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Just 3 dormant addresses are behind 6% of Dogecoin (DOGE) market cap

As the most popular meme token enjoys an influx of new investors, a strong chunk is held by a few.

Just 3 dormant addresses are behind 6% of Dogecoin (DOGE) market cap

Cover art/illustration via CryptoSlate

More than 8% of Dogecoin (DOGE) in current circulation rests in the top ten dormant addresses, BitInfoCharts’ data shows.

The blockchain data provider’s chart also reveals that the top three dormant addresses currently account for over 6% of the token’s total market capitalization.

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