Vast Majority of Dogecoin Holders in the Money After Elon Musk Trump Pump
Dogecoin has experienced a rally, resulting in more than 85% of holders realizing positive returns on their investments. The token, which is currently trading at approximately $0.166, has risen by 49% over the past month, although this remains significantly below its all-time high of over $0.73 from May 2021. According to data from IntoTheBlock, around 86% of Dogecoin holders are in profit, while 11% have incurred losses and 3% have broken even. Most Dogecoin investors have held their assets for over a year, with the increased interest being attributed to Elon Musk's appearances alongside Donald Trump. Musk's advocacy for Dogecoin has historically influenced its price, and this latest surge coincided with a broader market boost. The meme coin currently has a market capitalization exceeding $24 billion, driven by the enthusiasm of its long-term holders.
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