{"id":550584,"date":"2023-09-08T20:00:12","date_gmt":"2023-09-08T20:00:12","guid":{"rendered":"https:\/\/wncen.com\/?p=550584"},"modified":"2023-09-08T18:11:00","modified_gmt":"2023-09-08T18:11:00","slug":"dogecoin-dominates-holders-in-profit","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/dogecoin-dominates-holders-in-profit\/","title":{"rendered":"Dogecoin Dominates: Over 40% Holders In Profit, But How Do Other Meme Coins Fare?"},"content":{"rendered":"

A recent report<\/a> by IntoTheBlock offers new insights into the profitability of meme coin holders, including Dogecoin, highlighting variations in the percentage of holders in profit and whale concentration.\u00a0<\/span>Dogecoin, the forerunner in this category, continues to hold its own, with new data underscoring its dominance in terms of profitability for its holders.<\/span><\/p>\n

Related Reading: Dogecoin Poised for a 150% Surge? Key Price Levels to Watch<\/a><\/div>\n

Dogecoin Holds The Lead<\/span><\/h2>\n

According to the report by blockchain data analytics platform IntoTheBlock, Dogecoin outpaces its counterparts, with 42% of its holders being in profit. <\/span><\/p>\n

It is worth noting that this appears to solidify its position as a frontrunner in the meme coin domain and emphasizes its growing importance in the broader crypto space. <\/span><\/p>\n

\n

Ever wondered how meme coins compete on important metrics? \ud83d\udccaDive into our latest infographic where we break down the performance of 6 popular meme coins, analyzing holder profits and whale concentration.#Dogecoin<\/a> #Pepe<\/a> #LEASH<\/a> #SHIB<\/a> #FLOKI<\/a> #ELON<\/a> pic.twitter.com\/Di5vbyo3PZ<\/a><\/p>\n

\u2014 IntoTheBlock (@intotheblock) September 8, 2023<\/a><\/p><\/blockquote>\n

The analysis, which took into account the top six meme coins including Dogecoin (DOGE), Pepe (PEPE), Doge Killer (LEASH), Dogelon Mars (ELON), Shiba Inu (SHIB), and Floki (FLOKI), positioned PEPE and LEASH in second and third places, with 21% and 19% of their holders respectively turning a profit.<\/span><\/p>\n

Whale Concentrations And Other Tokens<\/span><\/h2>\n

In addition to highlighting profitability, the study delved into the concentration of whales within these meme coins. Interestingly, 44% of Dogecoin tokens are held by whale accounts<\/a>, while\u00a0<\/span>nearly half of the PEPE tokens (49%) are whale-owned<\/a>.<\/span><\/p>\n

The report also shows that whale concentration for LEASH rests at 42%.\u00a0<\/span>Dogelon Mars and Shiba Inu, although popular names in the meme coin sphere, are fourth and fifth in terms of holder profitability, with 14% and 11%, respectively. <\/span><\/p>\n

Floki, on the other hand, sees 10% of its holders in profit with a 59% whale concentration, indicating the large players’ influence in the meme coin market.\u00a0<\/span>Notably, whale concentrations can significantly impact the price movements of cryptocurrencies, making large holders create substantial market swings just with their trading decisions.<\/span><\/p>\n

Related Reading: Dogecoin Price Analysis: Is It Clawing Its Way Out Of The \u2018Crab Market\u2019?<\/a><\/div>\n

Furthermore, while Dogecoin has put roughly 44% of its holders in profit, the meme coin has not been exempt from the market’s volatile swings<\/a>. In the past month alone, DOGE has seen a more than 16% decline. It took a dip from its previous high of $0.77 to a low of $0.62, at the time of writing.<\/span><\/p>\n

\"Dogecoin<\/div>\n

Dogecoin (DOGE) price is moving sideways on the 4-hour chart. Source: DOGE\/USDT on TradingView.com<\/a><\/p>\n

In addition, despite the market downtrend, DOGE’s trading activity has surged<\/a>. The daily trading volume for the meme coin currently stands at $201 million, a considerable increase from the $128 million recorded late last month.<\/span><\/p>\n

Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

A recent report by IntoTheBlock offers new insights into the profitability of meme coin holders, including Dogecoin, highlighting variations in the percentage of holders in profit and whale concentration.\u00a0Dogecoin, the forerunner in this category, continues to hold its own, with new data underscoring its dominance in terms of profitability for its holders. Related Reading: Dogecoin Poised for a 150% Surge? Key Price Levels to Watch Dogecoin Holds The Lead According to the report by blockchain data analytics platform IntoTheBlock, Dogecoin outpaces its counterparts, with 42% of its holders being in profit. It is worth noting that this appears to solidify its position as a frontrunner in the meme coin domain and emphasizes its growing importance in the broader crypto space. Ever wondered how meme coins compete on important metrics? \ud83d\udccaDive into our latest infographic where we break down the performance of 6 popular meme coins, analyzing holder profits and whale concentration.#Dogecoin #Pepe #LEASH #SHIB #FLOKI #ELON pic.twitter.com\/Di5vbyo3PZ \u2014 IntoTheBlock (@intotheblock) September 8, 2023 The analysis, which took into account the top six meme coins including Dogecoin (DOGE), Pepe (PEPE), Doge Killer (LEASH), Dogelon Mars (ELON), Shiba Inu (SHIB), and Floki (FLOKI), positioned PEPE and LEASH in second and third places, with 21% and 19% of their holders respectively turning a profit. Whale Concentrations And Other Tokens In addition to highlighting profitability, the study delved into the concentration of whales within these meme coins. Interestingly, 44% of Dogecoin tokens are held by whale accounts, while\u00a0nearly half of the PEPE tokens (49%) are whale-owned. The report also shows that whale concentration for LEASH rests at 42%.\u00a0Dogelon Mars and Shiba Inu, although popular names in the meme coin sphere, are fourth and fifth in terms of holder profitability, with 14% and 11%, respectively. Floki, on the other hand, sees 10% of its holders in profit with a 59% whale concentration, indicating the large players’ influence in the meme coin market.\u00a0Notably, whale concentrations can significantly impact the price movements of cryptocurrencies, making large holders create substantial market swings just with their trading decisions. Related Reading: Dogecoin Price Analysis: Is It Clawing Its Way Out Of The \u2018Crab Market\u2019? Furthermore, while Dogecoin has put roughly 44% of its holders in profit, the meme coin has not been exempt from the market’s volatile swings. In the past month alone, DOGE has seen a more than 16% decline. It took a dip from its previous high of $0.77 to a low of $0.62, at the time of writing. Dogecoin (DOGE) price is moving sideways on the 4-hour chart. Source: DOGE\/USDT on TradingView.com In addition, despite the market downtrend, DOGE’s trading activity has surged. The daily trading volume for the meme coin currently stands at $201 million, a considerable increase from the $128 million recorded late last month. Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":550592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[134,6664,89341,1785,79600],"class_list":["post-550584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-altcoin","tag-crypto","tag-dogcoin","tag-doge","tag-dogeusdt"],"acf":[],"yoast_head":"\nDogecoin Dominates: Over 40% Holders In Profit, But How Do Other Meme Coins Fare?<\/title>\n<meta name=\"description\" content=\"A recent report by IntoTheBlock offers new insights into the profitability of meme coin holders, including Dogecoin, highlighting variation...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Dominates: Over 40% Holders In Profit, But How Do Other Meme Coins Fare?","url":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-dominates-holders-in-profit\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/dogecoin-dominates-holders-in-profit\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Dogecoin-Dominates-Over-40-Holders-In-Profit.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Dogecoin-Dominates-Over-40-Holders-In-Profit.jpg?fit=509%2C339"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","crypto","dogcoin","doge","dogeusdt"],"dateCreated":"2023-09-08T20:00:12Z","datePublished":"2023-09-08T20:00:12Z","dateModified":"2023-09-08T20:00:12Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Dominates: Over 40% Holders In Profit, But How Do Other Meme Coins Fare?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-dominates-holders-in-profit\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/dogecoin-dominates-holders-in-profit\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Dogecoin-Dominates-Over-40-Holders-In-Profit.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Dogecoin-Dominates-Over-40-Holders-In-Profit.jpg?fit=509%2C339\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"crypto\",\"dogcoin\",\"doge\",\"dogeusdt\"],\"dateCreated\":\"2023-09-08T20:00:12Z\",\"datePublished\":\"2023-09-08T20:00:12Z\",\"dateModified\":\"2023-09-08T20:00:12Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/Dogecoin-Dominates-Over-40-Holders-In-Profit.jpg?fit=509%2C339","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/550584"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=550584"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/550584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/550592"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=550584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=550584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=550584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}