Short-Term Dogecoin Holders Drop from 7.73% to 2.76% in Under a Month

⬤ Dogecoin’s on-chain metrics are revealing a major shift in how short-term traders are treating the meme coin. Fresh Glassnode data shows that the supply held by those who’ve owned DOGE for just one week to one month has taken a nosedive over the past month. The numbers paint a clear picture: while the price hovers around $0.13, the short-term holder group is rapidly shrinking.

⬤ The drop is pretty dramatic when you look at the specifics. Between November 29 and December 23, the share of DOGE held by this short-term group collapsed from 7.73% down to 2.76%. That’s a massive exodus happening in real-time. Throughout December, the price has been bouncing between $0.12 and $0.13, sitting at roughly $0.1293 on December 23.

⬤ What’s actually happening here is pretty straightforward. These shorter-term traders—the ones who typically hold for a few weeks at most—are either cashing out or moving into different holding patterns. The month-long view from late November through December shows this isn’t just a blip, but a sustained trend that’s reshaping who’s holding Dogecoin right now.

⬤ This matters because Dogecoin lives and dies by speculative energy and trader participation. When the 1-week to 1-month supply group contracts this hard, it tells us something about current sentiment and could affect how liquid DOGE markets are in the near term. The big question now is whether this trend continues, reverses, or signals something bigger happening across Dogecoin’s holder base.