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Dogecoin (DOGE) now sees a major concentration of holders at the $0.08 cost basis, according to a new on-chain update from market analyst Ali (@ali_charts). Marking it as DOGE’s most decisive support zone heading into late 2025. With more than 27.4 billion DOGE accumulated at this price level, it is evident that long-term holder confidence […]Dogecoin (DOGE) now sees a major concentration of holders at the $0.08 cost basis, according to a new on-chain update from market analyst Ali (@ali_charts). Marking it as DOGE’s most decisive support zone heading into late 2025. With more than 27.4 billion DOGE accumulated at this price level, it is evident that long-term holder confidence […]

Dogecoin (DOGE) Sees Massive Accumulation: 27.4 billion DOGE Clustered at $0.08, Analyst Says

2025/11/20 00:30

Over 27.4 billion DOGE held at $0.08 forms a major on-chain support wall.
Rising exchange inflows hint at increasing trader activity that has preceded rebounds before.
DOGE’s exchange supply flip and accumulation signals strengthen.

Massive Accumulation at $0.08 Becomes DOGE’s Key Support

According to the heatmap shared from Glassnode’s Cost Basis Distribution, a large portion of DOGE’s circulating supply was accumulated around the $0.08 region. This clustering of long-term holders signals that the buyers on this level are unlikely to sell during small dips. And the sellers above this range could be resisted strongly if DOGE were to retrace.

Historically, the support at $0.08 has been a cushion for Dogecoin (DOGE) during its corrective phases. The latest reading strengthens this narrative.

Also Read: How High Can Dogecoin (DOGE) Rise in November 2025?

Current Trend and Key Technical Levels

Dogecoin (DOGE) currently has a market capitalization of approximately $24.02 billion, with a trading volume of about $1.9 billion in the last 24 hours. At press time, the altcoin is trading at $0.158, having increased by 1.09% over the past 24 hours.

Source: CoinMarketCap

The price is moving in a bullish trend and is currently testing a resistance level near $0.162. If it breaks above this, the next target could be $0.180. On the downside, the support level is around $0.151. If the altcoin falls below this level, we might see a drop towards $0.140.

Source: TradingView

The blue line indicates the resistance level at $0.162, while the yellow line represents the support level at $0.151.

Dogecoin Exchange Supply Turns Positive

Ali’s latest on-chain chart depicts DOGE flipping net exchange position positive once again. A shift that has historically aligned with short-term price recoveries. While increased supply on exchanges can be an indication of selling pressure, past patterns suggest DOGE usually bounces shortly after such spikes.

The recent on-chain move of Dogecoin (DOGE), highlighted by rising inflows to exchanges and renewed accumulation patterns, adds another layer of optimism to the current setup. Though volatility is still part of this equation, these metrics do hint at growing confidence and a potential momentum-driven move should buying pressure continue to build.

Also Read: Dogecoin (DOGE) Tests $0.115 Support: Can Bulls Launch a Strong Rebound?

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        Highlights:  US prosecutors requested a 12-year prison sentence for Do Kwon after the Terra collapse. Terraform’s $40 billion downfall caused huge losses and sparked a long downturn in crypto markets.  Do Kwon will face sentencing on December 11 and must give up $19 million in earnings.   US prosecutors have asked a judge to give Do Kwon, Terraform Labs co-founder, a 12-year prison sentence for his role in the remarkable $40 billion collapse of the Terra and Luna tokens. The request also seeks to finalize taking away Kwon’s criminal earnings.  The court filing came in New York’s Southern District on Thursday. This is about four months after Kwon admitted guilt on two charges: wire fraud and conspiracy to defraud. Prosecutors said Kwon caused more losses than Samuel Bankman-Fried, Alexander Mashinsky, and Karl Sebastian Greenwood combined.  U.S. prosecutors have asked a New York federal judge to sentence Terraform Labs co-founder Do Kwon to 12 years in prison, calling his role in the 2022 TerraUSD collapse a “colossal” fraud that triggered broader crypto-market failures, including the downfall of FTX. Sentencing is… — Wu Blockchain (@WuBlockchain) December 5, 2025  Terraform Collapse Shakes Crypto Market Authorities explained that Terraform’s collapse affected the entire crypto market. They said it helped trigger what is now called the ‘Crypto Winter.’ The filing stressed that Kwon’s conduct harmed many investors and the broader crypto world. On Thursday, prosecutors said Kwon must give up just over $19 million. They added that they will not ask for any additional restitution. They said: “The cost and time associated with calculating each investor-victim’s loss, determining whether the victim has already been compensated through the pending bankruptcy, and then paying out a percentage of the victim’s losses, will delay payment and diminish the amount of money ultimately paid to victims.” Authorities will sentence Do Kwon on December 11. They charged him in March 2023 with multiple crimes, including securities fraud, market manipulation, money laundering, and wire fraud. All connections are tied to his role at Terraform. After Terra fell in 2022, authorities lost track of Kwon until they arrested him in Montenegro on unrelated charges and sent him to the U.S. Do Kwon’s Legal Case and Sentencing In April last year, a jury ruled that both Terraform and Kwon committed civil fraud. They found the company and its co-founder misled investors about how the business operated and its finances. Jay Clayton, U.S. Attorney for the Southern District of New York, submitted the sentencing request in November.  TERRA STATEMENT: “We are very disappointed with the verdict, which we do not believe is supported by the evidence. We continue to maintain that the SEC does not have the legal authority to bring this case at all, and we are carefully weighing our options and next steps.” — Zack Guzmán  (@zGuz) April 5, 2024  The news of Kwon’s sentencing caused Terraform’s token, LUNA, to jump over 40% in one day, from $0.07 to $0.10. Still, this rise remains small compared to its all-time high of more than $19, which the ecosystem reached before collapsing in May 2022. In a November court filing, Do Kwon’s lawyers asked for a maximum five-year sentence. They argued for a shorter term partly because he could face up to 40 years in prison in South Korea, where prosecutors are also pursuing a case against him. The legal team added that even if Kwon serves time in the U.S., he would not be released freely. He would be moved from prison to an immigration detention center and then sent to Seoul to face pretrial detention for his South Korea charges.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.