{"id":10672,"date":"2021-08-08T20:54:05","date_gmt":"2021-08-08T20:54:05","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/dogecoin-captures-double-digit-gains-this-week-one-address-still-holds-28-of-the-doge-supply\/"},"modified":"2021-08-08T20:54:05","modified_gmt":"2021-08-08T20:54:05","slug":"dogecoin-captures-double-digit-gains-this-week-one-address-still-holds-28-of-the-doge-supply","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/dogecoin-captures-double-digit-gains-this-week-one-address-still-holds-28-of-the-doge-supply\/","title":{"rendered":"Dogecoin Captures Double-Digit Gains This Week \u2014 One Address Still Holds 28% of the DOGE Supply"},"content":{"rendered":"

The notorious dogecoin has seen double-digit gains this past week as statistics show the meme-crypto asset has gained 19.66% during the last seven days. Out of the top ten digital currencies in terms of market capitalization, dogecoin has outshined the competition, even surpassing ethereum\u2019s 18% weekly gains.<\/strong><\/p>\n

Dogecoin\u2019s Weekly Gains Outshine the Competition, Google Trends Data Shows DOGE Interest Dive-Bombed After May<\/h2>\n

At the time of writing, both the topic dogecoin and the hashtag #dogecointothemoon have been trending<\/a> on social media Sunday afternoon. As far as interest is concerned, Google Trends (GT) data<\/a> shows that the search queries for the terms \u201cdogecoin\u201d and \u201cdoge\u201d have dropped very low.<\/p>\n

#DogecoinToTheMoon<\/a><\/p>\n

\u2014 Vikash Rao ???? (@Vikash17971677) August 8, 2021<\/a><\/p>\n<\/p>\n

During the first week of May, the term \u201cdogecoin\u201d topped the highest score on GT with a score of 100, while the term \u201cdoge\u201d hit a 29. Today, the query score for \u201cdogecoin\u201d is only 6 and the search term \u201cdoge\u201d is 3.<\/p>\n

Google Trends data for the terms \u201cdogecoin\u201d (blue line) and \u201cDoge\u201d (red line) on Sunday, August 8, 2021.<\/p>\n

Despite the drop, most crypto assets in terms of GT data that measures overall interest has dropped significantly. On the other hand, dogecoin (DOGE)<\/a> markets have jumped considerably higher than most crypto assets today, capturing close to 20% in the last seven days.<\/p>\n

DOGE\/USD price according to Bitcoin.com Markets data on August 8, 2021.<\/p>\n

Additionally if one were to compare 12-month statistics, in contrast to a great majority of the 10,000+ digital assets in existence today, DOGE has outshined them by a long shot. 12-month DOGE stats indicate dogecoin is up 6,849% on August 8.<\/p>\n

Dogecoin has been trading for roughly 0.00000557 BTC<\/a> per unit and the stablecoin tether (USDT)<\/a> is the largest DOGE pair capturing 71% of all trades on Sunday. This is followed by USD (10.81%), BTC<\/a>, (4.89%), BUSD (4.74%), and the Turkish lira or TRY (3.22%) dogecoin pairs. The sixth-largest trading pair with dogecoin (DOGE)<\/a> is the euro with 1.75% of Sunday\u2019s trades.<\/span><\/p>\n

<\/p>\n

Dogecoin Is Down 67% Since All-Time High, Mystery Dogecoin Whale Absorbs 28% of the DOGE Supply<\/h2>\n

However, dogecoin (DOGE)<\/a>, out of the top ten crypto valuations today, is down lower than its all-time high (ATH) than the rest of the top ten pack except for XRP<\/a>. Three months ago, DOGE tapped an ATH at $0.737 per unit and today it\u2019s down 67% from the ATH.<\/p>\n

\u201cToken Summary\u201d Into the Block stats for Dogecoin (DOGE) on Sunday.<\/p>\n

The biggest difference from DOGE, in contrast to XRP<\/a>, is that XRP<\/a> is not only down 76% today but that was over four years ago. Currently, 70% of dogecoin holders are making money at the current price according to Into the Block statistics<\/a>.<\/p>\n

The infamous \u201cDH5\u201d dogecoin address now holds 28% of the entire DOGE supply on August 8, 2021. This DOGE whale has managed to capture another 1% of the entire supply since February 5, 2021.<\/p>\n

There is a concentration of large holders today as Into the Block statistics indicate DOGE is around 63%. Data from bitinfocharts.com\u2019s richest dogecoin addresses<\/a> show the mysterious \u201cDH5<\/a>\u201d dogecoin address is still the largest DOGE holder today with 36 billion dogecoin.<\/p>\n

This year, there\u2019s been a number of theories<\/a> that suggest<\/a> the \u201cDH5\u201d dogecoin wallet belongs to Robinhood. At the time of writing, the \u201cDH5<\/a>\u201d dogecoin address has managed to absorb over 28% of the entire DOGE supply.<\/p>\n

What do you think about the weekly dogecoin (DOGE) gains and the mystery dogecoin holder with more than 28% of the supply? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarkets and Prices, "DH5\u201d dogecoin address, 28% of supply, Doge, Doge Price, dogecoin, Dogecoin (DOGE), dogecoin ATH, Dogecoin price, dogecoin value, Dogecoin whale, Double-Digit, Gains, Google trends, Into the Block stats, Market Update, Markets, Markets & Prices, Mystery DOGE address, Prices, Social Media, Trending, up 6849%, XRP<\/p>\n","protected":false},"excerpt":{"rendered":"

The notorious dogecoin has seen double-digit gains this past week as statistics show the meme-crypto asset has gained 19.66% during the last seven days. Out of the top ten digital currencies in terms of market capitalization, dogecoin has outshined the competition, even surpassing ethereum\u2019s 18% weekly gains. Dogecoin\u2019s Weekly Gains Outshine the Competition, Google Trends…<\/p>\n","protected":false},"author":0,"featured_media":10673,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-10672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10672"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=10672"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/10672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/10673"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=10672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=10672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=10672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}