📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Research reveals that the holding of DOGE is highly concentrated, with 62% of the supply held by the top 50 Address.
Recently, a crypto assets rating agency published a research report that validated previous views on the over-concentration of DOGE. The agency compared DOGE with other mainstream crypto assets and found that DOGE is indeed one of the most concentrated tokens.
Data shows that over 28% of the circulating DOGE is concentrated in a single address, amounting to approximately 36.8 billion coins, valued at about 2.1 billion dollars at current market prices. More notably, nearly 50% of the DOGE supply is held by the top 20 holders.
The study also compared the concentration of other major crypto assets. Below is the percentage of circulating supply held by the top 50 addresses of each token:
The phenomenon of large holders possessing more than half of the DOGE supply has raised concerns in the market. This not only increases the risk of a 51% attack but may also lead to significant fluctuations in the Token price. Although these large holders may not currently have the motivation to sell, their ability to do so is enough to deter some potential investors.
This highly centralized holding structure may impact the long-term development prospects of DOGE. It not only relates to network security but also involves the health of the market and the stability of token value. To promote the sustainable development of the DOGE ecosystem, measures may need to be taken to reduce the concentration of holdings and increase decentralization and participation.