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As of now Dogecoin has a 24hour volume of 58M US dollars. This is not just one person, this is a market consensus on the value of each coin.

• saosebastiao 9y ago
  And what if 90% of that market consensus is really just 10 different high frequency traders battling for top market making position, with the occasional humdrum buying to "diversify"? The market depth says a lot more about a currency's value than the market price or even volume does. It's not something that can be summed up into a tidy single number, though. Which means people don't talk about it when when writing glorified blog posts.
  • sharemywin 9y ago
    https://bitinfocharts.com/top-100-richest-dogecoin-addresses.html https://bitinfocharts.com/top-100-richest-dogecoin-addresses...
    • gruez 9y ago
      how's that useful? a wallet can have multiple addresses, and an address can belong to multiple wallets (on web wallets or exchange accounts).
  • wellboy 9y ago
    This would imply that all cryptos are handled by 10 bots, which isn't the case. Coinbase added 1 million users in June last year, and that's just one exchange, so think if crypto owners approximating 100 million people. They sure also buy cryptos, not only bots.