Binance Reveals Its Dogecoin Holdings

Binance Unveils Dogecoin Holdings: Implications for the Crypto Market In a recent disclosure, Binance, renowned as the world’s leading cryptocurrency exchange in terms of trading volume, has publicized its possession of dogecoin along with other crypto assets. Richard Teng, the newly appointed CEO of Binance, took to Twitter to reveal that the company currently holds 12,326,319,767 dogecoin as of November 22, 2023. This quantity translates to approximately $983 million based on the prevailing price of $0.0798 per dogecoin.

As per the latest data from CoinMarketCap, the total supply of dogecoin stands at 141,916,956,383.705 DOGE. Binance’s revealed holdings account for roughly 8.7% of the entire dogecoin supply, establishing the exchange as a significant player among the notable holders of this meme-inspired cryptocurrency.

(22. November 2023)