Top 15 Dogecoin Addresses: Who are the Top Holders of DOGE?

The top 15 Dogecoin addresses account for nearly 50% of the token supply. "Who are the top holders of Dogecoin ?" That's one of the most asked questions around the leading doggy-themed memecoin. The question is made more critical by BitInfoCharts data suggesting that almost 50% of the memecoin supply is controlled by just 15 addresses. Does this data tell the whole story? We take a look at who controls these wallets using blockchain data. Robinhood (DEgDVFa2DoW1533dxeDVdTxQFhMzs1pMke): This address holds the most Dogecoin of any wallet. Specifically, it has almost 29 billion DOGE worth nearly $6 billion or over 19% of the circulating supply.  Per Arkham data, this is the cold wallet of the popular U.S. trading platform Robinhood. This implies that the wallet is primarily used to store assets on behalf of customers instead of actively trading, which is why it has unsurprisingly received over 36 billion DOGE since May 2023 and sent out only about 7 billion DOGE. Upbit (D8ZEVbgf4yPs3MK8dMJJ7PpSyBKsbd66TX): This address boasts the second-largest DOGE holdings, with 8.9 billion DOGE worth $1.8 billion. According to Arkham Intelligence data, this is the cold wallet of the leading Korean exchange, Upbit. It is unsurprising that Upbit holds a lot of Dogecoin, as the Korean crypto trading scene is widely regarded as retail-dominated and highly speculative. Binance (DE5opaXjFgDhFBqL6tBDxTAQ56zkX6EToX): No surprise, in third place is a Binance cold wallet. This wallet holds nearly 8 billion DOGE worth about $1.6 billion. For the uninitiated, Binance is the world's largest crypto exchange by volume. Crypsty (DDTtqnuZ5kfRT5qh2c7sNtqrJmV3iXYdGG): This wallet belongs to the defunct crypto exchange Cryptsy. It boasts the fourth-largest holdings of any Dogecoin wallet, with 5 billion DOGE worth over $1 billion. The fate of these holdings is unclear, as Cryptsy entered receivership in 2016 amid claims of fraud and mismanagement. Binance (DU8gPC5mh4KxWJARQRxoESFark2jAguBr5): The fifth largest is another Binance cold wallet. This holds nearly 4.8 billion DOGE worth over $980 million. OKX (ADNbM5fBujCRBW1vqezNeAWmnsLp19ki3n): The sixth largest DOGE wallet is an OKX hot wallet, according to Arkham data. This means the exchange uses this to satisfy regular trading liquidity needs on the exchange. It holds 4 billion DOGE worth over $831 million. Binance (DGmzv39riELTuigZCUD6sWoHEHPdSbxdUB): The seventh largest DOGE address is another Binance cold wallet. It holds over 2 billion DOGE worth about $430 million. Dogeparty Burn Wallet (DDogepartyxxxxxxxxxxxxxxxxxxw1dfzr): This address holds nearly 1.9 billion DOGE worth over $376 million and is the eighth largest holder of the asset. It is the burn address of the once-popular Dogecoin project Dogeparty. The DOGE it holds has been permanently removed from circulation due to its function as a burn address. The rest of the top 15 address holders are as follows: Robinhood (DDuXGMFNGpGjaAqyDunSMvceMBruc1wwKF): 1.5 billion DOGE worth over $307 million. Bybit (D94tDRhr4X9Tjgr8MG1Nrd5ARpesPAM7ZB): 1.1 billion DOGE worth over $224 million. Kraken (DBdiAmrND25pM7DW7awqiL696yx9x9q4dD): Over 1 billion DOGE worth over $215 million. Gate.io (DAAhXpPfziaCcGweJMWE4RSucLcee7NcqL): Over 1 billion DOGE worth over $210 million. Unknown (D9a1Ah7mUNAJwNqHPER4DN9zNLoqcYFDZW: 1 billion DOGE worth nearly $203 million. Unknown (DM9mYjhphV4cvBE9yMdNU9fQC4KLuK5M33): 1 billion DOGE worth about $203 million. Poloniex (D8WhgsmFUkf4imvsrwYjdhXL45LPz3bS1S): 1 billion DOGE worth nearly $203 million.