$DOG Holder Stats [April 25 Update]

Altcoins have experienced a strong contraction

$DOG, the largest meme coin on Bitcoin, was not immune and went down to $140M Mcap

🔸Multi-chain Holder Count
Let's zoom out and check the most important on-chain metric: the holder count

$DOG holders decreased by 3k on Bitcoin L1

$DOG holders remained stable at 3.5k on Solana

Holders trading on centralized exchanges like Gate are notoriously hard to guess. My latest estimates imply around the same numbers like on-chain holders.

🔸Round up
The number of $DOG holders is relatively stable, despite the red candles

Some left the $DOG army, which can happen for various reasons (liquidity demands, overinvested, impatient)

In less liquid markets, even a small number of sellers can have a large impact 

But the core community holds the line and believes in the free & fair movement

Meme coins are levered plays on the underlying L1

It's plausible that $DOG will come back strong once Bitcoin recovers

Despite the market dip, $DOG holders show resilience and belief in the project. The core community's commitment might lead to a strong comeback post Bitcoin recovery.