Is Dogecoin setting up for a surprise? While price action looks bleak, key on-chain metrics are flashing signals not seen since past accumulation phases.
Here's what the data shows:
• Holders Are HODLing: Santiment data indicates DOGE's Mean Coin Age has been rising for two months, and Age Consumed has stayed low since mid-November. This suggests long-term holders are retaining coins and older wallets aren't selling.
• Speculators Have Exited: The cohort of holders aged 1-week to 1-month (typically speculative traders) has drastically reduced its share of supply from 7.73% to 2.76% in recent weeks. This exodus of weak hands often reduces panic selling pressure.
• Social Dominance Remains: DOGE continues to lead social media engagement alongside BTC and ETH, showing its community engine is still very much alive.
The Takeaway: These patterns of accumulation amidst fear have historically preceded significant rallies. While not a guarantee, it suggests smart money may be quietly building positions while retail sentiment is low.
What's your read: Accumulation before a move, or just a dead cat bounce?
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