Dogecoin Supply In Profit
Only 40 % of Dogecoin's are bought at the price less than 15 cents. Keep in mind that one address holds 23% of all dogecoin and it is active(sent 200m DOGE one week ago).
![](https://production-sanbase-images.s3.amazonaws.com/uploads/2ac66c607936633e490140c59b103c9be9e00519fd9dd3754a6bab56e5c1d81b_1642780554584_dogecoin_percent_in_profit.png)
The last time the overall profits of Doge hodlers was that low was during COVID crash in March 2020, when only 29% of doge hodlers were in profit.
If we exclude the data before March 2017, there were only two times in Doge history supply in profit was that low.
![](https://production-sanbase-images.s3.amazonaws.com/uploads/18aa360bf90c130ba97cd413fdd8f7b78ec59d902ab2af0cd41bf51dcace308b_1642781333369_doge_holders.png)
Addresses with balances more than 100,000 and less than 1,000,000 Dogecoins were selling early, more precisely on the first pump to 6 cents. Their balance fell from 9,1% to 7,33% of all coins in circulation. Similarly, the group of addresses holding 1m-10m did the same.
On the other hand, addresses holding more than 10m coins went from 74% to 78% during the pump and are at a similar level today. I assume that there are multiple exchange addresses contained in this group and that was and still is the final destination for quite some Dogecoins.
![](https://production-sanbase-images.s3.amazonaws.com/uploads/739f96520986c6424e009c4df3a33739750d165554b90d4ad9a530cb9bedd4d4_1642781698325_doge_whales.png)
Doge on-chain metrics will soon be available on Sanbase.
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