Dogecoin whales hold steady as memecoin market sees gains.

Analytics firm IntoTheBlock reports that long-term Dogecoin (DOGE) holders now control 44.8 billion DOGE worth over $3.76 billion, the highest level since October 2021. The number of DOGE hodlers has also reached a new all-time high of 3.18 million addresses, representing 74.66% of all Dogecoin wallets. The rise in long-term DOGE holders comes as the memecoin rallies from a weekly low of $0.071 to a high of $0.085, with 61% of DOGE holders in profit and 34% in the red.