Data on whales, the largest Dogecoin (DOGE) investors, is catching the attention of the cryptocurrency space. According to data analytics platform Whale Stats, the biggest investors in terms of DOGE holdings have some projects other than the biggest meme coin in focus. Here are the details…
Dogecoin whales have these coins in their wallet
Offering on-chain data on whales, Whale Stats reveals other projects in the wallet of investors who hold a large position in the largest meme coin, Dogecoin (DOGE). According to the data, DOGE whales have the most LYO Credit in their wallet. With an average of 664,017 coins, there is an amount of $ 737,301. After LYO, Ethereum (ETH) has the most. The average ETH amount is 330, while the average dollar value is around $430,225. On the other hand, Polygon (MATIC) is in the account of whales with 264,781 MATIC tokens.
Whales have 180,726 ZEDXIONs in their wallet. This equates to an average of $180,425. Tether (USDT) is also in the focus of whales. As we have also reported as Kriptokoin.com, USDT is a stablecoin pegged to the US dollar. The whales have approximately $142,000 USDT in their wallet. On the other hand, $90,496 Everdome and $87,241 5 Bitcoin (BTC) are in the accounts of whales. Finally, Cardano (ADA), Chainlink (LINK) and Elrond (EGLD) are kept in the wallets for 60-70 thousand dollars.
Number of DOGE investors increased
Meanwhile, the number of investors in the meme coin Dogecoin continues to grow. As of October 22, the number of 4,365,551 owners of Dogecoin registered on July 24 was up nearly 2 percent. DOGE now had 4,454,487 owners. According to CoinMarketCap, over three months, another 88,936 people have invested in the tenth-ranked cryptocurrency by market cap. Meanwhile, “hodler” activity was not reflected in Dogecoin price action. Currently, the asset has corrected over 16 percent in the past three months. It was trading at $0.059.
The mismatch between DOGE’s price and its owner growth can be attributed to several factors, including the belief that the meme coin’s value will potentially increase. In particular, the prospect of DOGE regrouping is highlighted by the continued accumulation of the asset by whales and related network activity trying to bring more benefits to the token.
The increase in owners is related to the acquisition of social media giant Twitter by Tesla CEO Elon Musk. It’s worth noting that Musk’s moves have a potential impact on DOGE’s price trajectory. In particular, Musk has expressed his support for DOGE while working with core developers. Musk’s previous tweets about Dogecoin drove the price of the token up.
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