52% of Dogecoin Addresses Are in Profit At Current Market Price

Dogecoin Addresses

Dogecoin is currently trading at $0.08134 according to data from Coinmarketcap. At this price, 52% of the holders of the coin are in profit. This is according to on-chain data from IntoTheBlock. According to the analysis platform, 45% of Dogecoin holders are out of the money while the remaining 2% are at the money or breakeven point.

A detailed breakdown shows that 2.05 million addresses are in the money and make up 52.40% of all Dogecoin addresses. The addresses that are still out of money at the moment are 1.77 million and make up 45.37% of the total Dogecoin addresses. The addresses at the breakeven price are 2.22% or 86,880 addresses.

Dogecoin Whale Addresses

Dogecoin whales are those addresses that hold 1% of the total DOGE circulation. The blockchain data shows that there are 9 whale addresses controlling 46.42% of total DOGE circulation of 62.53 billion DOGE. Of these 9 addresses, 5 are high activity whale addresses. These have made more than 300 transactions since their lifetime. While 4 are low activity whale addresses.

The high activity whale addresses hold 29.57 billion, 7.83 billion, 5.03 billion, 2.82 billion and 1.85 billion DOGE. The low activity whale addresses hold 6.29 billion, 5.34 billion, 2.38 billion and 1.4 billion DOGE.

Dogecoin Investor Addresses

These are those addresses that hold 0.1-1% of the total DOGE circulation. According to blockchain data, there are 60 investor addresses. Of these, 13 are high activity addresses, while 47 are low activity addresses. Investors constitute 19.55% or 26.33 billion DOGE.

Retail addresses are 34.03% of DOGE holding addresses. These hold 45.83 billion DOGE.

Large Holder Inflow And Outflow

Large holder addresses are those holding at least 0.1% of total circulation. Large holder address inflow peaked on October 29, 2021, at 36.16 billion DOGE. This was when the price of DOGE was $0.2918.

In the past 30 days, the highest large holder inflow was 7.72 billion DOGE on May 12, 2022, when the price of DOGE was $0.0774. On June 3, the inflow was 497.4 million DOGE, while the price of the coin was $0.08106. This is a 93.5% drop from the May 12 inflow.

Dogecoin Addresses

October 29, 2021 holds the record for the highest outflow for Dogecoin. On that day, 34.85 billion DOGE outflow was recorded. The price of Dogecoin was $0.2918.

In the past 30 days, the highest outflow for DOGE was on May 12, 2022. An outflow of 7.74 billion DOGE was recorded when the asset had a market price of $0.077480. On June 3, Dogecoin recorded an outflow of 87.97 million DOGE. This is a 99% drop from the May 12 outflow.

Dogecoin Netflow

Dogecoin netflow peaked on January 27, 2022 at 9 billion DOGE. This was at a price of $0.141.  On a 30-day scale, the peak netflow was on May 18, 2022 at 610.66 million DOGE. This was at the price of $0.08695. The netflow of June 3, was 409.43 million DOGE, at the price, $0.081065. This is a 32% drop from the May 18 value.

 

Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative reviews.

Leave a Reply