OG meme crypto, Dogecoin [DOGE] has emerged as the talk of the town following Elon Musk’s big Twitter takeover. The asset pocketed significant gains throughout the last couple of days. Amidst this, an on-chain platform evaluated the status of the top 50 holders of the asset.
Lookonchain took to Twitter and pointed out that the top 50 holders currently control 63.71 percent of DOGE’s total supply. This means they hold a total of 87.1 billion DOGE worth about $12.6 billion. it should be noted that at present there is 132,670,764,300 DOGE currently in supply.
While the world was busy betting big on Dogecoin over the last couple of weeks, these holders reduced their holdings by 21 million DOGE compared to last month. Taking the previous week into consideration these holders lowered their holdings by 761 million DOGE.
In addition, some of them pushed their holdings by 484 million DOGE over the last day. Further elaborating on these holders, Lookonchain tweeted,
Furthermore, over the last seven days, a whopping 1.2 billion DOGE worth $177 million flowed into Binance. Crypto.com on the other hand welcomed 45.5 million DOGE worth $6.7 million.
Total Dogecoin addresses witness a spike
The total number of unique addresses that hold assets in the Dogecoin network was quite dull throughout August and September. This, however, changed in October. There was a prominent spike over the month.
This increase was further aligned with Elon Musk’s $44 billion Twitter acquisition. At press time, the total addresses in the network were 4,453,237.
Additionally, for the very first time since April, DOGE surged to a high of $0.1572. During publication, the meme coin was trading for $0.1386 with a 14.68 percent daily surge.
It looks like most of these holders managed to bag major profits as Dogecoin continued to pocket significant gains over the last couple of days.