Dogecoin: The Number of Holders Rises to an All-Time High

Dogecoin, although being held around the zone of 0.21 to 0.23 dollars, has witnessed a rise in user numbers thanks to the acceptance of cryptocurrency investors from all backgrounds. Notably, on-chain data shows that Dogecoin has now surpassed 8 million in the number of addresses holding a balance greater than 0. On-chain analysis from Santiment shows that Dogecoin has risen from around 6.9 million holders at the beginning of 2025 to the latest milestone of 8 million holders. Only Ethereum and Bitcoin surpass Dogecoin in terms of user base size. The Number of People Holding Dogecoin Continues to Rise The driving force behind the popularity of Dogecoin shows no signs of slowing down, and the number of addresses holding this famous cryptocurrency has now risen to over 8 million. This trend stems from the fact that this cryptocurrency is becoming an increasingly preferred asset for many retail traders. This, in turn, has seen the number of Dogecoin holders continue to rise sharply this year, especially as retail investors begin to shift from other large market cap cryptocurrencies like Bitcoin, which many now consider to be an institutional cryptocurrency. Although Dogecoin also witnessed significant growth in the number of holders in 2024, the growth rate in 2025 is far surpassing the trend of 2024. To compare, it took an entire year to gain an additional 1 million new DOGE holders in 2024, while in 2025, the same number took less than eight months. This is a significant increase compared to about 6.9 million holders at the beginning of 2025.

The latest data shows that Dogecoin is leading other major cryptocurrencies with large market capitalization such as Cardano (ADA), Chainlink (LINK), and XRP, as well as major stablecoins like USDT and USDC, in terms of the total number of holders. Only Ethereum, with about 148 million addresses, and Bitcoin, with about 55 million, surpass the acceptance level of Dogecoin. Dogecoin Whale Continues to Accumulate The stable rise of new Dogecoin addresses is supported by a corresponding increase in accumulation activity from whales. Transaction data shows that large wallets have added billions of Dogecoin in recent weeks. For example, recent on-chain data shows that wallet addresses holding between 100 million to 1 billion Dogecoin have recently added about 2 billion Dogecoin, worth 448 million dollars, to their holdings in just one week. At the organizational level, Bit Origin has attracted attention after committing to invest 500 million dollars into the Dogecoin fund last month when the price fluctuated around 0.24 dollars. Technical traders are also paying close attention. An analyst nicknamed Trader Tardigrade pointed out that the current chart setup of Dogecoin is approaching the final consolidation phase before a price rise on the daily candlestick chart. If this price rise occurs, the analyst predicts the price will rise to $0.41 after breaking out of the triangular consolidation pattern. Interestingly, a longer-term analysis from the same analyst on the monthly candlestick chart shows that Dogecoin has built a support foundation and is ready for the next price rise that could reach 4 dollars.