Recent on-chain data reveals a concerning trend for Dogecoin (DOGE) holders as nearly 50% of the total supply has fallen into unrealized loss. This development comes amid broader market turbulence that’s creating divergent patterns across major cryptocurrencies.
Key Supply in Profit Metrics Reveal Market Stress
According to fresh data from Glassnode, Dogecoin’s Supply in Profit metric has declined to just 50.8%, marking a dramatic 32.3% drop since January 2025. This significant shift suggests mounting pressure on DOGE holders, particularly as the asset tests critical support levels.
Major Cryptocurrencies Show Divergent Patterns
The analysis reveals striking contrasts among top cryptocurrencies:
- Bitcoin (BTC): Maintains relative strength with 76.8% supply in profit
- Ethereum (ETH): Struggling at 44.9% supply in profit
- Solana (SOL): Most affected with only 31.6% supply in profit
- XRP: Leading the pack with over 80% supply in profit
Market Implications and Future Outlook
Historical data suggests that high Supply in Loss figures often precede market bottoms, as profit-taking pressure diminishes. This could position assets like Dogecoin, Ethereum, and Solana for potential recovery, though market conditions remain uncertain.
FAQ Section
What does Supply in Profit indicate?
Supply in Profit measures the percentage of circulating tokens currently worth more than their last transaction price.
Why is Dogecoin’s metric significant?
The 50% threshold often represents a psychological turning point that can influence holder behavior and future price action.
How does this compare to previous market cycles?
Historical data shows that similar supply distributions have preceded significant price movements, though past performance doesn’t guarantee future results.
Current DOGE price stands at $0.154, showing an 11% increase in the last 24 hours, suggesting potential short-term recovery despite the concerning supply metrics.