The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120BTC.coM): Tesla CEO Elon Musk (Elon)
With the support of Musk, Dogecoin (DOGE) has exploded in popularity in recent years and has become a hot target of speculation. According to data tracked by on-chain analysis company IntoTheBlock, the number of addresses holding Dogecoin has now exceeded the 5 million mark, setting a record high.

At the same time, the number of active addresses of Dogecoin has more than doubled to 166,000, hitting the highest level since March last year; and the number of confirmed transactions on the Dogecoin blockchain has also surged to 166,000 since June. At its highest level, it has increased by 1,000% in the past 10 days alone.

While these numbers are impressive, Dogecoin ownership is still concentrated in the hands of a few.

According to data from BitInfoCharts, more than 80% of Dogecoin in circulation is currently controlled by the top 5,000 addresses, which is equivalent to 1% of addresses holding 80% of Dogecoin, which means that the currency price may be more susceptible to the influence of giant whales. manipulate.

As of press time, the trading price of Dogecoin was around US$0.077231. The currency price has increased by 12% in the past month, driving the market value to expand to US$10.9 billion.

As a "Meme coin", Dogecoin has experienced an incredible journey from its initial birth as a joke to its counterattack to become one of the top ten cryptocurrencies. However, many investors have begun to lament that Dogecoin Dogecoin lacks practicality. Based on this, cryptocurrency industry players have continued to expand the application scenarios of Dogecoin in recent years. Due to its low transaction fees, it is very suitable for small payments.

Musk was an important promoter of this. First, SpaceX accepted Dogecoin as payment for the "DOGE-1" satellite launch mission, and then opened the use of Dogecoin (DOGE) to purchase some Tesla products. Soon Later, he announced that his "Casino Tunnel" would accept Dogecoin for payment. He once said, "As long as I have the opportunity, I will try my best to support DOGE."

However, none of these efforts appear to be helping support Dogecoin’s price due to headwinds in the general economic environment. The price of Dogecoin is currently down more than 89% since hitting an all-time high in mid-2021.