In a twist that would make even Death’s skeletal jaw drop (if he had one), nearly half of all Dogecoin holders are now experiencing what financial experts call “acute wallet sadness.” 🐕💔
The wonderful wizards at Glassnode, who apparently spend their days counting virtual coins like particularly obsessive dragons, have revealed some rather interesting numbers about cryptocurrency profitability. And by interesting, we mean “potentially terrifying” for some investors.
The concept is simple enough for even Cut-Me-Own-Throat Dibbler to understand: they check if coins are worth more or less than when they were last moved. It’s like tracking whether the meat in Dibbler’s sausages has appreciated in value, except considerably less likely to cause food poisoning.
Think of it as a game of musical chairs, except the music is market volatility, and instead of chairs, you’re trying to grab profits. Some players (looking at you, XRP and Tron holders 👀) are still comfortably seated with 80% of their supply in profit, smugly watching others scramble.
Meanwhile, Dogecoin holders find themselves in what we might call a “Binance and a Hard Place,” with barely 50% of their supply still profitable. It’s like watching the Ankh-Morpork dollar during a particularly vigorous economic discussion at the Patrician’s palace. 📉
Ethereum and Solana investors are having an even worse time, probably wishing they had invested in something more stable – like Ankh-Morpork real estate during a dragon invasion. Their profits have melted faster than an ice cream cone in Klatch. 🌡️
But here’s the twist that would make even the Bursar giggle: being in loss might actually be… good? Yes, you read that right. When fewer people are in profit, there are fewer profit-takers to spoil the party. It’s like economic homeopathy – the more diluted your profits are, the more powerful the potential recovery. 🤔
The current state of Dogecoin:
At $0.154, Dogecoin is up 11% in 24 hours, proving that in crypto, as in Ankh-Morpork, even a dead cat can bounce if dropped from a sufficient height. 🐱
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2025-04-09 11:43