Who Owns the Most Dogecoin in 2025?
27 Mar, 2025
5 minutes
Who Holds the Most Dogecoin in 2025?
Dogecoin (DOGE) has come a long way from being a joke money in the beginning to being one of the most traded and most sought-after digital currencies. Even though it is widely popular and mass-backed by its user base and constant interventions by celebrity personalities like Elon Musk, Dogecoin remains one of the investors' most favorite options. So, who holds the most Dogecoin? The distribution of DOGE can tell us much about market direction, price movements, and liquidity risks. In this article, we'll explore who owns the most Dogecoin, the biggest Dogecoin holders, analyze the distribution of top Dogecoin wallets, Dogecoin distribution, how many people own dogecoin and examine the top 10 wallets that control a significant portion of the supply in 2025.
Top 10 Dogecoin Wallet Holders in 2025
Here are the top 10 largest Dogecoin wallets as of 2025 based on on-chain data.
| Owner | DOGE Amount | % Of Circ. Supply | Dollar value | Blockchain Address |
|---|---|---|---|---|
| Robinhood #1 | 28.9 billion | 19.45% | $5.6 billion | DEgDVFa2DoW1533dxeDVdTxQFhMzs1pMke |
| Unidentified owner #1 | 8.90 billion | 6.00% | $1.7 billion | D8ZEVbgf4yPs3MK8dMJJ7PpSyBKsbd66TX |
| Binance #1 | 7.65 billion | 5.16% | $1.5 billion | DE5opaXjFgDhFBqL6tBDxTAQ56zkX6EToX |
| Cryptsy | 5.03 billion | 3.39% | $971 million | DDTtqnuZ5kfRT5qh2c7sNtqrJmV3iXYdGG |
| Unidentified owner #2 | 4.78 billion | 3.22% | $922 million | DU8gPC5mh4KxWJARQRxoESFark2jAguBr5 |
| Unidentified owner #3 | 4.05 billion | 2.73% | $783 million | ADNbM5fBujCRBW1vqezNeAWmnsLp19ki3n |
| Binance #2 | 2.12 billion | 1.43% | $409 million | DGmzv39riELTuigZCUD6sWoHEHPdSbxdUB |
| Dogeparty burn | 1.85 billion | 1.25% | $358 million | DDogepartyxxxxxxxxxxxxxxxxxxw1dfzr |
| Robinhood #2 | 1.52 billion | 1.02% | $293 million | DDuXGMFNGpGjaAqyDunSMvceMBruc1wwKF |
| Bybit | 1.11 billion | 0.75% | $214 million | D94tDRhr4X9Tjgr8MG1Nrd5ARpesPAM7ZB |
Last Thoughts on Dogecoin Ownership
Dogecoin remains one of the most owner-dense cryptocurrencies in the world with relatively few wallets holding an incredible supply. Regardless of how much retail traders buy and sell DOGE, whales and exchanges are still in charge of the market.
Who Owns the Most Dogecoin?
Let's start by answering how many people own Dogecoin from the top holders. Dogecoin ownership structure has been uneasy in the cryptocurrency arena for a while. Unlike Bitcoin and Ethereum with more diluted ownership, Dogecoin ownership remains in comparatively few large wallets. DOGE price can thus be materially dominated by a few institutions or individuals.
The top Dogecoin wallets through 2025 are held by a mix of:
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Crypto exchanges with DOGE in users' names
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Whale investors who have built enormous amounts of money over time
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Anonymous entities or individuals with enormous reserves
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Elon Musk-driven hype, whose pockets allegedly have connections to Tesla or SpaceX stock
How Many Individuals Hold Dogecoin?
Now let's find out how many people own Dogecoin. It's hard to make a wild estimate at the number of Dogecoin holders because lots of investors hold their DOGE on exchanges rather than in their own wallets. But blockchain data provides us with an estimate:
Total Dogecoin wallets: Over 6 million individual wallets hold DOGE.
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Active wallets: Around 1.2 million wallets send and receive Dogecoin per month.
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Wallets with over 10,000 DOGE: Around 500,000 wallets hold over 10,000 DOGE.
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Wallets with over 1 million DOGE: Around 25,000 wallets hold over 1 million DOGE.
Whether it is a meme token or not, Dogecoin is one of the highest-held cryptos, with millions of holders engaged in its community.
Exploring the Dogecoin Holders List
Dogecoin distribution is biased toward centralization with the large number of wallets holding most of the supply. This can affect the market in numerous ways, such as volatile price swings when large holders need to sell or move their DOGE hoard.
Dogecoin Distribution Summary:
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Top 10 wallets hold around 40% of total DOGE supply.
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Top 100 wallets hold over 60% of all Dogecoin in circulation.
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The Top 1,000 wallets control over 75% of the total supply of DOGE.
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Small retail investors (accounts with less than 1,000 DOGE) control almost none of the supply.
The figures indicate that a limited number of wallets have a disproportionate influence on the price of Dogecoin and are susceptible to market manipulation or extensive sell-offs.
Where Do Exchanges Fit In?
Major crypto exchanges like Binance, Robinhood, and Kraken hold significant balances of DOGE in their possession on behalf of users. Such holdings might create the illusion of less Dogecoin owners existing than do.
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Robinhood is also among the biggest previous holders of Dogecoin with millions of individual investor accounts.
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Binance and Kraken are also two of the biggest wallets, holding DOGE reserves for trading and liquidity purposes.
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Cold wallets of institutional investors or custodians also hold large amounts of DOGE.