Data: The number of Dogecoin holding addresses has exceeded 5 million, with fewer than 5,000 addresses controlling over 80% of the DOGE supply

ChainCatcher news, according to CoinDesk, the number of cryptocurrency addresses holding Dogecoin has surpassed 5 million for the first time. Meanwhile, the number of active addresses on the network has more than doubled, reaching 168,000, the highest level since March 2022.

However, according to BitInfoCharts data, fewer than 5,000 addresses control over 80% of the DOGE supply, meaning that relatively few traders can influence the price of the cryptocurrency.