Dogecoin market oscillates: Whale selling draws attention, how do retail investors respond to new opportunities?

There is a clear trend in the Dogecoin market recently: whale investors are gradually reducing the number of Dogecoins they hold. According to on-chain data, these large investors have sold nearly 9% of the supply in the past year, which may not be good news for Dogecoin.

Specifically, addresses with 1% or more of the Dogecoin supply are defined as "whales." A year ago, these whales controlled about 45.3% of the Dogecoin supply, but now that proportion has dropped to about 41.3%. At the same time, retail and medium-sized investors have gradually increased their holdings.

According to IntoTheBlock, "investors" (addresses with 0.1-1% of the supply) hold about 21% of Dogecoin, while "retail investors" (entities holding less than 0.1%) hold 37%. This means that the structure of Dogecoin holders is becoming more dispersed.

The selling behavior of whales has put some pressure on the price of Dogecoin, because it shows that the interest of large funds in cryptocurrencies is weakening. However, on the other hand, the redistribution of supply may have a positive impact on the Dogecoin ecosystem because it reduces the concentration of assets in a few large companies.

#MegadropLista #ETH大涨 #BTC☀️

Finally, if you feel helpless and confused in trading at the moment, and want to know more about the relevant knowledge and first-hand cutting-edge information of the currency circle, ambush the 100x coin in advance, check the top, and welcome to discuss with you at any time. Here gathers a group of like-minded partners. Our common goal is to work together to reach the peak of wealth!