As the 2022 cryptocurrency market carnage continues to play out, most investors in meme coin Dogecoin (DOGE) are still making money. Notably, DOGE’s popularity and gains have slumped significantly, with the token unable to replicate the gains of 2021. 

In particular, as of December 27, about 54% of DOGE holders were in profit based on the token’s price at the time of publishing. Another 43% of the current Dogecoin holders are in loss, while 3% have broken even, according to IntoTheBlock data.