Amidst the recent market downturn, Dogecoin (DOGE) continues to show resilience, with 84% of holders remaining profitable. This statistic reflects the strength of long-term investments in the meme coin, as many wallets are still in the green despite a 21% drop in value over the past week. The data from IntoTheBlock reveals that approximately 5.18 million DOGE addresses are currently profitable, showcasing a robust sentiment among holders.
Interestingly, while some investors are taking profits, the overall trend indicates that many are choosing to hold their positions during this volatile period.
