Dogecoin's chips are actually not as concentrated as the outside world claims; the real situation is very dispersed.
Many people think that the real situation is as shown in the chart below: the top 20 addresses hold about 50% of the total supply, but that's not true.
Almost everyone overlooks one thing: Dogecoin's chips seem concentrated, but they are actually concentrated in exchanges, and exchanges only hold them on behalf of users,
so essentially, Dogecoin's chips are indeed very dispersed.
However, Bitcoin and Ethereum are different; Bitcoin and Ethereum are increasingly concentrated in the hands of institutions.
Therefore, Dogecoin holders will definitely have to endure some hardships along the way.
$BTC
