DOGE drops 67% this year but daily active users surge; retail investors snap up $50 million only to face a massive 11.7 billion DOGE sell wall

2025-12-06 05:20:18

Abstract generation in progress

[Crypto World] DOGE has really been struggling lately, down 67% for the year and another 2.4% drop just yesterday. But interestingly, on-chain data suggests we’re not in a bubble—rather, it looks like quiet accumulation is underway. Daily active addresses have shot up to 73,560, which is quite a high level of activity.

Retail investors seem pretty determined, having scooped up almost $50 million worth of spot last week. But here’s the problem: overall trading volume just isn’t picking up, and the biggest issue is the sell wall at $0.20, where there are sell orders for 11.72 billion coins. Unless that wall is cleared, it’s basically impossible for the price to move up. The market is just stuck here: there’s buying interest, but not strong enough, and the selling pressure is very real.

DOGE0.05%

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LiquiditySurfer

· 23h ago

Ha, this is a classic case of insufficient liquidity depth. No matter how aggressive the buy orders are, it’s useless. There are 11.7 billion sell orders firmly suppressing the price. This round, it’s market makers protecting their martini moment. Retail investors sweeping up 50 million still seem confident, but if trading volume doesn’t pick up, it gets tricky. Feels like everyone’s still fishing below the surfing price point. Over 70,000 daily active users isn’t low, and tokens are quietly sinking lower. Now it’s all about whether they can get past this wall. Stuck at 0.20 for so long—either a big player is waiting for a chance, or there’s absolutely no one left to take over, ha. Someone should have dumped those 11.7 billion ages ago. Right now, it’s purely a liquidity meat grinder.

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MetaverseLandlady

· 12-06 05:50

Retail investors are buying up 50 million at the bottom, that's quite a mentality... But that 11.7 billion sell wall is really tough. If 0.20 can't hold, is there more to the story below?

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quietly_staking

· 12-06 05:50

Hmm... such a sharp increase in daily active users is a bit strange. Are retail investors really buying the dip, or are institutions pushing up this number?

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QuietlyStaking

· 12-06 05:50

Retail investors are really gambling, but this 11.7 billion sell wall... it's a bit hopeless.

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FundingMartyr

· 12-06 05:47

Retail investors swept 50 million but still couldn't break through that wall, this is a bit awkward. Wait, daily active users have risen to over 70,000? What's going on? It dropped 67% and there are still people daring to buy? That's really gutsy. That 0.20 sell order is really a meme, who's dumping? Weak buying pressure is a big problem, this shows a lack of consensus.

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FlyingLeek

· 12-06 05:31

Retail investors are bottom-fishing again. I totally get this trading mentality, but that 11.7 billion sell order is really disgusting. DOGE’s rebound seems nowhere in sight. Daily active users are up, but it’s useless if it can’t break through 0.20—it’s dead in the water. Even after such a drop, someone is still sweeping up 50 million. I have to say, that takes guts, but who knows how long they’ll be stuck holding the bag. When was the last time I saw a situation like this? Feels like I lost money again. Unless that sell wall gets smashed, there’s really no chance. Anyone going all in now seems a bit crazy to me.

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