Over 1,000 Dogecoin addresses now worth over $1 million each

The number of addresses containing Dogecoin worth over $1 million has exceeded 1,000 for the first time since April.

The Twitter-Musk deal is a big win for memecoin investors, as the value of the coin has soared by nearly 100% in less than a week. This is a major development for the memecoin market, and it is likely that the value of the coin will continue to rise in the future.

It is clear that Dogecoin is on the rise, with more addresses containing over $1 million worth of the currency than ever before. This is a trend that is likely to continue, as Dogecoin becomes more and more popular.

  • With the cryptocurrency market recently taking a breath of fresh air after several months of prolonged crypto winter, Dogecoin has been at the forefront. This surge in popularity and value for Dogecoin is a positive sign for the future of cryptocurrency. With more and more people interested in and using cryptocurrencies, it is likely that the market will continue to grow.
  • It looks like the $44 billion acquisition deal between Elon Musk and Twitter is paying off – at least for the token's price. The token has been surging since news of the deal broke, and after it was officially completed, the price continued to rise. This is a big win for both Musk and Twitter, and it will be interesting to see how the token's price reacts in the future.
  • It is clear that the value of DOGE has increased significantly in the past week, and it is currently hovering around $0.14. This is good news for those who have invested in the currency, and it shows that there is still potential for growth in the future.
DOGEUSD. Source: TradingView
The DOGEUSD pair is currently trading at $0.0027 and is down by 5.17% on the day.
  • 1,000 DOGE addresses worth over a million USD is a huge milestone for the DOGE community! This is a clear indication that DOGE is becoming more and more popular, and that people are confident in its future. With prices currently sitting at around the same level as they were in April, it's safe to say that DOGE is here to stay!
  • With the memecoin's value currently standing at $0.05, there are only 580 addresses that are richer than $1 million. This low number could be due to the recentness of the memecoin, or lack of interest in it.
  • It is worth noting that the number of DOGE millionaires does not reflect the exact number of people who have invested in the cryptocurrency. One can invest using multiple accounts, which means that the actual number of millionaires is likely higher. This is a positive sign for the future of DOGE, as it indicates that there is significant interest in the currency.
  • The Robinhood app has become a popular way for people to invest in cryptocurrencies. According to recent data, people with Robinhood wallets have a collective total of over 39 billion tokens. This is worth over $5 billion at current prices. Binance is in second place, with investors holding a total of over $1 billion worth of DOGE.

I am very bullish on Dogecoin (DOGE) and believe that its price will continue to rise in the future. I think that the number of addresses holding over $1 million worth of DOGE will continue to increase as more people invest in the coin.