The cryptocurrency market is a complex and ever - changing landscape, and recent on - chain data has shed light on some interesting developments, especially when it comes to Dogecoin's supply situation.
📊 On - Chain Analysis of Cryptocurrency Profitability
The “Supply in Profit” Indicator
On - chain analytics company Glassnode recently provided an update on the “Supply in Profit” for leading cryptocurrencies on X. This indicator is crucial as it shows the proportion of an asset's circulating supply that has a net unrealized profit. To calculate this, the indicator looks at the transaction history of each coin in circulation to find its latest transfer price. If the prior selling price of a token is less than its current spot price, it is considered to have gained. All such coins are then added up, and their fraction of the total supply is calculated. The opposite, “Supply in Loss,” can be calculated by subtracting the “Supply in Profit” from 100%, since the entire supply is 100%. It's like a financial x - ray, peering into the profitability of different cryptocurrencies. 🔍
Market Slump Impact on Profitability
Glassnode also provided a graphic showing the 7 - day simple moving average (SMA) of “Supply in Profit” for eight cryptocurrencies over the past several months. The market slump in 2025 has had a significant impact on all of these assets. Profitability has decreased, though not evenly. Some assets have seen only a minor dip, while others have experienced more substantial drops. It's like a seesaw, with some cryptocurrencies holding steady while others are on a downward slide. 🎢
🐕 Dogecoin's Supply Woes
Substantial Loss in Dogecoin Supply
Dogecoin has been hit hard. Since January, when all the coins were in a relatively close band, Dogecoin (DOGE) has lost 32.3% of its supply in terms of profitability. Currently, its “Supply in Profit” stands at 50.8%. This means that nearly half of Dogecoin's supply is in a state of loss. It's as if a large portion of Dogecoin holders are sitting on investments that are not performing well. 😔
Comparison with Other Coins
When compared to other major coins, Dogecoin's situation is quite different. Ethereum (ETH) and Solana (SOL) have actually fared worse. Ethereum dropped 39.9 units to 44.9% in terms of “Supply in Profit,” and Solana dropped 46.8 units to 31.6%. These significant drops have put investors in these assets, especially SOL investors, in a state of turmoil. On the brighter side, XRP (XRP) and Tron (TRX) have over 80% of their supply in the green. Bitcoin (BTC) and Toncoin (TON) are also doing relatively well, with 76.8% and 76.7% of their supply above water, respectively. It's like a diverse ecosystem, with some coins thriving while others, like Dogecoin, are struggling. 🌳
Disclaimer: The cryptocurrency market is highly volatile and speculative. The information provided in this article about the “Supply in Profit” of different cryptocurrencies, including Dogecoin, and the analysis of market trends is for general informational purposes only. There are no guarantees regarding the future profitability of these cryptocurrencies, the stability of the cryptocurrency market, or the accuracy of on - chain analytics. The market is influenced by a wide range of factors, including regulatory changes, technological developments, and market sentiment. Before making any investment decisions related to cryptocurrencies, you should conduct thorough research, consider your own financial situation and risk tolerance, and consult a qualified financial advisor. Cryptocurrency investments carry significant risks, including the potential loss of your entire investment.
#Dogecoin的🐕💸支持，因为他相信狗狗币是人民的货币🙏 #BTCvsMarkets #TrumpTariffs #Binance #CryptoTariffDrops #DiversifyYourAssets \(DOGE \)BTC $ETH
