Dogecoin’s Recent Rally Sparks Increase in Long-Term Hodlers
According to a prominent analytics firm, investors have accumulated billions of Dogecoin (DOGE) with the intention of holding onto it for an extended period.
As per IntoTheBlock, individuals who have held DOGE for more than a year, known as “hodlers,” now have possession of 44.8 billion DOGE, valued at over $3.76 billion.
The amount of DOGE held by long-term investors is the highest it has been since October 2021, when the token was priced at approximately $0.30.
Since the beginning of 2022, the number of DOGE hodlers has been steadily increasing, with 3.18 million addresses holding the cryptocurrency, which makes up 74.66% of all DOGE wallets.
The increase in DOGE’s count of long-term holders coincides with the recent price surge of the memecoin, which increased from $0.071 to $0.085 in a week, or almost 20%.
READ MORE: Bitcoin Price Rally in April? Analyst Weighs In on Potential Breakout
Currently, 61% of DOGE investors are making a profit, while 34% are losing money, and only 5% are breaking even. DOGE is now trading at $0.084 with a 24-hour trading volume of $943 million.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
