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

GBP/USD rises as Fed rate cut odds boost Sterling

GBP/USD rises as Fed rate cut odds boost Sterling

The post GBP/USD rises as Fed rate cut odds boost Sterling appeared on BitcoinEthereumNews.com. GBP/USD resumes its uptrend on Friday, trimming some of Thursday’s losses as the US Dollar (USD) recovers some ground. Inflation data in the US kept steady the chances of a Federal Reserve (Fed) cut at the December meeting, weighing on the Greenback. At the time of writing, the pair trades at 1.3349, up 0.19%. GBP/USD rallies as US Core PCE reaffirms Fed rate cut in December The Core Personal Consumption Expenditures (PCE) Price Index, the Fed’s favorite inflation gauge, which excludes food and energy, rose by 0.2% MoM in September, unchanged from August and aligned with estimates. In the twelve months to September, it ticked lower from 2.9% to 2.8%. At the same time, the University of Michigan Consumer Sentiment in December rose to 53.3, above estimates of 52 and up from November’s final reading of 51. Joanne Hsu, the Director of the Surveys of Consumer, noted that “consumers see modest improvements from November on a few dimensions, but the overall tenor of views is broadly somber.” Americans’ one-year inflation expectations in December dipped from 4.5% to 4.1%. For a five-year period, it decreased from 3.4% in November to 3.2%. Given the backdrop, expectations for a 25 basis points (bps) Fed rate cut next week remained unchanged at 84%, as revealed by Capital Edge Rate Expectations Overview data. Source: Capital Edge After the data release, GBP/USD bounced towards 1.3350 after meandering around 1.3340 as the US Dollar tumbled to expectations of further easing. In a note, Morgan Stanley said it expects a 25-bps cut in December, in January, and in April of 2026. They expect the Fed funds rate to end at 3%-3.25%. The British Pound (GBP) shrugged off worries about last month’s budget, while business activity showed some improvement, according to S&P Global. Despite this, the Bank of England…
Share
BitcoinEthereumNews2025/12/06 02:24
Crossmint Partners with MoneyGram for USDC Remittances in Colombia

Crossmint Partners with MoneyGram for USDC Remittances in Colombia

TLDR Crossmint enables MoneyGram’s new stablecoin payment app for cross-border transfers. The new app allows USDC transfers from the US to Colombia, boosting financial inclusion. MoneyGram offers USDC savings and Visa-linked spending for Colombian users. The collaboration simplifies cross-border payments with enterprise-grade blockchain tech. MoneyGram, a global leader in remittance services, launched its stablecoin-powered cross-border [...] The post Crossmint Partners with MoneyGram for USDC Remittances in Colombia appeared first on CoinCentral.
Share
Coincentral2025/09/18 21:02
MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows

MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows

The post MOEX to Launch $XRP Indices/Futures: $MAXI Adoption Grows appeared on BitcoinEthereumNews.com. MOEX to Launch $XRP Indices/Futures: $MAXI Adoption
Share
BitcoinEthereumNews2026/02/04 06:00