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

Polygon: Bulls defend $0.10 demand zone – Can POL rally 15%?

Polygon: Bulls defend $0.10 demand zone – Can POL rally 15%?

The $0.13 local supply zone and the short-term Bitcoin bearish momentum threaten POL bulls' potential this week.
Share
Coinstats2026/02/04 09:00
Headwind Helps Best Wallet Token

Headwind Helps Best Wallet Token

The post Headwind Helps Best Wallet Token appeared on BitcoinEthereumNews.com. Google has announced the launch of a new open-source protocol called Agent Payments Protocol (AP2) in partnership with Coinbase, the Ethereum Foundation, and 60 other organizations. This allows AI agents to make payments on behalf of users using various methods such as real-time bank transfers, credit and debit cards, and, most importantly, stablecoins. Let’s explore in detail what this could mean for the broader cryptocurrency markets, and also highlight a presale crypto (Best Wallet Token) that could explode as a result of this development. Google’s Push for Stablecoins Agent Payments Protocol (AP2) uses digital contracts known as ‘Intent Mandates’ and ‘Verifiable Credentials’ to ensure that AI agents undertake only those payments authorized by the user. Mandates, by the way, are cryptographically signed, tamper-proof digital contracts that act as verifiable proof of a user’s instruction. For example, let’s say you instruct an AI agent to never spend more than $200 in a single transaction. This instruction is written into an Intent Mandate, which serves as a digital contract. Now, whenever the AI agent tries to make a payment, it must present this mandate as proof of authorization, which will then be verified via the AP2 protocol. Alongside this, Google has also launched the A2A x402 extension to accelerate support for the Web3 ecosystem. This production-ready solution enables agent-based crypto payments and will help reshape the growth of cryptocurrency integration within the AP2 protocol. Google’s inclusion of stablecoins in AP2 is a massive vote of confidence in dollar-pegged cryptocurrencies and a huge step toward making them a mainstream payment option. This widens stablecoin usage beyond trading and speculation, positioning them at the center of the consumption economy. The recent enactment of the GENIUS Act in the U.S. gives stablecoins more structure and legal support. Imagine paying for things like data crawls, per-task…
Share
BitcoinEthereumNews2025/09/18 01:27
Vertical Aerospace Wins Proof-Of-Concept Grant To Advance Emergency Medical Services Capabilities For Singapore

Vertical Aerospace Wins Proof-Of-Concept Grant To Advance Emergency Medical Services Capabilities For Singapore

Grant will support real-world EMS mission development for Valo in Singapore Collaboration with Hatch – Singapore’s HTX innovation centre, to trial and validate
Share
AI Journal2026/02/04 09:15