Dogecoin Addresses Holding Over $1M Surpassed 1,000 Following DOGE’s Price Explosion

The finalization of the Twitter-Musk deal triggered a large value growth for the first-ever memecoin, which has soared by almost 100% in lower than every week.

As a consequence, DOGE addresses richer than $1 million surpassed 1,000 for the primary time since April 2022.

The cryptocurrency market has lately taken a breath of recent air after a number of months of extended crypto winter, and Dogecoin has been on the forefront.
The token’s value began surging on the information that Elon Musk and Twitter are near shaking arms on the $44 billion acquisition deal and continued its uptrend after the settlement was formally accomplished.
At the second of writing these traces, DOGE’s valuation hovers round $0.14, which means a 100% enhance in comparison with the figures every week in the past.

According to information from BitInfoCharts, the value explosion created quite a few DOGE addresses value over 1,000,000 USD, and such addresses are at the moment 1,039. The final time they crossed the 1,000 mark was in April this yr when DOGE was buying and selling at roughly the identical ranges as now.
When the memecoin’s valuation stood at a mere $0.05 in September, addresses richer than $1 million have been solely 580.
It is value noting that these addresses don’t replicate the precise variety of DOGE millionaires, as one can make investments utilizing a number of accounts.
People with Robinhood wallets collectively have 39,008,331,805 tokens. Calculated at at this time’s costs, this equals over $5 billion. The second place belongs to Binance buyers with over $1 billion value of DOGE.