Dogecoin Now Held at 5M Crypto Addresses, Though Concentration Remains a Concern
The number of cryptocurrency addresses holding DOGE has surpassed 5 million for the first time.
Concentration of ownership in DOGE remains an issue, with fewer than 5,000 addresses controlling over 80% of the supply.
DOGE's market capitalization has increased 14% to nearly $11 billion this month.