The digital currency Dogecoin is rising nicely this week. Remarkably, one address still holds a lot of coins. Read here how much.
Dogecoin has had a nice few weeks. The currency has risen by double digits in the past week. Statistics show that the meme crypto has gained 19.66% in the past seven days. Of the top ten digital currencies in terms of market capitalization, Dogecoin has surpassed the competition, even surpassing Ethereum’s weekly gains of 18%.
Dogecoin continues to rise
The currency continues to rise and there is a lot of buzz about it again. Dogecoin as hashtag #dogecointothemoon is trending on social media. So many people talk about it. Most crypto assets in terms of Google Trends data that measure overall interest have dropped significantly. On the other hand, Dogecoin markets have risen significantly higher than most crypto assets today, by nearly 20% in the past seven days.
In addition, if you were to compare the stats over 12 months, unlike a vast majority of the 10,000+ digital assets in existence today, DOGE has far surpassed them. The 12-month DOGE stats indicate that Dogecoin is up 6.849% on August 8. Yummy! You must have entered at the right time. Because the currency is down 67% since its all-time high.
Someone has a huge amount of Dogecoins
There is a whale that has a significant amount of Dogecoins. It known person “DH5” Dogecoin address now has 28% of the entire DOGE supply as of August 8, 2021. This DOGE whale has managed to capture another 1% of the entire supply since February 5, 2021. That’s quite a bit of money.
Data from the richest Dogecoin addresses from bitinfocharts.com shows that the mysterious “DH5” Dogecoin address is still the largest DOGE holder with 36 billion coins. This is a huge amount of Dogecoins. This year, there have been a number of theories suggesting that the “DH5” Dogecoin wallet belongs to Robinhood. But these are just rumors…
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