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Following Donald Trump’s 2024 presidential victory, Dogecoin (DOGE) experienced a significant boost, both in price and in the number of millionaire wallets.  According to data retrieved by Finbold Research on November 7 from BitInfoCharts using the Wayback Machine web archive tool, the number of Dogecoin millionaire addresses rose sharply between September 27 and November 7. During this period, wallets holding $1 million or more in DOGE increased by 40.44%, adding 408 new millionaires and bringing the total count to 1,417, up from 1,009 in late September. Picks for you Will this be Trump's first action to appease the crypto community? 16 hours ago Analyst sets Dogecoin roadmap to $4 amid Elon Musk’s support to Trump ...

Over the last year, Dogecoin (DOGE) has experienced an increase in its value of almost 22%. This rise in value contributed to the increase in accounts possessing more than $1 million worth of cryptocurrency despite its inflationary nature. The latest figures contrast with data available retrieved by Finbold from December 2022, when the total number of addresses holding the meme coin was 716. As of December 20, 2023, the number of DOGE addresses possessing over $1 million stood at 718, a marginal of just two addresses just a year earlier. 611 DOGE holders currently maintain a balance of $1 million or more. Interestingly, there are 107 addresses with a balance exceeding $10 million, representing an increase from last year’s figure of 79, according to data from BitInfoCharts.com . Dogecoin distribution as of December 20, 2023. Source: BitInfoCharts The recent value surge in the previous month has done well to bolster the number of DOGE holders whose wallets are worth more than $1 m...