{"id":35986,"date":"2025-11-01T02:00:58","date_gmt":"2025-11-01T02:00:58","guid":{"rendered":"https:\/\/cryptd.in\/dogecoin-plunges-to-0-18-as-whales-sell-440-million-doge\/"},"modified":"2025-11-01T02:00:58","modified_gmt":"2025-11-01T02:00:58","slug":"dogecoin-plunges-to-0-18-as-whales-sell-440-million-doge","status":"publish","type":"post","link":"https:\/\/cryptd.in\/id\/dogecoin-plunges-to-0-18-as-whales-sell-440-million-doge\/","title":{"rendered":"Dogecoin Plunges To $0.18 As Whales Sell 440 Million DOGE"},"content":{"rendered":"<p>On-chain data shows the Dogecoin whales have participated in a significant amount of selling recently, a potential reason behind the memecoin\u2019s decline.<\/p>\n<h2>Dogecoin Whales Shed 440 Million Tokens Over Last 72 Hours<\/h2>\n<p>As pointed out by analyst Ali Martinez in a new <a href=\"https:\/\/x.com\/ali_charts\/status\/1984168966315802871\" target=\"_blank\" rel=\"noopener nofollow\">pos<\/a> on X, whales have reduced their Dogecoin supply over the past few days. The indicator cited by the analyst is the \u201c<a href=\"https:\/\/www.newsbtc.com\/bitcoin-news\/bitcoin-bullish-sharks-whales-buying-the-dip\/\" target=\"_blank\" rel=\"noopener \">Supply Distribution<\/a>\u201d from on-chain analytics firm Santiment, which tells us about the total amount of DOGE that investors belonging to a given coin range are holding as a whole.<\/p>\n<p>In the context of the current topic, \u201c<a href=\"https:\/\/www.newsbtc.com\/news\/dogecoin-whales-quietly-accumulate-over-320-million-coins-whats-coming-next\/\" target=\"_blank\" rel=\"noopener \">whales<\/a>\u201d are the traders of interest. Their wallet range is typically defined as 10 million to 100 million tokens. At the current DOGE exchange rate, the lower end converts to $1.8 million and the upper end to $18 million. Given the scale, only big-money holders would be able to qualify for the group.<\/p>\n<p>Such investors can carry some degree of influence in the market, so movements related to them can be worth watching. Their behavior doesn\u2019t always impact the memecoin\u2019s price, but it can still be revealing about the sentiment among this key cohort.<\/p>\n<p>Now, here is the chart shared by Martinez that shows the trend in the Dogecoin Supply Distribution of the whales over the last few months:<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/G4gQ_EDWQAAxyHu?format=jpg&amp;name=4096x4096\" alt=\"Dogecoin Supply Distribution\" width=\"2864\" height=\"1344\" loading=\"lazy\" \/><\/p>\n<p>As displayed in the above graph, the Dogecoin whales have seen a sharp decline in their supply recently, indicating that these humongous holders have been distributing. In total, the group has shed 440 million DOGE (worth $81.4 million) from its collective holdings during the last 72 hours. Alongside this trend, the DOGE price has slid down, implying that the whale selloff may have had a role to play.<\/p>\n<p>The Supply Distribution of this cohort could now be monitored, as where it goes next could potentially contain hints about what\u2019s coming for the cryptocurrency\u2019s price.<\/p>\n<p>Earlier in the week, Martinez shared another chart related to Dogecoin, this one showing a technical analysis (TA) pattern that DOGE has been trading inside on the 12-hour timeframe.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/G4Nm_otWEAAbdUo?format=jpg&amp;name=4096x4096\" alt=\"Dogecoin TA\" width=\"2377\" height=\"1644\" loading=\"lazy\" \/><\/p>\n<p>From the graph, it\u2019s visible that the pattern in question is an <a href=\"https:\/\/www.newsbtc.com\/altcoin\/ondo-breaks-out-of-ascending-channel-analyst-sets-0-29-target\/\" target=\"_blank\" rel=\"noopener \">Ascending Channel<\/a>, a type of consolidation channel that appears whenever an asset trades between two parallel trendlines sloped upward.<\/p>\n<p>The support line of the channel is located at $0.18. In the post, the analyst noted that holding this level could be key for DOGE. Following the whale selling, the coin is now retesting the level, with a brief fall below it even happening on Thursday, before the memecoin recovered back above it on Friday.<\/p>\n<p>\u201cIf bulls defend it, next targets: $0.25 and $0.33,\u201d said Martinez.<\/p>\n<h2>DOGE Price<\/h2>\n<p>At the time of writing, Dogecoin is floating around $0.185, down almost 6% in the last seven days.<\/p>\n<p><img decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/W3tGgK7y\/\" alt=\"Dogecoin Price Chart\" width=\"1486\" height=\"915\" loading=\"lazy\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>On-chain data shows the Dogecoin whales have participated in a significant amount of selling recently, a potential reason behind the memecoin\u2019s decline. Dogecoin Whales Shed 440 Million Tokens Over Last 72 Hours As pointed out by analyst Ali Martinez in a new post on X, whales have reduced their Dogecoin supply over the past few [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-35986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dogecoin Plunges To $0.18 As Whales Sell 440 Million DOGE - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/id\/dogecoin-plunges-to-0-18-as-whales-sell-440-million-doge\/\" \/>\n<meta property=\"og:locale\" content=\"id_ID\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dogecoin Plunges To $0.18 As Whales Sell 440 Million DOGE - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"On-chain data shows the Dogecoin whales have participated in a significant amount of selling recently, a potential reason behind the memecoin\u2019s decline. 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