cryptocurrency’s price dynamics. Despite these ownership disparities, DOGE’s market capitalization has seen a 14% increase, reaching nearly $11 billion over the month. The origins of Dogecoin’s rise to prominence can be traced back to early 2021 when Tesla CEO Elon Musk’s tweets featuring DOGE-related memes garnered widespread attention.

BitInfoCharts 报告称，不到 5,000 个地址控制着 DOGE 总供应量的 80% 以上。这种集中意味着相对少数的交易者对加密货币的价格动态具有相当大的影响力。尽管存在这些所有权差异，DOGE 的市值仍增长了 14%，本月达到近 110 亿美元。狗狗币的崛起可以追溯到 2021 年初，当时特斯拉首席执行官埃隆·马斯克发布的与狗狗币相关的表情包引起了广泛关注。

Musk’s influence played a pivotal role in the cryptocurrency’s notoriety and even inspired the creation of other dog-themed tokens like Shiba Inu. The broader surge of joke cryptocurrencies during this period can be attributed to a confluence of factors, including the lockdown measures prompted by the pandemic, government stimulus checks, and unprecedented monetary easing by central banks, fostering a climate of increased risk-taking in financial markets.

马斯克的影响力在加密货币的恶名中发挥了关键作用，甚至启发了柴犬等其他以狗为主题的代币的创建。在此期间，笑话加密货币的大范围激增可归因于多种因素的综合作用，包括大流行引发的封锁措施、政府刺激检查以及央行前所未有的货币宽松政策，从而助长了金融市场风险承担的气氛。

Challenges in ownership concentration

股权集中度的挑战

As DOGE continues to capture the interest of a growing number of cryptocurrency enthusiasts, the current statistics reflect a significant uptick in adoption and usage. The positive correlation between increased adoption and a cryptocurrency’s market value is evident in DOGE’s market capitalization, which has seen substantial growth in recent weeks. While the surge in addresses and transactions paints a picture of growing popularity, the concentration of ownership remains a key concern for the DOGE community.

随着 DOGE 继续吸引越来越多加密货币爱好者的兴趣，当前的统计数据反映出其采用和使用量显着上升。 DOGE 的市值在最近几周大幅增长，采用率的提高与加密货币的市场价值之间的正相关关系显而易见。虽然地址和交易的激增描绘了越来越受欢迎的景象，但所有权的集中仍然是 DOGE 社区的一个主要问题。

The fact that a relatively small number of addresses hold a substantial portion of the total supply raises questions about the potential for market manipulation and the influence of a select group of traders on DOGE’s price movements. Despite these challenges, DOGE’s resilience and enduring popularity suggest that the cryptocurrency has carved out a niche for itself in the broader digital asset landscape. The recent market capitalization increase is indicative of a positive trend, but stakeholders and investors will likely continue to monitor the distribution of ownership.

事实上，相对较少的地址持有总供应量的很大一部分，这引发了人们对市场操纵可能性以及特定交易者群体对 DOGE 价格走势影响的质疑。尽管面临这些挑战，DOGE 的韧性和持久的受欢迎程度表明，这种加密货币已经在更广泛的数字资产领域为自己开辟了一个利基市场。最近的市值增长表明了积极的趋势，但利益相关者和投资者可能会继续监控所有权的分配。

This will help them to assess the overall health and stability of Dogecoin’s market. Dogecoin’s journey from a meme-inspired cryptocurrency to a significant player in the digital asset space highlights the dynamic nature of the crypto market. The ongoing growth in adoption and transaction activity, coupled with concerns about ownership concentration, underscores the need for vigilance and thoughtful analysis as DOGE continues to navigate the evolving landscape of the cryptocurrency ecosystem.

这将帮助他们评估狗狗币市场的整体健康状况和稳定性。狗狗币从受模因启发的加密货币到数字资产领域的重要参与者的旅程凸显了加密市场的动态本质。采用和交易活动的持续增长，加上对所有权集中度的担忧，凸显了在 DOGE 继续驾驭加密货币生态系统不断变化的格局时，需要保持警惕和深思熟虑的分析。