DOGE in Profit: Crypto Shenanigans or Real Deal? 🐶

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So, here we are — another day, another rollercoaster in Crypto Land. But guess what? While the market has been dramatically sobbing in the corner, a few fearless assets are still strutting around, insisting on being profitable. According to good old Glassnode (my favorite gossip source these days), some cryptos are showing off a high supply in profit, while others are basically wearing a metaphorical “underwater” t-shirt. Ethereum and Solana, for instance, decided to dive deep into the pool of unrealized losses, even though they were all the rage not too long ago. Don’t you love a twisty plot?

Meanwhile, our beloved dog-themed token sits somewhere in the middle — at a very polite 50.8% supply in profit. Yes, you heard that right: half of those coins are still floating above water, which is arguably better than trying to breathe with gills. The “supply in profit” is basically code for “people who can pop champagne because they’re still in the green,” or at least not in a state of market-induced despair.

Other assets sit somewhere in between:$BTC: 76.8% (↓ -11.9pp)$TON: 76.7% (↓ -5.5pp)$ONDO: 74.3% (↓ -22.2pp)$DOGE: 50.8% (↓ -32.3pp)

— glassnode (@glassnode) April 8, 2025

This little magic number can signal when profit-holders might gleefully dump their stash — because nothing spells “market top” better than hordes of people deciding it’s time to cash out and book that dream vacation. But at 50.8%, it’s more of a “meh” moment: half might be itching to sell, the other half is like, “I’ll stick around for the meme potential.”

In other words, it’s not full-on euphoria, but it’s also not the kitchen floor of despair. It might even mean the worst has already been priced in, offering a comfy seat for a potential bounce. Plus, if more folks join the DOGE party, the upside could be as explosive as a confetti cannon at a birthday bash.

DOGE price rebounds

After feeling a little woozy, DOGE has apparently pulled itself together near the $0.15 mark, looking rather fresh following a broader market recovery. As of this sparkling moment, DOGE is up 6% in the last 24 hours to $0.154. Wait, there’s more: Bitcoin managed to crawl its way back near the $80,000 zone, stirring up a relief rally after previously plunging below $75,000 (drama queens).

In a fit of enthusiasm, DOGE even soared by 13% before deciding, “That’s enough celebrating for one day,” and trimmed those gains slightly. Crypto futures also joined the dramatic dance on Monday, witnessing nearly $1.4 billion in liquidations, as a few assets nosedived over 20%, dragging the entire market with them. But, like any good rom-com, this heartbreak gave way to a rebound, with short sellers being dragged out to dry.

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2025-04-08 18:56