Saad Ullah
Dogecoin (DOGE) latest blockchain data points to something interesting happening beneath the surface. A massive pile of coins—27.4 billion DOGE to be exact—has stacked up around the $0.08 price point. This isn't just another random support level. It's become the single most important foundation holding up DOGE's price right now, and the data makes it crystal clear.
The $0.08 Zone: Where 27.4 Billion DOGE Changed Hands
Recent on-chain analysis shows what's really going on under the hood. Between $0.081 and $0.083, more DOGE changed hands than at any other price level currently on the books. The Glassnode heatmap backs this up with a thick, dense band that stands out from everything else on the chart.
Why does this matter? When huge numbers of investors buy at similar prices, they typically don't want to sell below what they paid. It creates a natural floor. The bigger the cluster, the stronger that floor becomes. And right now, DOGE's floor at $0.08 is reinforced by billions of tokens.
Breaking Down the Support Layers
The heatmap reveals two major accumulation zones:
- The $0.08 base holds 27.4 billion DOGE—the chart's deepest layer by far. Cost basis sits between $0.0812 and $0.0828, making this the heavyweight champion of support levels.
- A secondary cluster appears at $0.20, where another 12.15 billion tokens were picked up. This zone formed after DOGE's late-2024 rally and served as a temporary resting spot before the deeper pullback.
How DOGE Got Here
The price journey tells three distinct stories. Early 2024 was quiet. DOGE hovered between $0.075 and $0.10, with most of that heavy $0.08 accumulation happening during this calm period.
Then came late 2024's explosion. DOGE rocketed past $0.40, leaving all those cost-basis clusters in the dust. The chart shows an almost vertical climb before reality set in.
Throughout 2025, things cooled off. Price dropped from those highs, bounced around between $0.20 and $0.08, and eventually settled back into that massive support zone where it all started. Circling back to your strongest base? That's usually a sign something's brewing.
Why Smart Money Is Piling In
A few things might explain why so much DOGE is clustering here. Market cycles tend to reset after big rallies, and experienced traders often use these moments to load up at strategic price levels. The $0.08 mark fits that playbook perfectly.
DOGE's community has always been active at round numbers and psychological levels. Network fundamentals remain solid despite price swings—wallet growth stays steady, transactions keep flowing, and the blockchain itself keeps humming along.
There's also the cycle timing factor. DOGE has a track record of making big moves during later phases of crypto market cycles. Building positions now could be a bet on the next wave of liquidity flowing into memecoins and altcoins.
What This Means Going Forward
With 27.4 billion DOGE sitting at $0.08, this level has become the market's anchor point. As long as price respects this zone, it could serve as the launching pad for whatever comes next—similar to past cycles where DOGE built strong foundations before explosive moves.
The flip side? If DOGE breaks below this band, the next support levels get a lot thinner. But for now, the data tells a straightforward story: $0.08 is the line in the sand, backed by the biggest concentration of holders in DOGE's entire cost-basis structure. Everything else is secondary.
Saad Ullah
