Dogecoin Loses 87% Of Its New Holders In 10 Days, Price Fears 23% Drop

Dogecoin (DOGE) is trading at $0.0906, up 0.52% on the day, but trapped inside a descending triangle that has been compressing prices since January’s highs above $0.14.

New user activity has collapsed, realized losses are at their deepest point in weeks, and the only thing standing between current prices and a 23% drop is $0.0881.

New Dogecoin Addresses Drop 87% in 10 Days

DOGE attracted roughly 74,150 new addresses on March 13, the highest reading since a prior spike near 75,000 on February 25. However, both surges faded almost immediately, failing to sustain the investor interest.

By March 21–22, new daily address creation had collapsed to approximately 9,650 — a drop of 87% from the March 13 peak in just 10 days. The current reading sits at the lowest level of the entire February–March window.

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DOGE New Addresses. Source: Santiment

The pattern is telling. Each spike in new addresses coincided with the price attempting to recover above $0.10. Each time, the new entrants failed to sustain momentum and exited quickly. The result is a market that briefly attracts buyers at resistance, only to lose them within days.

DOGE Holders Realizing Losses at Deepest Level Since January

Network Realized Profit/Loss data from Santiment shows the DOGE network has been realizing losses almost continuously since late January. The red shaded area above zero — representing net loss-taking — has dominated the entire chart.

The most extreme reading occurred around March 21–22, with the current figure labeled at approximately -$868K. That is the deepest single-period loss realization visible in the chart, surpassing even the February 5 and March 7 episodes.

DOGE Realized Profit/Loss. Source: Santiment

Loss-taking of this magnitude typically signals that recently acquired holders are cutting positions rather than waiting for recovery. Combined with the collapse in new address creation, it points to a market where buyers are being exhausted faster than they can be replaced.

DOGE Price Correction On The Cards

Dogecoin price is inside a descending triangle at the moment, nearing a breakdown. The upper trendline has declined from above $0.1157 in January to approximately $0.1007 today, capping every recovery attempt. The flat support sits at the Fibonacci 0.618 level of $0.08807.

A 23.39% measured move annotation projects a target of $0.06864 from current levels if that support breaks. The same percentage move played out in early February when Dogecoin price dropped from $0.1157 to approximately $0.0881 — the pattern has already proven itself once in this cycle.

DOGE Price Analysis. Source: TradingView

Below $0.08807, the next Fibonacci level is $0.08005 (0.786), followed by the $0.06983 extension level (1.0) and the $0.06864 dashed support at the chart’s lower boundary. 

The X Money platform entered closed beta in early March 2026 with a public launch announced for April. If Dogecoin integration is confirmed, it could provide the demand catalyst needed to break the descending trendline at $0.1007 instead. Without it, the triangle’s geometry points lower.