Dogecoin Whales Exit: Total Supply Plunges By Almost 9%

Quick Summary:

On-chain data shows the Dogecoin whales have been shaving off their holdings over the past year, a sign that could be bearish for the memecoin.

In both of these metrics, Dogecoin is currently the number one memecoin.

Rather, it’s Degen (DEGEN).“This achievement is remarkable considering DEGEN’s market cap is only 0.79% of Dogecoin’s,” notes the analytics firm.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Doge Dogecoin Exodus Dogeusd Dogecoin Dogecoin Dogecoin Selling Dogecoin whales Dogecoin Bearish Dogecoin Supply

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-20 @ 03:00:08 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21316825

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About Bitcoinist

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Official Website: bitcoinist.com

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Coverage Areas: Hungary

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