Despite a downtrend from its all-time high that is yet to break out, Dogecoin still holds a strong and supportive community of DOGE owners. The most notable supporter is the multi-billionaire Elon Musk, whose support sparked its rally two years ago.
It is important to say that Dogecoin is a pseudonymous blockchain, and one single individual can control multiple addresses without a known link between them. Therefore, it is factually impossible to know how many people own the memecoin.
Notably, data from BitInfoCharts on November 1 shows that these 3.83 million addresses own 141.68 billion Dogecoin. Notably amounting to around $9.5 billion of owned DOGE.
Dogecoin population is similar to Berlin in Germany
Interestingly, if we considered the number of addresses as the Dogecoin population, the number of people who own at least 1 DOGE would be equal to capital cities such as Berlin in Germany, with around 3.67 million population.
This memecoin population owns around $9.5 billion in value by press time, which is 18 times lower than Berlin’s GDP of around $171.77 billion (€162.9 billion euros).
However, this capital is concentrated in an even smaller number of people who own Dogecoin. It is well-known that one single entity usually owns more than one wallet address.