BitInfoCharts platform analysts announced that as of November 13, the number of Dogecoin holders with a balance equal to or greater than $1 million fell to 635 addresses.
Of these, 548 DOGE holders maintain balances between $1 million and $10 million, and 87 addresses have balances exceeding $10 million.
According to BitInfoCharts experts, the decrease in the number of Dogecoin millionaires by approximately half compared to 2022 was a natural consequence of a drop in the value of the crypto asset by almost 50%: from $0.15 on November 1, 2022 to $0.078 on November 13, 2023.
During the day from Sunday, November 19, to Monday, November 20, the market value of DOGE fell by 1.3%. Against the backdrop of the upward dynamics of the cryptocurrency market, the price of the asset on the weekly timeframe increased by 6.7%. Over the 30-day observation period, the price of DOGE increased by more than 30%. At the same time, the asset was trading above the 200-day moving average.
Earlier, American billionaire Elon Musk, to whom the crypto community credits financial and advertising support for DOGE, said that none of his companies plans to issue their own digital assets.