13 Dogecoin addresses control 46% of DOGE supply
- —13 addresses hold 72.24 billion DOGE out of 156.39 billion in circulation
- —Robinhood-ColdWallet holds 21.14 billion DOGE worth $2.155 billion
- —Upbit and Binance hold 11.68 billion and 10.9 billion DOGE respectively
- —Whales added 600 million DOGE last week, bringing holdings to 56.21 billion
Why it matters: Heavy concentration in exchange custody wallets raises the risk of sharp sell-offs if large holders move their coins.
Source: Finbold