updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Blockchain analytics firm Chainalysis says more than $75 billion in illicit crypto sits untouched across public blockchains.
According to the firm’s latest report, criminal-linked wallets currently hold nearly $15 billion in digital assets, with another $60 billion in wallets connected indirectly to scams, hacks, or darknet markets.
Criminal wallet balances | Source: Chainalysis
Chainalysis also found darknet administrators alone control over $46 billion in crypto, accounting for the bulk of the shadow economy.
While Bitcoin
BTC
$120 823
24h volatility:
2.5%
Market cap:
$2.41 T
Vol. 24h:
$70.07 B
remains the dominant asset held by illicit actors by value, Ethereum
ETH
$4 323
24h volatility:
4.7%
Market cap:
$521.51 B
Vol. 24h:
$43.19 B
and stablecoin balances have grown rapidly due to their rising adoption and relative price stability.
Chainalysis data shows inflows from illicit sources to centralized crypto exchanges (CEXs) have averaged $14 billion annually since 2020 but are trending downward. In the first half of 2025 alone, about $7 billion in illegal crypto funds hit exchanges, a sharp decline from 2022 levels.
Illicit Fund Flows on Centralized Exchanges | Source: Chainalysis
The report attributes this to criminals increasingly using crypto as a payment method and store of value, avoiding fiat conversion. Direct transfers to exchanges have plummeted from 40% in July 2022 to 15% in 2025, as illicit actors turn to crypto mixers and cross-chain bridges.
Stablecoins, which can be frozen by issuers, are the least concentrated, as criminals diversify holdings to avoid total losses from asset freezes.
Trump issued executive orders to establish the US Strategic Bitcoin Reserve (SBR) and Digital Asset Stockpile (DAS), creating frameworks for the government to confiscate and manage seized crypto funds.
With sovereign nations like El Salvador and Bhutan officially adopting crypto reserves in recent years, Chainalysis argues that coordinated seizures of illicit crypto could strengthen the national treasury.
The firm has already helped global authorities including Spain and the US seize $12.6 billion in illegal funds through forensic investigations.
As Chainalysis investigations aid governments to clamp down on illicit actors, improved market sentiment has seen traders rotate toward early-stage projects like Maxi Doge (MAXI), a meme-driven ecosystem offering traders up to 1000% in leverage.
Maxi Doge Presale
The Maxi Doge presale has raised over $2.7 million of its $3 million target, underscoring strong retail demand ahead of its official launch. Currently priced at $0.00026, early investors can still secure MAXI tokens via the official presale website before the next price tier activates in 48 hours.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
What is the Chainalysis oracle? A free tool that allows anyone to validate “if a cryptocurrency wallet address has been included in a sanctions designation.” Pretty handy, considering all the canceling and restricting going around all over the world. Is this positive for the planet as a whole? It depends on your perspective. Is this positive for the crypto space? Absolutely not.
If the crypto space is not neutral, what are we doing? These cryptocurrencies are supposed to be for everyone. And Chainalysis release the smart contract-based tool for free to cause maximum damage. However, there’s a case to be made for Chainalysis’ stance.
The governments of the world are using finance as a weapon, and they perceive the crypto space as a threat to those measures. Chainalysis is helping individuals and institutions to comply with the law, and they’re doing it free of charge. Regardless of your position on the sanctions, companies have to and should comply with the law.
So, let’s stop with the politics and talk about the tool’s characteristics.
According to the official documentation, the tool will analyze EVM-compatible networks’ wallets. That is, Ethereum, Polygon, BNB Smart Chain, Avalanche, Optimism, Arbitrum, Fantom, and Celo. It will tell you if said wallets have been included in any sanctioned lists.
“The smart contract is maintained by Chainalysis on a variety of popular blockchains and will be regularly updated to reflect the latest sanctions designations listed on economic/trade embargo lists from organizations including the US, EU, or UN.”
So, it’s a simple but powerful tool that will surveil EVM-based wallets. To begin with.
ETH price chart for 03/11/2022 on Eightcap | Source: ETH/USD on TradingView.com
Considering the chaotic state of the world, it’s very important to make clear what relevant concepts mean. In this case, for surveillance firm Chainalysis, “sanctioned” means:
“Sanctioned entities refer to entities listed on economic/trade embargo lists, such as by the US, EU, or UN, with which anyone subject to those jurisdictions is prohibited from dealing. Currently this includes the Specially Designated Nationals (SDN) list of the US Department of the Treasury’s Office of Foreign Assets Control (OFAC).”
So, this is a very Western tool. In the OFAC’s case, for example, sanctions are:
“Based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States.”
So, if the governments of the world weren’t using economic sanctions as a weapon, this tool would be far less controversial.
In conclusion, surveillance firm Chainalysis does it again. What a phenomenal PR move for the crypto world’s snitches. The company continues to be Big Brother’s best friend and releases a controversial tool that a large part of the population will deem positive. For free.
Featured Image by Isaac Chou on Unsplash | Charts by TradingView
Chainalysis recently published a study on criminal enterprises, specifically the so-called criminal whales, that retain vast sums of money in the form of cryptocurrencies.
The study claimed that criminal whales still hold $25 billion in crypto assets despite substantial law enforcement seizures last year.
Cryptocurrency had a solid year in 2021, reaching a value of over $3 trillion in November, while bitcoin, which accounts for around a third of all cryptocurrency, also achieved a high until plummeting by more than 40% last week.
Criminals who stole bitcoin were among the biggest winners from rising prices, as the number of cryptocurrencies linked to illegal operations more than quadrupled since last year.
The Dark Web comes in second, providing $448 million in illegal cryptocurrency. Scams rank third with $192 million, Fraud Shops in fourth with $66 million, and Ransomware is at last row with $30 million.
According to the report, last year saw “a huge increase in criminal balances,” with criminal whales holding around $11 billion in 2021 compared to $3 billion in 2020.
Furthermore, the funds represent the lion’s share of crypto held by unscrupulous entities out of stolen funds, Ransomware, fraud and illegal trading.
Throughout the years, stolen funds have accounted for 93% of all criminal balances, according to latest figures. Criminal whales have obtained more than 10% of their funds through illegal addresses. They account for 3.7% of cryptocurrency whales.
Chainalysis is a popular blockchain surveillance company that publishes blockchain analytics research regularly.
Total crypto market cap at $1.711 trillion in the daily chart | Source: TradingView.com
Related Article | Russia Said SWIFT Ban Could Be Tantamount To A Declaration Of War
Whales are the biggest hodlers, with wallets containing over $1 million in cryptocurrency.
Iranian hackers were the most significant contributors to ransomware activity globally through 2021, according to the 2022 Global Threat Report by the cyber security firm CrowdStrike.
Thefts soared by 516%, accounting for $3.2 billion in illegal transactions, with the DeFi sector becoming a new cause of concern.
“Criminal balances also fluctuated throughout the year, from a low of $6.6 billion in July to a high of $14.8 billion in October,” Chainalysis disclosed.
Hodling is a phrase used in the cryptocurrency industry to describe persons who keep vast amounts of cryptocurrency without selling them in the hopes of making a profit in the future.
Meanwhile, in a memo to investors, FSInsight predicted that Bitcoin would reach $200,000 in the second part of 2022.
According to FSInsight, Ethereum might reach a price of $12,000 this year, representing a 385% premium to where it is now trading.
According to the analysis, cryptocurrencies have become increasingly linked to infotech stocks. Sean Farrell, head of digital asset strategy, said this is due to “legacy market money joining the fold.”
Related Article | Russian Politicians’ Crypto Wallets Targeted By Ukraine – Hefty Reward Up For Grabs
Featured image from Nairametrics, chart from TradingView.com
Is Chainalysis telling the truth? Do they have a super-secret decoding tool that can break Wasabi CoinJoins? The jury is out on that one. This article contains all the evidence available, though. Yesterday, journalist and Unchained Podcast host Laura Shin broke the Internet by allegedly identifying the Ethereum DAO hacker. In the article detailing the case, she claims her team used a “powerful and previously secret forensics tool from crypto tracing firm Chainalysis.”
Wasabi Wallet’s flaws aren’t merely ‘user error’. They look more systematic to me. https://t.co/fYisj079qb
— Stephan Livera (@stephanlivera) February 23, 2022
The thing is, Wasabi CoinJoins have known vulnerabilities in the current version of the wallet. So, it’s easy to think that Chainalysis just exploited those. Why would they lie, though? To make themselves look big. And to scare everyday users from privacy tools. On the other hand, the surveillance firm might have a super-secret forensics tool that breaks Wasabi CoinJoins.
Related Reading | Running With The Big Dogs: Chainalysis To Cover Dogecoin In Its Reports
In “Exclusive: Austrian Programmer And Ex Crypto CEO Likely Stole $11 Billion Of Ether,” Laura Shin doesn’t reveal much about the tool itself. The first time she mentions it, Shin can’t help herself and praises Chainalysis and the advances in “technology for tracking transactions.”
“Last year, as I was working on my book, my sources and I, utilizing (among other things), a powerful and previously secret forensics tool from crypto tracing firm Chainalysis, came to believe we had figured out who did it. Indeed, the story of The DAO and the six-year quest to identify the hacker, shows a lot about just how far the crypto world and the technology for tracking transactions have both come since the first crypto craze.”
The second time, she goes on the offensive and attacks Wasabi Wallet, deems the technology “so-called CoinJoin,” and reveals something extremely interesting:
“Jumping off from the Coinfirm analysis, blockchain analytics company Chainalysis saw the presumed attacker had sent 50 BTC to a Wasabi Wallet, a private desktop Bitcoin wallet that aims to anonymize transactions by mixing several together in a so-called CoinJoin. Using a capability that is being disclosed here for the first time, Chainalysis de-mixed the Wasabi transactions and tracked their output to four exchanges.”
Besides the super-secret decoding tool, she’s saying the alleged hacker mixed the coins and immediately sent them to four exchanges. This was six years ago. Was any of those exchanges centralized? Did any of the exchanges have KYC information from the alleged hacker?
ETH price chart for 02/23/2022 on Poloniex | Source: ETH/USD on TradingView.com
On the one hand, podcast host Stephan Livera went hard on Wasabi. “Wasabi Wallet’s flaws aren’t merely ‘user error’. They look more systematic to me,” he said. Also in this camp, Bitcoin influencer Lili leaked documents and explained the situation. “This is a leaked internal doc from Chainalysis, a report on demixing Wasabi. Wasabi coinjoin features: link-able mixes and address reuse.”
This is a leaked internal doc from Chainalysis, a report on demixing Wasabi. Wasabi coinjoin features: link-able mixes and address reuse.
No mentions of Whirlpool coinjoin, because it actually works
https://t.co/bL0Q6v2kar
— Lili (@Marketsbylili) September 21, 2021
On the other hand, Italian Bitcoin advocate Giacomo Zucco had another target in mind. “A new secret chainanalysis technique reveals that people taking Laura Shin seriously are gullible and clueless,” he claimed.
I do. Probably because of some post-mix mistake of the specific target, possibly not even CJ-related, not because of “new hidden technique able to specifically deanonymize CJ users in general” as the article (full of mistakes in other regards) seems to want the reader to think.
— Giacomo Terrorist Zucco
(@giacomozucco) February 23, 2022
In a posterior tweet, he explained that the exploit was “probably because of some post-mix mistake of the specific target, possibly not even CJ-related, not because of “new hidden technique able to specifically deanonymize CJ users in general” as the article (full of mistakes in other regards) seems to want the reader to think.”
.@chainalysis Do you claim to be able to deanonymize properly coinjoined Wasabi Wallet 1.0 UTXOs?
— Wasabi Wallet (@wasabiwallet) February 22, 2022
To close this off, Tal Be’ery, a security expert, offered great insight. “If true, this is probably not the case anymore, as I don’t believe Chainalysis would burn this capability for PR.” Speaking about PR, Wasabi Wallet point blank asked the surveillance firm, “Do you claim to be able to deanonymize properly coinjoined Wasabi Wallet 1.0 UTXOs?” Sadly for this article, Chainalysis didn’t answer.
Related Reading | Chainalysis New Service: Snitching For The Lightning Network. Can They Deliver?
The bitter rivalry between Wasabi Wallet and Samourai Wallet is already legendary. In a video titled “How Wasabi was “demixed” by Chainalysis,” Samourai destroy its rival by breaking down the case even further:
Luckily, Samourai’s LaurentMT broke it down for us vía Twitter. Apparently, in Wasabi’s CoinJoin system, “when a large amount enters the mixer, it’s “peeled” through several transactions and it’s often possible to follow this peelchain.” With that info, they identify addresses that Wasabi Wallet used twice. “Such random occurrences of addresses reused by the mixer are a known issue of the wallet,” he said.
The specificity of this output is that it’s associated to address [bc1qxp8k4] that was used twice by Wasabi Wallet (i.e. it was used in 2 mixes).
Note: Such random occurrences of addresses reused by the mixer are a known issue of the wallet. https://t.co/Zw62e4Fp4X pic.twitter.com/q9vYPWS19d
— LaurentMT (@LaurentMT) February 22, 2022
After that, they kept unpeeling the onion until they got to a Poloniex account.
To summarize:
– In this case, no error was made by the user. Only mixed outputs were consolidated in small numbers (good practice),
– Chainalysis has exploited a known issue of the mixer,
– No “advanced tool” was needed to find these results.— LaurentMT (@LaurentMT) February 22, 2022
To the untrained eye, it might seem like Samourai’s investigation validates Chainalysis’ mystery tool. Nothing could be further from the truth, LaurentMT’s summary leaves it clear. 1.- The user made “no error.” 2.- Chainalysis “exploited a known issue of the mixer,” and 3.- To obtain the data, Chainalysis didn’t need any mystery tool. Enough said.
Featured Image by milivigerova on Pixabay | Charts by TradingView
Chainalysis, a blockchain crime-fighting firm has expanded its blockchain watchdog operations to educating banks, governments, and other financial institutions in the understanding of core blockchain security measures and safety precautions.
The New York-based blockchain firm was set up to detect cybercrimes on the blockchain and has been doing that for about three years. As one of its core functionalities, Chainalysis tracks down records of blockchain hackings and thefts of all kinds which have to lead to the arrests of over 300 cybercriminals in the United States.
Activities of theft and hackings have grown more within the last year with loss reaching as much as $1 billion dollars in 2018. This has lead to the liquidation of cryptocurrency exchanges and a huge loss for investors. Also, many undocumented blockchain startups have made way with investors’ funds after presenting some eye-catching business propositions and jaw-breaking Returns On Investments (ROI) which often lead to a successful token sale.
While such activities increased over the years, Chainalysis earned itself some reputation by fighting against cybercrimes relating to the use of the blockchain and has also gained some competitors along the line.
Now, from blockchain crime-fighting, Chainalysis has set course for educating banks, government agencies, and other financial institutions on successful blockchain adoption and safety measures. This is in accordance with a wide believe that banks must either adapt to the new blockchain developments which seem to have caught the eyes of many or be left behind.
According to Jonathan Levin, co-founder of Chainalysis,
“We’re now helping banks understand how they can build programs to allow cryptocurrency businesses to access banking services, but also make sure there’s no illicit activity going on, ”
As Chainalysis grow in activities and revenue, the company had made around $8 million dollars by the end of 2018. With $53 million dollars venturing funds from the likes of Accel and Benchmark, the cybercrime firm was featured in Forbe’s Next Billion-Dollar Startups list. This new milestone placed chainalysis as the first block chain startup to be so recognized.
Chainalysis is now vacillating between blockchain crime-fighting and regulatory compliance. The firm is set to make sure that cryptocurrency startups well comply with regulations and total documentation. This practices, according to Levin would help governments regulate cryptocurrencies, and also protect investor’s interests.
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Chainalysis has announced that it plans to add bitcoin to its balance sheet. The news came as a surprise to crypto investors as it is usually expected that a firm so deeply ingrained in the blockchain technology ecosystem would own some crypto. According to the blog post on its website, the firm had previously not owned any cryptocurrencies and this will be the first time Chainalysis is purchasing BTC.
Bitcoin has been purchased as an investment strategy by companies who are in and out of the blockchain space. The digital asset presents an alternative means of investment for people who want to have total control of their assets. With its recent purchase, Chainalysis joins the ranks of companies who are holding BTC for the long term, according to statements on the post.
Chainalysis revealed in the post that it was buying bitcoin to put on its balance sheet. The company which is valued at $4.2 billion will put the purchased BTC in its corporate investment portfolio and intends to hold for the long term.
Related Reading | Number Of Bitcoin Whales On The Rise As BTC Chases New All-Time High
The company provides valuable software analysis software that helps exchanges comply with regulations. Its software is also used to assess risk and identify illegal activities that are being carried out on the blockchain, helping law enforcement to track the perpetrators.
Co-founder and CEO of Chainalysis, Michael Gronager, said, “Chainalysis is laser-focused on its commitment to building trust in cryptocurrency as a digital asset and we are thrilled to be adding bitcoin on our corporate investment portfolio.” Speaking on this being the first cryptocurrency purchase on the part of the firm, Gronager added, “This is Chainalysis’ first acquisition of cryptocurrency, and we will continue to pursue other digital assets as potential future investments.”
BTC surges past $64K | Source: BTCUSD on TradingView.com
In order to purchase and custody the bitcoins, Chainalysis had expanded its partnership with bitcoin technology and financial services firm NYDIG. Both firms have been working together since they announced that Chainalysis would be NYDIG’s compliance technology partner in 2018. The BTC was purchased through the financial services firm and NYDIG will custody the digital assets on behalf of Chainalysis.
Related Reading | Strike Launches New Feature To Allow Users Convert Salaries To Bitcoin
“Our expanding partnership with Chainalysis is a mutually beneficial relationship. Chainalysis has long been building trust in the digital asset ecosystem, and this investment shows their belief that bitcoin is a sound investment for the future. We are happy that they trusted our platform to safeguard their assets.” – Nate Conrad, Head of Asset Management, NYDIG
The acquisition highlights Chainalysis’ long-standing faith in BTC as a long-term investment strategy. Bitcoin has been a profitable investment venture for companies that have invested in the digital asset in the past and Chainalysis stands to profit from the asset’s growth in the future.
Featured image from Bitcoin News, chart from TradingView.com
Chainalysis, the crypto data analytic firm released a preview of its 2021 Geography of Cryptocurrency report which is scheduled to release later this year. The preview blog focused on the use of cryptocurrencies for illicit activities and which countries and regions see the most of it. Africa topped the list of regions that see the highest exposure to illicit addresses followed by Eastern Europe.
Eastern Europe has a much larger crypto-economy when compared to Latin America and Africa. The report highlighted that Eastern Europe is the only region where for $400 million in crypto transactions 0.5% of the total transactions were believed to be towards illicit addresses.
Western Europe tops the list in terms of crypto-assets sent to illicit addresses followed by Eastern Europe and North America. The following graph also highlights that the Western European regions fall most prey to scams as the highest percentage of funds sent out to illicit addresses comprises of scams followed by darknet addresses.
The graph also highlighted that Eastern Europe saw the highest share of funds sent to darknet addresses which could be because of the popularity of Hydra, the biggest darknet marketplace active in Eastern Europe and Russia.
Ukraine topped the list of countries in terms of web traffic share on cryptocurrency scam web addresses, indicating more people from the country visited scam websites than anyone else.
Chainalysis has proven to be one of the top cryptocurrency analytic firms over the years as demand for blockchain analytics has skyrocketed over the past few years. The crypto analytic firm has seen huge demand from enterprises and law enforcing agencies alike and has raised two multi-million rounds to see its valuation grown into billions, making it a member of the fastly growing crypto unicorn club.
Although the analysis indicates the growth in illicit activities around the globe, it is also important to note that the biggest percentage share of illicit activity is 0.5% of the total value. This suggests like any other sector crypto ecosystem is prone to illicit activities, but it is very low.
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
New York-based blockchain data analytics platform Chainalysis revealed on Wednesday that global cryptocurrency adoption has skyrocketed worldwide. Residents from more and more countries are diving deeper into the crypto space and integration digital assets usage in their day-to-day life.
The Chainalysis Global Crypto Adoption Index appears as an effort to measure cryptocurrency adoption from the grassroots. Per the company, the adoption of digital assets has surged over 880% in the past year and peer-to-peer (P2P) platforms in emerging economies are speculated to be the propelling force.
Cryptocurrency adoption has massively surged over the past few years. Several emerging economies have come forth and adopted digital assets in some way or other, which reflects that cryptocurrency has gradually become a global phenomenon.
The Chainalysis report highlights that global adoption has risen by 2300% since Q3 2019 and over 881% in the last year. At the end of the second quarter in 2020, the adoption stood at 2.5% and surged to 24% by the end of Q2 2021. The major reasons for this adoption surge are — people starting to treat crypto as a store of value. They send, receive and carry out business transactions via digital assets. Besides this, the crypto adoption in regions like Eastern Asia, North America, and Western Europe are being largely powered by institutional investments.
Recently, Messari released data revealing that Asia accounts for nearly half of all digital asset trading including 90% of all volume above $10,000. The trading activity in Asia is equivalent to Europe and the United States combined, with Asian companies being mainly fond of derivatives – accounting for 94% of BTC and 98% of ETH futures volumes.
Chainalysis has also ranked emerging economies including Kenya, Nigeria, and Venezuela high on its index as they retain enormous transaction volumes on P2P platforms. As posted by the company, many residents in these regions don’t have access to centralized exchanges and thus, they use P2P crypto exchanges as their primary on-ramp into cryptocurrency.
Interestingly, last year, China ranked fourth while the U.S. ranked sixth. This year, the U.S. ranks 8th while China ranks 13th on the global adoption index. The biggest reason for the dip in ranking for both countries is speculated to be their government’s efforts to clamp down and regulate the entire crypto space.
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Blockchain data platform Chainalysis says that the popularity of Dogecoin (DOGE) among new investors is surging and hitting levels not seen in nearly four years.
Chainalysis says in a new report that new investors are adopting the meme coin in a manner reminiscent of the crypto bull market in late 2017.
“Of course, demand and price for DOGE is largely driven by social media. But we can judge the strength of the response to this from actual activity on the blockchain. The response we see is that DOGE is currently being adopted by new investors at a level not seen since the late-2017 bull market.”
Chainlysis reveals that new investors who bought Dogecoin in the past six months now hold a quarter of the meme coin’s supply from just 9% in July of 2020.
“New investors returned again in July 2020 on the back of the TikTok trend, increasing their holdings from 9% to 17% of supply by October 2020. New investors acquired even more from January 2021, as Elon Musk and Reddit raised the profile and the price of DOGE. Investors acquiring DOGE in the last six months now hold 25% of the supply, while investors who have held for more than two years decreased their share of supply from 30% in July 2020 to 20% today.”
Although Chainalysis is seeing a rise in the adoption of Dogecoin among new investors, the blockchain data platform says that a significant percentage of DOGE’s supply remains in the hands of a few large holders.
“However, while new investors are large in numbers, likely 1 to 2 million on-chain, DOGE ownership is highly concentrated in a very small number of entities that are either retail exchanges or early investors.”
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