Dogecoin Supply In Profit Hits 77.9%, But XRP, BTC Far Ahead
The post Dogecoin Supply In Profit Hits 77.9%, But XRP, BTC Far Ahead appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On-chain data shows around 77.9% of all Dogecoin supply is in profit right now. Here’s how it stacks up against the likes of Bitcoin and XRP. Dogecoin Compared Against The Rest In Total Supply In Profit In a new post on X, the on-chain analytics firm Santiment has shared how some of the top coins in the cryptocurrency sector, like Bitcoin and Dogecoin, currently compare against each other in terms of the Percent of Total Supply in Profit indicator. The “Percent of Total Supply in Profit” tells us, as its name already suggests, the percentage of a digital asset’s total supply in circulation that’s being held at some unrealized gain. This indicator works by going through the on-chain history of each token on the network to see what price it was last moved at. If the previous transaction price is less than the current spot value for any coin, then that particular coin is assumed to be holding a profit right now. The Percent of Total Supply in Profit counts up all tokens satisfying this condition and determines what part of the total supply they make up for. Now, here is a chart that shows how this figure is currently looking for six top coins: Bitcoin (BTC), Dogecoin (DOGE), Ethereum (ETH), XRP (XRP), Cardano (ADA), and Chainlink (LINK). Looks like the metric’s value has generally gone up across the sector recently | Source: Santiment on X As displayed in the above graph, all of these cryptocurrencies, except for XRP, have witnessed a notable uptick in the percentage of Total Supply in Profit over the past month. The king of the sector in terms of the indicator is Bitcoin, with around 98.4% of its supply being in the green.…
Filed under: News - @ May 30, 2025 7:31 am