14 hour ago
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BEARISH 📉 : 10% of Dogecoin Millionaires Drop Below Threshold in 2026
Recent data indicates a significant shift in Dogecoin's on-chain wealth metrics as of early 2026. A notable decrease has been observed in the number of wallets holding at least $1 million worth of DOGE.
Key Points:
- Since the start of 2026, the number of Dogecoin millionaire wallets has decreased by approximately 10%.
- Initially, there were 1,052 wallets with balances over $1 million; this number has now dropped to around 950.
- The decline correlates with a period of price weakness for Dogecoin.
Price Impact:
- Dogecoin's price has fallen about 32% since January 4, from an earlier peak of $0.29 to $0.1084 currently.
- If the price drops below $0.10, further reductions in millionaire wallets are likely.
This trend reflects changing dynamics among large holders, possibly due to profit-taking or waiting out current market conditions.
