DOGE Acquisition Costs Plummet to Multi-Month Lows Amid Growing Holder Base
The Dogecoin (DOGE) market has seen a significant decrease in acquisition costs, falling to multi-month lows. This drop in acquisition costs comes as the number of holders surged by roughly 8.2 million during this period.
Despite recent volatility across memecoin markets, DOGE's realized acquisition cost has fallen, indicating that long-term holders are maintaining their positions rather than selling at lower prices.
The Mean Dollar Invested Age stood at 53 as of press time, suggesting coins are not moving aggressively between wallets. This consolidation is also reflected in technical indicators, which show DOGE consolidating within a flag structure while the Stochastic RSI bounces from oversold territory.
A liquidation heatmap data from CoinGlass identifies $1.63 million in clustered positions near the $0.11 level, making it a potential target for traders watching whether fresh capital will push prices toward that level.