As of May 2025, Dogecoin $DOGE boasts a substantial and growing community of holders. Recent data indicates that there are approximately 7.8 million Dogecoin holders, reflecting a significant increase from previous years.

Distribution of DOGE Holdings

Despite the large number of holders, Dogecoin's supply is notably concentrated among a small group of entities:

The top 10 holders control approximately 44.83% of the total DOGE supply.

The top 20 holders possess about 51.03%.

The top 50 holders account for 58.74%.

The top 100 holders hold around 63.78%.

This concentration suggests that a relatively small number of wallets have significant influence over the Dogecoin market.

Implications for Potential Millionaires

If Dogecoin's price were to experience a substantial increase, the impact on holders would vary based on the amount of DOGE they possess. For instance:

A holder with 1 million DOGE would see their holdings valued at $1 million if the price reaches $1 per DOGE.

A holder with 100,000 DOGE would require the price to reach $10 per DOGE to achieve millionaire status.

Given the current distribution, those in the top tiers of DOGE holders are more likely to reach such milestones with smaller price increases.

Conclusion

While Dogecoin has a vast and growing user base, the concentration of holdings means that significant price movements can disproportionately benefit a small group of holders. For the average investor, achieving millionaire status through DOGE would require either substantial holdings or significant price appreciation.