Most Dogecoin ($DOGE) Holders Are Still in Profit, Blockchain Data Shows

Most Dogecoin ($DOGE) Holders Are Still in Profit, Blockchain Data Shows


CryptoGlobe
2023-01-14 02:20:00

Most holders of the meme-inspired cryptocurrency Dogecoin ($DOGE) remain in a state of profit, despite an over-year-long bear market in the cryptocurrency space that saw the value of most digital assets plunge. According to data from on-chain data firm IntoTheBlock, 57% of addresses holding Dogecoin are in-the-money, meaning they bought their DOGE tokens below current