Altcoins News
By Steven Anderson
1 / 15
Dogecoin Whales Offload Massive Holdings. The “Supply Distribution” metric from Santiment tracks the total amount of a token held by wallets…
2 / 15
Market Impact and Investor Sentiment. The recent whale activity highlights growing uncertainty among Dogecoin’s biggest holders.
3 / 15
Dogecoin Tests Key Support at $0.18. In addition to on-chain data, Martinez analyzed Dogecoin’s technical setup using the 12-hour chart.
4 / 15
What Comes Next for Dogecoin?. Dogecoin’s recent price action paints a mixed picture.
5 / 15
Conclusion. Dogecoin’s drop to $0.18 marks one of its steepest declines in recent weeks, driven largely by…
6 / 15
Dogecoin (DOGE) has fallen sharply over the past few days, slipping to around $0.18 after large investors, known as whales, offloaded hundreds of millions of tokens.
7 / 15
According to crypto analyst Ali Martinez, who shared the update on X (formerly Twitter), Dogecoin whales have sold a combined 440 million DOGE—worth roughly $81.
8 / 15
Martinez noted that over the past three days, this group’s collective holdings dropped significantly.
9 / 15
The analyst shared a chart showing that the whale holdings have plunged dramatically in late October, just as Dogecoin’s price began to slip from around $0.20 to $0.18.
10 / 15
The recent whale activity highlights growing uncertainty among Dogecoin’s biggest holders. A drop in whale accumulation typically indicates declining confidence or profit-taking…
11 / 15
Such large transactions can create short-term market turbulence, especially in assets like Dogecoin, where price movements are often amplified by community-driven sentiment.
12 / 15
Despite this, some analysts caution against assuming that whale movements alone dictate Dogecoin’s direction.
13 / 15
The lower boundary of this channel sits around $0.18, a level that now serves as critical support for DOGE.
14 / 15
Earlier this week, Dogecoin briefly dipped below $0.18, but the coin quickly rebounded, suggesting buyers are still defending the level.
15 / 15
Dogecoin’s recent price action paints a mixed picture. On one hand, heavy whale selling and weakening momentum raise concerns about further downside risk.
The Currency Analytics
Want the full story?