Most holders of the meme-inspired cryptocurrency Dogecoin ($DOGE) remain in a state of profit, despite an over-year-long bear market in the cryptocurrency space that saw the value of most digital assets plunge.

According to data from on-chain data firm IntoTheBlock, 57% of addresses holding Dogecoin are in-the-money, meaning they bought their DOGE tokens below current market prices, while 41% of holders are out-of-the-money, or bought their DOGE above current market prices.

Also read: Does Dogecoin Have a Cap or Supply Limit?

The meme-inspired cryptocurrency lost over 50% of its value over the past 12 months amid a wider cryptocurrency bear market. It has been recovering over the last few months, as over the past 6 months the cryptocurrency moved up over 10%.

As CryptoGlobe reported, late last year the largest whale on the cryptocurrency’s network moved over $280 million in the cryptocurrency to a new address, that has since become the 5th largest one on the network.

Dogecoin’s largest address, known for at one point holding 28% of the meme-inspired cryptocurrency’s circulating supply, has been tagged on explorers as belonging to the commission-free trading platform Robinhood (NASDAQ: HOOD). If the whale is indeed Robinhood, then the address is simply their cold storage wallet, where user funds are kept.