Crypto Bloodbath! XRP, SOL, DOGE Holders Weep 😭

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Ah, the crypto market! A shimmering mirage in the desert of despair. It promises riches, yet delivers only sand in your gullet.
They say the global market cap has swelled by a pathetic 2.1% like a bloated tick.
But even in this supposed recovery, three wretched souls – XRP, Solana (SOL), and Dogecoin (DOGE) – are united in their misery.
They share a common curse: a dwindling number of holders wallowing in profit. Misery loves company, eh?

XRP, SOL, DOGE Holders: A Study in Disappointment 🤔

These digital trinkets, XRP, SOL, and DOGE, have witnessed the most precipitous drop in the percentage of their loyal followers actually seeing any return.
Imagine the horror! The crushing weight of regret! To buy high and sell low is the investor’s mantra, no?

According to a missive from the digital soothsayers at Glassnode, penned on the sacred scrolls of X, a mere 81.5% of XRP faithful are still clinging to the illusion of profit.
A paltry number, I say! This after a 5.22% exodus from the land of gains in the last month.

Dogecoin fares even worse, with a pathetic 53.6% still pretending to be happy. Solana, the most miserable of the lot, sees only 35.2% basking in the false glow of prosperity.
This “Percent Supply in Profit” metric, as they call it, is supposed to enlighten investors. As if investors ever understood anything! 🤣

Meanwhile, $DOGE, $XRP, and $SOL experienced the sharpest drops:

🟠DOGE: −9.7pp → 53.6%
🟢XRP: −5.2pp → 81.5%
🟣SOL: −4.4pp → 35.2%

— glassnode (@glassnode) April 2, 2025

So, the learned analysts at Glassnode conclude that XRP, SOL, and DOGE holders are becoming poorer. Groundbreaking!
This, mind you, after XRP dared to dip below the sacrosanct price of $2. Oh, the humanity!
Meanwhile, TON and BNB holders are apparently rolling in dough, with 94% and 86% respectively still in the black. Such smugness!

What Does It All Mean? (Spoiler: Probably Nothing) 🤷‍♂️

This “Percent Supply in Profit” indicator, a lagging metric, they say, is useful for gauging market sentiment. As if sentiment mattered in this casino!

Glassnode pontificates that in “pronounced bull markets,” over 90% are swimming in profits. But with XRP, SOL, and DOGE, the opposite is true.
Thus, they conclude that prices are likely to plummet further. A truly insightful observation! 🙄

As I scribble these words, XRP, SOL, and DOGE have already plunged 12%, 9.4%, and 12.6% respectively in the last week.
The market sentiment is shifting, they say, with the possibility of these coins retesting local highs.
A fool’s hope, I tell you! A fool’s hope!

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2025-04-02 19:47