Most Dogecoin Holders Didn't Buy the Elon Musk Top

Most Dogecoin Holders Didn’t Buy the Elon Musk Top

Elon Musk’s favorite cryptocurrency is far, far away from an all-time high price of $0.73 set in 2021. But for a majority of Some 77% of Dogecoin (DOGE) holders are in the money—meaning the cryptocurrency’s price is above what it was relative to when people bought it—according to The original meme coin with a market capitalization of $20 billion was created in 2013 Though Musk’s Dogecoin posts have largely petered off, his cheerleading on Twitter Instead, the opposite happened. The token Though some believe meme coins are The price of Dogecoin had risen 5% over the past day to $0.14, as of this writing, according to When it comes to the extent of holders’ paper gains, however, it appears Dogecoin isn’t top dog relative to other meme coins boasting a furry, four-legged mascot. That title currently belongs to the Ethereum-based meme coin Floki, with 83% of holders situated in the money.Toward the tail end of the pack, 60% of Shiba Inu (SHIB) holders have profits on paper. (IntoTheBlock doesn’t report data on the Solana-based DogWifHat or Bonk.) Meanwhile, 75% of holders for the meme coin Pepe are in the green.Drawing on everything from pop culture to internet memes—and even Edited by Andrew Hayward