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How many people own 1 Dogecoin?

How many people own 1 Dogecoin?

Dogecoin (DOGE) was a huge success in 2021’s bull market. Going up in ranks while investors from all over the world turned their heads to the first memecoin in the cryptocurrency space.

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.

Currently, out of all the Dogecoin holders, more than 3.83 million crypto wallet addresses own at least 1 Dogecoin, at $0.067 per DOGE by press time.

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 rich list. Source: BitInfoCharts

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.

Besides that, the previously mentioned rich list indicates that the top 13 addresses own more than 25% of all Dogecoins available, worth approximately $2.45 billion.

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