The Top 15 Dogecoin Addresses Account for Nearly 50% of the Token Supply

“Who are the top holders of Dogecoin?”

This question is frequently asked in the crypto community, especially regarding the leading dog-themed memecoin. Recent data from BitInfoCharts reveals that nearly 50% of Dogecoin’s supply is controlled by just 15 addresses. But what does this data really mean? Let’s delve into who manages these wallets using blockchain data.

1. Robinhood (DEgDVFa2DoW1533dxeDVdTxQFhMzs1pMke)

This wallet holds the highest amount of Dogecoin, with almost 29 billion DOGE valued at nearly $6 billion, accounting for over 19% of the circulating supply. This is a cold wallet used by the trading platform Robinhood to store customer assets, having received over 36 billion DOGE since May 2023 while only sending out around 7 billion.

2. Upbit (D8ZEVbgf4yPs3MK8dMJJ7PpSyBKsbd66TX)

The second-largest DOGE holder, Upbit, has 8.9 billion DOGE worth approximately $1.8 billion. This cold wallet belongs to a leading Korean exchange, reflecting the retail-dominated and speculative nature of the Korean crypto market.

3. Binance (DE5opaXjFgDhFBqL6tBDxTAQ56zkX6EToX)

Third in line is a Binance cold wallet, accumulating nearly 8 billion DOGE valued at about $1.6 billion. As the world’s largest crypto exchange by volume, Binance naturally features significantly in DOGE holdings.

4. Cryptsy (DDTtqnuZ5kfRT5qh2c7sNtqrJmV3iXYdGG)

The fourth spot goes to Cryptsy, a now-defunct exchange that holds 5 billion DOGE worth over $1 billion. The future of these holdings remains uncertain since Cryptsy went into receivership in 2016.

5. Binance (DU8gPC5mh4KxWJARQRxoESFark2jAguBr5)

The second Binance cold wallet also holds substantial amounts with close to 4.8 billion DOGE worth over $980 million.

6. OKX (ADNbM5fBujCRBW1vqezNeAWmnsLp19ki3n)

This OKX hot wallet holds 4 billion DOGE worth over $831 million, utilized for regular trading liquidity needs on the exchange.

7. Binance (DGmzv39riELTuigZCUD6sWoHEHPdSbxdUB)

Another Binance cold wallet holds over 2 billion DOGE valued at around $430 million.

8. Dogeparty Burn Wallet (DDogepartyxxxxxxxxxxxxxxxxxxw1dfzr)

With nearly 1.9 billion DOGE worth over $376 million, this burn wallet permanently removes DOGE from circulation, linked to the Dogeparty project.

Remaining Top Holders:

• Robinhood (DDuXGMFNGpGjaAqyDunSMvceMBruc1wwKF): 1.5 billion DOGE worth over $307 million.
• Bybit (D94tDRhr4X9Tjgr8MG1Nrd5ARpesPAM7ZB): 1.1 billion DOGE worth over $224 million.
• Kraken (DBdiAmrND25pM7DW7awqiL696yx9x9q4dD): Over 1 billion DOGE worth over $215 million.
• Gate.io (DAAhXpPfziaCcGweJMWE4RSucLcee7NcqL): Over 1 billion DOGE worth over $210 million.
• Unknown (D9a1Ah7mUNAJwNqHPER4DN9zNLoqcYFDZW): 1 billion DOGE worth nearly $203 million.
• Unknown (DM9mYjhphV4cvBE9yMdNU9fQC4KLuK5M33): 1 billion DOGE worth about $203 million.
• Poloniex (D8WhgsmFUkf4imvsrwYjdhXL45LPz3bS1S): 1 billion DOGE worth nearly $203 million.