A widely watched on-chain profile for Dogecoin is flagging a striking absence of realized cost basis between roughly $0.19 and $0.07—an “air pocket” that could amplify volatility if price migrates into the 0 a Glassnode UTXO Realized Price Distribution (URPD): ATH-Partitioned chart, analyst NekoZ (@NekozTek) wrote: “There’s a huge gap on DOGE between $0.19 and $0.07.” URPD maps coins by their last on-chain transfer price, a proxy for where current holders acquired their 1 clusters typically align with strong support or resistance; sparsely populated bands imply fewer cost-anchored holders who might otherwise slow a 2 the Dogecoin snapshot shared by NekoZ, the distribution shows two dominant shelves with relatively little realized supply between them.
A large cohort sits near approximately $0.0739, labeled on the chart with 28,288,647,364.767 DOGE, equating to 18.69% of the measured 3 Reading: Dogecoin Now Poised For Its Biggest Run In 2025, Analyst Predicts Higher up, another notable node appears around $0.1996, carrying 14,183,292,412.578 DOGE, or 9.37%. The expanse shaded between these anchors is marked “GAP,” visually underscoring the thin realized supply across that 4 Does That Mean For Dogecoin Price? For traders, the structural message is straightforward but 5 spot price descends from the upper node into the underpopulated band, there are fewer holders with break-even incentives to absorb sell pressure, so downside can accelerate until it encounters the heavier cost basis around the lower 6 logic is symmetrical on the way up: if price advances from the lower shelf into a sparsely held zone, there is less overhead supply to impede a rally until it nears the next dense 7 therefore speaks to path-dependence and market microstructure rather than direction in 8 Reading: Dogecoin Foundation’s House Of Doge Announces NASDAQ Listing The question embedded in the headline—whether a “crash” is imminent—cannot be answered by URPD 9 distribution is not a timing tool and does not incorporate contemporaneous drivers such as order-book depth, derivatives positioning, or exogenous 10 it does show, with unusual clarity in Dogecoin’s case, is a bifurcated cost landscape: a heavy base near ~$0.07 and a sizable cluster near ~$0.20, with relatively little realized ownership in 11 price traverse that interval, the chart implies a higher likelihood of fast travel within the gap and stickier behavior when it reconnects with one of the dense shelves.
NekoZ’s framing—“There’s a huge gap on DOGE between $0.19 and $0.07.”—captures the core 12 Glassnode URPD snapshot quantifies it, highlighting that roughly one in five measured DOGE resides near ~$0.074 while close to one in ten sits near ~$0.20, bracketing a broad stretch of thin realized 13 market participants, the takeaway is not a forecast, but a map: the route between those levels has fewer natural 14 press time, DOGE traded at $0.198. Featured image created with DALL. E, chart from 15
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