Crypto Holders on the Move: What Recent Trends Reveal About These Three Coins

Joao Wedson, a cryptocurrency analyst, has taken a deep dive into the trends of Coin Days Destroyed (CDD) across several major blockchains, including Dash (DASH), Litecoin (LTC), Dogecoin (DOGE), and Zcash (ZEC). CDD is a crucial metric that tracks the movement of older coins by combining the amount of coins transferred with the number of days they’ve remained inactive. This data provides valuable insights into whether long-term holders are selling off their assets or holding onto them.

While CDD is commonly used to track Bitcoin, Wedson has expanded its application to other UTXO-based systems like DASH, LTC, DOGE, and ZEC, which operate similarly to Bitcoin’s blockchain. His analysis highlights the importance of monitoring CDD in these coins, as it can reveal significant trends in market behavior.

According to Wedson, an increase in CDD signals that long-dormant coins are being moved, often pointing to selling activity. Notably, there were significant surges in CDD across these cryptocurrencies during the price rallies seen in late 2024 and early 2025. These price peaks—such as Dash reaching $65, Litecoin hitting $136, Dogecoin climbing to $0.46, and Zcash at $75—suggest that many long-term holders took advantage of these higher price levels to liquidate their positions.

However, after these price peaks, Wedson observed a decline in CDD for Dash, Litecoin, and Dogecoin. This downward trend in CDD indicates that fewer long-held coins are being moved, which often signals a phase of accumulation. As the selling pressure decreases, it can pave the way for price stabilization and potential upward movement.

In contrast, Zcash has shown a different pattern. Its CDD remains high, indicating that there is still significant selling pressure. This suggests that many investors are continuing to offload their ZEC holdings, which could potentially lead to further price declines if the trend persists.