The price of Dogecoin has dropped to $0.084464. The proportion of tokens held by large addresses is

Dogecoin price analysis for Wednesday's morning session: $0.084464. This price is 5.6% higher than the low reached in February.

On Wednesday morning, Dogecoin’s price was $0.084464, which is approximately 0.075351 euros. The significance of this price level goes beyond the numerical value itself: it represents a rise of 5.6% compared to $0.0800. This price is below the low set on February 6th, and it tested the upper limit at $0.0876 for the first time on Tuesday. This marks eight months since then. Above this level, the 50-day moving average stands at $0.0876, serving as the upper boundary for prices. The distance between these two moving averages is 9.5%. Since October 9th, Dogecoin has been confined within this range.

Additionally, there are subtle changes in the ownership structure of Dogecoin. While the price data does not yet fully reflect these changes, addresses holding more than 100 million DOGE coins currently control 69.74% of the circulating supply. This proportion was 70.02% on September 1st. This seems like a small change, but in terms of 156.32 billion DOGE coins in circulation, this means approximately 438 million coins, or roughly $37 million at current prices. We will consider these key points in the context of the overall market situation. We will also compare Bitwise Fund’s liquidation volume with daily transaction volumes, and show what European investors can actually monitor at this price level.

Details regarding the support levels for this price are as follows:

The data comes from CoinGecko. On Wednesday morning, Dogecoin’s trading price was $0.084464, representing a decrease of 0.58% compared to the previous day. The highest price during the day was $0.085161, while the lowest was $0.082997. In euros, this translates to 0.075351. The price range over the day was between 0.074051 and 0.075982 euros. The market capitalization is 13.2 billion US dollars, and the trading volume in the past 24 hours was 459.76 million US dollars.

The decline over the past week is quite evident: on October 7th, the price of DOGE was $0.093678, which is a rise of 9.8% compared to today’s level. Compared to the mid-October high of $0.095843, the increase was 11.9%. The highest price ever reached in May 2021, at $0.731578, is far higher than this, with a difference of 88.45%. When looking at these long-term trends, the recent corrections seem unusual: compared to the record highs, the current pullbacks are still considered short-term adjustments within the long-term trend.

The turnover rate refers to the ratio of daily trading volume to market capitalization. For DOGE, today’s rate is 3.5%. In comparison, the same data for the same morning shows: Bitcoin at 1.6%, Ethereum at 3.2%, Solana at 4.5%, and XRP at 2.0%. Therefore, DOGE has higher trading activity than Bitcoin, but lower than Solana. This indicator is crucial for determining whether key levels are stable: the higher the turnover rate at a certain level, the more reliable any breakouts or holds at that level will be.

The level of $0.0800 originated on February 6th, and was confirmed on Tuesday

. The background of a particular price point determines its value weight. $0.0800 isn’t derived from any integer or chart patterns, but rather from the lowest price of the day on February 6th this year. CoinJournal pointed out this origin on October 13th, stating that DOGE rebounded after hitting a daily low of around $0.0800 on Tuesday. At that time, the Relative Strength Index (RSI) was approximately 39.

The Relative Strength Index The metric measures the proportion of days during a certain period when prices rose versus those when prices fell. This value ranges from 0 to 100; a score below 30 is generally considered to indicate an oversold market condition. A score of 39 indicates that there was strong selling pressure on Tuesday, but this pressure wasn’t completely exhausted, which is consistent with the price trend. On October 13th, the daily price reached $0.082182, marking the lowest point in the past two weeks. Currently, the price is 2.8% higher than this level. Therefore, this price point has been tested once, and it happened in a market environment where large-cap stocks were under pressure on the same day.

This is important in terms of proximity: the price is only 5.6% away from $0.0800. Any trader who plans to place orders near this level should take this margin into consideration, rather than focusing solely on integer milestones. If the price drops below this level, since there will be no lower daily lows in 2026, it will lose its last buffer point. The next reference level will drop back to December last year.

Nearly 70% of the supply is held by addresses with over 100 million DOGE tokens

An omission in this week’s price report comes from data provided by Santiment, which states that addresses holding over 100 million DOGE tokens control 69.74% of the total supply. On September 1st, this ratio was 70.02%. A difference of 0.28 percentage points seems small, but it’s precisely this difference that makes arithmetic calculations necessary. Out of the 156.32 billion DOGE tokens in circulation, one percentage point equals 1.56 billion coins. Therefore, a 0.28 percentage point difference corresponds to approximately 438 million DOGE tokens, which, based on Wednesday’s early trading price, would be worth about $37 million.

In terms of absolute values, large addresses still hold approximately 109 billion DOGE coins. Over the past six weeks, there has been a downward trend, with approximately 73 million DOGE coins being sold each week, or about $6 million in total. This isn’t a panic-selling situation, but rather a gradual dispersal of funds. It’s impossible to determine whether these transferred coins were actually sold or simply dispersed to multiple addresses. Therefore, this shouldn’t be overinterpreted.

How concentration affects liquidity withdrawal

The mechanisms behind this phenomenon are rarely explained, but they determine the severity of price fluctuations. When nearly 70% of the supply is concentrated in a few large addresses, retail investors face insufficient order book depth. If any one of these addresses sells part of its holdings, it will struggle to absorb such a large volume of orders without significantly lowering prices. Subsequently, price drops aren’t caused by news, but rather by the sheer size of the orders.

Conversely, as concentration decreases, the same amount of supply becomes distributed among more people, reducing the impact of individual orders. Based on this logic, the 0.28 percentage point change over the past six weeks represents a slight easing, not a reversal in trends. To understand this concept better: within the past 24 hours, the largest transaction valued at $47.81 million accounted for more than one-tenth of all daily transactions on all platforms. Such a large single transaction could dominate the entire order book.

The funding rate in the futures market is 0.0044%. The tensions that arose after the settlement on October 9 have subsided.

Beyond the charts, another perspective that can help explain the behavior of meme coins is the futures market. Funding rates It refers to the amount paid by long position holders to short position holders every eight hours, when the futures price is higher than the spot price. This fee is a direct measure of the cost involved in betting on price increases.

On OKX exchange, the funding rate for perpetual DOGE contracts was 0.0044% per hour during Wednesday’s morning trading session. Annualized, this amounts to 4.9%, which is close to the base rate of the exchange. The total number of open positions on this exchange amounted to 108 million DOGE units, or $91.3 million, accounting for 0.69% of the market value.

These figures correspond to the events that occurred on October 9th. We reported that 94% of DOGE liquidations that day were related to long positions. Since then, leverage has largely disappeared from the market: the low funding rate indicates that almost no one is paying any fees for bullish leveraged bets anymore. At $0.0800, this is a significant positive, as the trigger that usually leads to crashes—the liquidation of over-levered long positions—no longer exists.

Bitwise converted $725,870 into cash today, which accounts for only 0.16% of the daily trading volume.

Today is the last trading day for the NYSE Arca-listed Dogecoin ETF. The DOGE positions held by this fund will be converted into cash on this day. We described this process in detail on October 10th, before that date arrived. The question that can now be answered is regarding the scale of the fund: as of October 7th, the fund’s assets amounted to approximately $725,870. Compared to the daily trading volume of $457.96 million, this represents only 0.16% of the total volume.

This calculation explains why the impact of this date on prices is negligible. Sales of this scale are simply part of everyday transactions. Viewing fund liquidations as a major price factor is a mistake; it’s important to distinguish between headlines and actual monetary values. American investors follow different schedules: the net asset value is determined on October 21st, and payments are made through brokers. European investors are generally unaffected, as this product has never been allowed to be sold in Europe.

The flow of other products is also very small. CoinJournal reported that on October 12th, Monday, there was a net outflow of $399,460 from DOGE spot funds. In comparison, during the same period in October 11th, there was a net outflow of $57.2 million. So, fund flows represent only a small portion of the overall situation; exchange-level flows are 140 times larger.

Blockchain data shows 33,197 transactions, with 32 transactions in the memory pool, and an additional 13.7 million DOGE coins added daily.

The Dogecoin blockchain itself showed stable performance during the early morning hours of Wednesday. During the day, 1,370 blocks were discovered, with 33,197 transactions processed. The number of blocks indicates that the average block generation time is 63 seconds; the protocol goal is 60 seconds. The network hash rate was 3.3 petahashes per second, with a difficulty level of 48.3 million. There were 482 reachable nodes.

Memory pool It remains in the transaction waiting area, pending processing. For Dogecoin, there are currently only 32 transactions in the memory pool. For a network with almost no active transactions, this means two things for holders: transfers will be confirmed within the next minute, and increasing the fee rate doesn’t offer any real benefits. The median fee rate is 0.0052 DOGE, less than half a cent. The average fee rate is 0.2659 DOGE, which is 51 times higher than the median rate. This reflects the influence of a few large transactions, but it doesn’t truly represent the cost of ordinary transfers.

There’s one factor that remains constant and must be taken into consideration when analyzing Dogecoin prices: an unlimited number of new DOGE coins are created every day. Over the course of a year, this amounts to approximately 5 billion coins, accounting for 3.2% of today’s supply. To maintain stable prices, there must be a daily demand of about $1.1 million to absorb these new coins.

Purchase options, costs, and custody: The price difference at key levels

At prices close to $0.0800, the execution cost is higher than the quoted price. On compliant platforms regulated by the EU’s MiCA regulations, immediate purchases typically cost around 1%, while limit orders have much lower costs in the order book. Given that there’s a 5.6% difference from the target price, a 1% fee rate represents nearly one-fifth of that difference. Therefore, it’s worth carefully reviewing the fee models before placing orders. Our cryptocurrency exchange comparison page covers this information in detail.

Dogecoin's custody process has some unique features: Dogecoin does not support staking, so idle holdings generate no income, and there is therefore no reason to keep them on the exchange. Any long-term holders will definitely transfer them to their own wallets. Under the current mem pool system, network transfer costs are only a fraction of a cent. In terms of taxation, in Germany, the holding period is a crucial factor: according to the Income Tax Law, profits from the disposal of encrypted assets after one year of holding are tax-free. Before that time, a exemption limit of 1,000 euros per year applies. For each order, the purchase date must be recorded, and each batch purchase needs to be documented separately. Repeated purchases within a certain range can lead to multiple expiration dates. Relevant tools are available in our tax software and portfolio tracker overview.

Our assessment is that as the funding rates remain stable, the range of prices will continue to remain stable

. From the perspective of the news department, the current situation of Dogecoin seems more stable than what its price suggests. There are three pieces of evidence supporting this view: the 0.0044% funding rate every eight hours indicates that leverage long positions have been eliminated since October 9th. Without these positions, the triggers that usually cause price drops would no longer exist. Since September 1st, the concentration of funds in large addresses has decreased from 70.02% to 69.74%, indicating a slight increase in distribution. While Bitwise fund liquidations may seem problematic, they account for only 0.16% of daily transactions, so their impact is minimal.

What stands in contrast to this is the resistance at the upper level. The fact that the price has not managed to remain above $0.0876 for five consecutive trading days indicates strong selling pressure. Additionally, the continuous issuance of 13.7 million DOGE coins per day creates new demand. As long as the price fails to regain contact with the 50-day moving average, this trend will continue to move sideways within a certain range. This situation does not warrant any buying or selling decisions. Cryptocurrency assets could face total losses at any time.

Doge coin’s range: If the price is above $0.0876, conditions are favorable; if it falls below $0.0800, conditions deteriorate.

Here are three steps to help you understand the situation better:

• Consider the costs and price differences: The purchase cost of 5.6%, or 1%, almost completely consumes half of the potential profit. The cost models of various platforms can be found in the comparisons provided by cryptocurrency exchanges.
• Pay close attention to funding rates: If this rate is significantly higher than today’s 0.0044%, it indicates that new leverage is accumulating. The risk associated with clearing transactions at $0.0800 will become more significant. You can check this value and costs in the overview of perpetual decentralized exchanges.
• Record the dates of each batch purchase: Each order activates its own timer. For tools that can automatically track these details, please refer to our tax software and portfolio tracker overview.

(As of October 14, 2026. This article does not constitute investment advice. Prices and costs may change; please verify the terms with the provider before purchasing.)