Dogecoin Trades at Deep Discount as 365-Day MVRV Falls to -19.26%
- —DOGE 365-day MVRV fell to -19.26%, leaving most one-year holders underwater
- —250 million DOGE worth $23.2 million moved from an unknown wallet to Binance
- —September is up 14% so far versus a historical average of +12.5%
- —Historical DOGE returns average +15.5% in November and +18.9% in December
Why it matters: The deep discount limits selling pressure, but the 250 million DOGE inflow to Binance could turn into profit-taking on any rebound.
Source: U.Today