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Learn how many Dogecoin holders there really are, what on-chain data reveals about wallet counts, and why the numbers matter for DOGE’s future

Dogecoin (DOGE) has long captivated the crypto space, moving far beyond its origins as a joke-based token and gaining serious traction among everyday investors. As the community grows and more wallets hold the token, one key question arises: How many Dogecoin holders are there? 
Estimating the Number of Holders
When attempting to determine how many holders Dogecoin has, it’s important to clarify what “holder” means. In blockchain terms, it often refers to distinct wallet addresses holding DOGE—not individual people. Because one person may control multiple addresses, any number based on wallet count will only approximate the number of actual people.
Recent on-chain data suggests that Dogecoin has reached about 8 million wallet addresses holding the token. One analytics platform shared that at the beginning of 2025, Dogecoin had roughly 6.9 million holders, and that figure had climbed to 8 million.
Another source, though more conservative, puts the figure at around 4 million individuals holding at least one whole DOGE. Yet another dataset reports over 8.46 million addresses. These variations shed some light on both the growth of the network and the complexity of measurement.

Breaking Down the Numbers and Context
Several factors make interpreting the holder count tricky. First, exchange custodial wallets (where an exchange holds coins on behalf of many users) inflate the address count without representing unique individuals. It’s been noticed that many top-wallets that appear to be large holders are, in fact, exchange-controlled and reflect aggregated holdings of many users.
Secondly, the distribution of holdings is extremely skewed. While millions of wallets hold some DOGE, a relatively small number of addresses control a very large portion of the supply. For example, data indicates the top 10 wallets alone hold a big percentage of the total DOGE supply. Because of this, the “average” wallet holding may be modest, but a few “whale” addresses dominate.
Thirdly, growth in the number of addresses doesn’t always equate to growth in unique new investors. Many new addresses may be existing users diversifying wallets, or could represent inactive or dust-wallets rather than engaged holders.
What the Growth Suggests
The fact that holder counts have increased from the low-millions into the 8-millions signals a healthy expansion of the network of DOGE owners. More holders can mean a broader base of community engagement, increased transactions, and potentially more real-world utility rather than purely speculative interest.
However, the skew toward large holders means one should not assume totally decentralised ownership or that the network dynamics mirror those of widely distributed tokens. Because a few major addresses hold so much, they retain meaningful influence over supply moves, demographic exposure, and market psychology.
Also, as the token was famously one of the earliest “meme coin” assets, the large number of holders may reflect a mix of hobbyist users, small-stake holders, and more serious investors. That diversity can be a strength (broad participation) but also means many holders may be more passive or speculative rather than long-term adopters.
$DOGE
#Dogecoin‬⁩
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The U.S. House moves to end the prolonged government shutdown, with markets and crypto poised for a post-reopening rally led by Bitcoin and XRP.
A key House vote could end the U.S. shutdown, restoring liquidity and fueling optimism for a crypto rebound as analysts eye Bitcoin and XRP gains.
The long-running U.S. government shutdown could soon come to an end after the House Rules Committee approved a Senate-passed funding bill aimed at reopening federal agencies. The decision marks a major step toward restoring normal government operations, with a full House vote expected as early as Wednesday afternoon.
House Committee Clears Path for Final Vote
In an 8–4 vote along party lines, the House Rules Committee advanced the procedural rule needed to bring the Senate’s funding bill to the floor. The legislation proposes to fund most federal agencies through January 30, effectively ending weeks of halted operations.
The move follows the Senate’s 60–40 bipartisan vote on Monday, signaling rare cooperation between Republicans and Democrats after multiple failed negotiation rounds.
Lawmakers are now pushing to pass the bill swiftly to avoid further disruptions. House Speaker Mike Johnson has urged members to return to Washington, D.C., emphasizing that continued delays could worsen travel and airport disruptions due to FAA restrictions. With both chambers away for the Veterans Day holiday, Wednesday marks the earliest possible day for a full House vote.
The committee rejected several Democratic amendments, including proposals to extend expiring health insurance subsidies and restrict senators from suing law enforcement agencies over data seizures. Accepting these changes would have required sending the bill back to the Senate, potentially causing further delays.
Bipartisan Effort Ends Weeks of Political Stalemate
This breakthrough follows over 14 unsuccessful negotiation attempts, with progress largely driven by a coalition of eight Democratic senators who helped broker the final compromise. The new Senate funding bill reflects a renewed willingness by both parties to find common ground amid rising political and economic pressure.
Once approved by the House, the measure will move to President Trump’s desk for signing, officially ending the shutdown and restoring full federal functions across agencies.
Market and Crypto Market Outlook
The potential end of the U.S. government shutdown has sparked optimism across both traditional financial markets and the crypto market. Historically, similar government reopenings have triggered positive momentum. For example, Bitcoin price surged by over 266% within five months after the 2019 shutdown ended.
Currently, Bitcoin (BTC) is trading around $104,895, down roughly 14% since the latest shutdown began in early October amid growing trade tensions.
Analysts at Sistine Research have labeled XRP as the “fastest horse” in the anticipated post-shutdown rally, expecting strong gains once market confidence returns.
As the U.S. government prepares to reopen, analysts anticipate renewed liquidity inflows and improved investor confidence across sectors, especially within the digital asset market, signaling potential upside for Bitcoin, XRP, and other leading cryptocurrencies.
$BTC
$XRP
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A technical malfunction involving one of BitGo’s XRP wallets has caused a surge of failed transactions across the XRP Ledger (XRPL), sparking concern among developers and community analysts.
Key Takeaways:
BitGo wallet malfunction flooded the XRP Ledger with thousands of failed transactions.
Over 11,000 new accounts were created in a single day.
Ripple community flagged “UNFUNDED PAYMENT” errors across the network.
XRP price remained stable near $2.44 despite network congestion.
The issue, which emerged earlier this week, led to an abnormal rise in “UNFUNDED PAYMENT” messages as the system repeatedly attempted to create new accounts despite having no remaining balance.
Wallet Glitch Triggers Chaos on XRPL
The problem originated from BitGo’s “Initialization Wallet,” responsible for activating addresses within the Evernorth network. The automated process kept generating new XRP accounts, each requiring a one-XRP reserve for activation. Once the wallet’s balance was depleted, it failed to stop the loop, continuously attempting transactions that could not be completed.
This error resulted in a spike in failed transactions that temporarily cluttered the network. Blockchain explorers recorded thousands of such operations within hours, with daily account creation briefly soaring to nearly 11,000 — an unusually high figure for the XRPL.
Developers Move to Contain Impact
Blockchain engineers monitoring the ledger quickly identified the cause, confirming that the issue stemmed from an automated process rather than malicious activity. Community validators and BitGo’s technical team reportedly intervened to halt the sequence and restore normal functionality.
While the congestion did not lead to a network outage, it drew attention to the potential risks of automated wallet scripts running without proper safeguards. Some analysts noted that this incident underlines the importance of balance checks and fail-safe mechanisms in institutional custodial systems.
Market Reaction and Price Stability
Despite the spike in failed transactions, XRP’s market performance remained largely unaffected. The token traded near $2.44 at the time of writing, maintaining support after recent ETF-related optimism.
The daily chart indicates moderate volatility, with the RSI hovering around 49 — a sign of neutral momentum. Traders noted that while the glitch briefly disrupted ledger activity, it did not erode investor confidence or alter market structure.
Community Response
The XRP community was quick to share screenshots and analyses of the anomaly, calling for clearer transparency and incident reporting from custodial partners. Many users praised the swift response from both BitGo and independent validators in preventing further network stress.
While the event served as a reminder of the XRP Ledger’s resilience, it also reignited debate over the safety of automated systems and institutional wallet management.
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XRP price started a decent increase above $2.420. The price is now consolidating and might aim for another increase if it stays above the $2.350 level.
XRP price started a downside correction and tested the $2.320 zone.
The price is now trading near $2.420 and the 100-hourly Simple Moving Average.
There is a bearish trend line forming with resistance at $2.430 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could continue to move up if it clears $2.50.
XRP Price Eyes Additional Gains

XRP price started a downside correction from the $2.580 zone, like Bitcoin and Ethereum. The price dipped below the $2.550 and $2.50 levels to enter a consolidation phase.
The price even dipped below the 50% Fib retracement level of the upward move from the $2.240 swing low to the $2.580 high. However, the bulls remained active above the $2.320 support. It is now rising and trading above $2.40.
The price is now trading near $2.420 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $2.430 level. There is also a bearish trend line forming with resistance at $2.430 on the hourly chart of the XRP/USD pair.
The first major resistance is near the $2.450 level, above which the price could rise and test $2.50. A clear move above the $2.50 resistance might send the price toward the $2.580 resistance. Any more gains might send the price toward the $2.650 resistance. The next major hurdle for the bulls might be near $2.720.
Another Decline?
If XRP fails to clear the $2.450 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.3420 level. The next major support is near the $2.320 level and the 76.4% Fib retracement level of the upward move from the $2.240 swing low to the $2.580 high.
If there is a downside break and a close below the $2.320 level, the price might continue to decline toward $2.250. The next major support sits near the $2.20 zone, below which the price could continue lower toward $2.120.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.
Major Support Levels – $2.3420 and $2.320.
Major Resistance Levels – $2.450 and $2.50.
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