Wallets holding more than 1,000 Dogecoin (DOGE) rank in the top 10 percent of all Dogecoin addresses, data showed.

Blockchain media outlet Decrypt reported on Tuesday that, as of June 9, addresses holding 1,000 to 10,000 DOGE made up 6.89 percent of all wallets, while those holding 10,000 to 100,000 DOGE accounted for 2.27 percent.

Combined, wallets holding more than 1,000 DOGE represent about 9.63 percent of all addresses. By wallet balance, that means holding more than 1,000 DOGE puts an address in the top 10 percent. The figures were presented based on the latest distribution data shared on X by Dogecoin community member Namtoshi Dogemoto.

The share of small-balance wallets was high. Addresses holding 0.1 to 1 DOGE were the largest group at more than 8.2 million, and those holding 1 to 10 DOGE numbered 1.51 million. The 100 to 1,000 DOGE bracket accounted for about 12.34 percent of all wallets. By contrast, the number of addresses dropped sharply from the segment holding more than 1,000 DOGE.

Supply was concentrated in a small number of large wallets. The top 3 wallets held about 51.69 billion DOGE, or 33.43 percent of total supply. Wallets holding 100 million to 1 billion DOGE together held 23.01 percent of circulating supply. While small wallets are numerous by address count, actual holdings are concentrated among a small number of large holders.

At the current price, 1,000 DOGE is worth about $83.8. The outlet noted that if Dogecoin rises to $0.5, the value of 1,000 DOGE would be $500, and $737.6 based on its all-time high. The figures coincide with some long-term investors continuing to accumulate Dogecoin despite recent weakness.

Market prices extended losses. Dogecoin fell 3.13 percent over the past 24 hours, CoinMarketCap data showed. Losses were 11 percent over the past 7 days, 23 percent over the past month and 29 percent since the start of the year.

Dogecoin's weakness came alongside a broader decline across the cryptocurrency market. In particular, the recent drop unfolded amid a prolonged bearish market and selling pressure centred on bitcoin. As a result, Dogecoin appears to be undergoing a price adjustment while retaining a structure in which small wallets make up the majority but actual supply is concentrated in large wallets.