The post 1 in every 10 Dogecoin millionaires has disappeared in 2026  appeared on BitcoinEthereumNews.com. Dogecoin (DOGE) has lost nearly one-tenth of its millionaireThe post 1 in every 10 Dogecoin millionaires has disappeared in 2026  appeared on BitcoinEthereumNews.com. Dogecoin (DOGE) has lost nearly one-tenth of its millionaire

1 in every 10 Dogecoin millionaires has disappeared in 2026

3 min read

Dogecoin (DOGE) has lost nearly one-tenth of its millionaire holders in the opening weeks of 2026, coinciding with price weakness for the meme cryptocurrency.

Blockchain data from the Dogecoin Rich List shows that on January 1, 2026, reviewed by Finbold with the help of the Wayback Machine, there were 1,052 Dogecoin millionaire addresses, defined as wallets holding at least $1 million worth of DOGE.

That total comprised 889 addresses with holdings valued between $1 million and $9.99 million, alongside 163 wallets holding more than $10 million.

Dogecoin addresses value. Source: BitInfoCharts

By February 2, 2026, the number of millionaire addresses had fallen to 950, with 800 wallets in the $1 million to $9.99 million range and 150 addresses above $10 million.

The decline of 102 millionaire wallets in just over one month represents a 9.7% drop, meaning roughly one in every ten Dogecoin millionaires disappeared over that period.

Dogecoin addresses value. Source: BitInfoCharts

The contraction closely mirrors Dogecoin’s price weakness early this year, as the token has failed to sustain momentum amid broader risk-off conditions in crypto markets. In this context, DOGE has dropped nearly 15% year to date, trading at $0.11 as of press time.

DOGE YTD stock price chart. Source: Finbold

Dogecoin’s 2026 struggles

With Dogecoin lacking a hard supply cap and continuing to issue new coins, sustained price appreciation has proven difficult during periods of fading speculative demand. 

Notably, Dogecoin’s lack of real-world utility continues to drive investors away, as capital shifts toward cryptocurrencies offering staking, lending, or more robust ecosystems rather than relying on meme-driven hype. 

Its inflationary supply, with unlimited new coins minted via mining, exerts constant downward pressure, diluting value when demand weakens. 

At the same time, the waning influence of early boosters such as Elon Musk has also played a role, with recent mentions failing to spark significant rallies and leaving DOGE vulnerable to fading sentiment. 

Broader market dynamics have amplified the pressure, as a crypto-wide downturn driven by macroeconomic headwinds, including U.S. interest rate concerns, regulatory uncertainty, geopolitical risks, and reduced ETF inflows, has weighed on risk assets. 

Overall, meme coins like DOGE tend to suffer disproportionately in such environments. 

While some on-chain data shows accumulation during the dip, hinting at potential stabilization if key support around $0.10 holds, bearish technical signals and shrinking trading volumes suggest further downside risk, with some forecasts targeting the $0.05 to $0.08 range if momentum fails to reverse.

Featured image from Shutterstock

Source: https://finbold.com/1-in-every-10-dogecoin-millionaires-has-disappeared-in-2026/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Three dormant wallets, suspected to belong to the same entity, purchased 5,970 ETH eight hours ago.

Three dormant wallets, suspected to belong to the same entity, purchased 5,970 ETH eight hours ago.

PANews reported on February 4 that, according to Lookonchain monitoring, three wallets that had been dormant for four years (likely controlled by the same entity
Share
PANews2026/02/04 11:36
BlackRock Increases U.S. Stock Exposure Amid AI Surge

BlackRock Increases U.S. Stock Exposure Amid AI Surge

The post BlackRock Increases U.S. Stock Exposure Amid AI Surge appeared on BitcoinEthereumNews.com. Key Points: BlackRock significantly increased U.S. stock exposure. AI sector driven gains boost S&P 500 to historic highs. Shift may set a precedent for other major asset managers. BlackRock, the largest asset manager, significantly increased U.S. stock and AI sector exposure, adjusting its $185 billion investment portfolios, according to a recent investment outlook report.. This strategic shift signals strong confidence in U.S. market growth, driven by AI and anticipated Federal Reserve moves, influencing significant fund flows into BlackRock’s ETFs. The reallocation increases U.S. stocks by 2% while reducing holdings in international developed markets. BlackRock’s move reflects confidence in the U.S. stock market’s trajectory, driven by robust earnings and the anticipation of Federal Reserve rate cuts. As a result, billions of dollars have flowed into BlackRock’s ETFs following the portfolio adjustment. “Our increased allocation to U.S. stocks, particularly in the AI sector, is a testament to our confidence in the growth potential of these technologies.” — Larry Fink, CEO, BlackRock The financial markets have responded favorably to this adjustment. The S&P 500 Index recently reached a historic high this year, supported by AI-driven investment enthusiasm. BlackRock’s decision aligns with widespread market speculation on the Federal Reserve’s next moves, further amplifying investor interest and confidence. AI Surge Propels S&P 500 to Historic Highs At no other time in history has the S&P 500 seen such dramatic gains driven by a single sector as the recent surge spurred by AI investments in 2023. Experts suggest that the strategic increase in U.S. stock exposure by BlackRock may set a precedent for other major asset managers. Historically, shifts of this magnitude have influenced broader market behaviors as others follow suit. Market analysts point to the favorable economic environment and technological advancements that are propelling the AI sector’s momentum. The continued growth of AI technologies is…
Share
BitcoinEthereumNews2025/09/18 02:49
NVIDIA Stock Price Analysis as OpenAI Issues Concerns About its Chips

NVIDIA Stock Price Analysis as OpenAI Issues Concerns About its Chips

Key Insights NVIDIA stock started the week in the red. It crashed by over 2%. Meanwhile, the S&P 500, Dow Jones, and Nasdaq 100 moved close to their all-time highs
Share
Themarketperiodical2026/02/04 11:27