Dogecoin: The number of whales is dwindling as prices fall! Subscribe!
The crypto market has been going through a turbulent period lately, and this has been reflected in the ownership structure of Dogecoin.
There have been significant changes: large Dogecoin holders holding more than 0.1% of the total supply are reducing their positions.
Concurrent with this reduction in positions by large holders, there was an increase in ownership among retail and average investors. These small investors took advantage of the opportunity to purchase more Dogecoin, increasing their collective stake in the overall supply.
This redistribution of Dogecoin assets may indicate a growing number of hamsters on board this cryptocurrency.
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