According to Data, Large Whales Have Entered the Accumulation Phase in These Three Altcoins, Selling in Another Altcoin

Cryptocurrency analyst Joao Wedson has conducted an in-depth analysis of Coin Days Destroyed (CDD) trends across major UTXO blockchains, including Dash (DASH), Litecoin (LTC), Dogecoin (DOGE), and Zcash (ZEC). CDD is a key metric used to measure the movement of old coins on a blockchain. It is calculated by multiplying the number of coins transferred by the number of days they have been inactive. This helps analysts determine whether long-term holders are selling or continuing to hold on to their holdings. Wedson noted that it is important to track CDD in UTXO-based blockchains, which operate similarly to Bitcoin’s transaction structure. While this metric is typically applied to Bitcoin, his latest research expands the focus to DASH, LTC, DOGE, and ZEC. When CDD increases, it indicates that old coins are being moved and is often associated with selling activity. Wedson noted significant increases in CDD in these assets coinciding with local price peaks in December 2024 and January 2025: DASH hits $65. LTC rose to $136. DOGE reached $0.46. ZEC climbed to $75. According to Wedson, these spikes indicate that long-term holders are taking advantage of higher prices to sell their holdings. Additionally, large institutions have been seen selling coins, which is common during market peaks. Related News: Donald Trump's Family Fund Is Rumored to Launch a New Cryptocurrency - Binance Founder CZ Makes a Statement Following the peak, the CDD metric has been trending down for DASH, LTC, and DOGE. This decline indicates an accumulation phase where investors are holding onto their coins and are confident in future price growth. A decline in CDD also indicates that selling pressure is decreasing, which usually leads to price stabilization and potential upward momentum. Unlike the other three coins, ZEC’s CDD remains high, suggesting continued selling pressure. This could mean that investors are still shedding their holdings, potentially leading to further price declines for ZEC. *This is not investment advice. Continue Reading: According to Data, Large Whales Have Entered the Accumulation Phase in These Three Altcoins, Selling in Another Altcoin