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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/27/2025

Dogecoin Whales Dump Holdings, DOGE Faces Risk of 45% Drop

Dogecoin (DOGE) is under heavy selling pressure from whales, as derivatives open interest and network activity decline, raising concerns that the price could fall to $0.12. Dogecoin Whales De-Risk After hitting a multi-month high of $0.28 on July 21, DOGE has plunged more than 24%, now trading around $0.22. During this period, large wallets have been continuously distributing DOGE into the market. Data from Whale Alert shows a massive transaction of 900 million DOGE (worth over $200 million) was mov

Dogecoin Whales Dump Holdings, DOGE Faces Risk of 45% Drop

Dogecoin (DOGE) is under heavy selling pressure from whales, as derivatives open interest and network activity decline, raising concerns that the price could fall to $0.12.

Dogecoin Whales De-Risk

After hitting a multi-month high of $0.28 on July 21, DOGE has plunged more than 24%, now trading around $0.22. During this period, large wallets have been continuously distributing DOGE into the market. Data from Whale Alert shows a massive transaction of 900 million DOGE (worth over $200 million) was moved to Binance, stoking fears of near-term selling pressure.

Santiment reports that the number of wallets holding between $10M–$100M worth of DOGE has dropped 6% since the end of July, reflecting a de-risking trend among whales. Typically, when large investors sell into a declining price, it signals they expect the market to remain weak.

Speculative Demand Fades, Network Activity Cools

Data from CoinGlass shows DOGE futures open interest has dropped from $5.35 billion (July 22) to $3.24 billion, an 8% decline in just a matter of days. This means fewer traders are placing bets on a near-term price recovery.

On the on-chain side, Glassnode data shows daily active addresses on the Dogecoin network have fallen to around 58,000, down sharply from 674,500 in July and the all-time high of 1.65 million in Q4 2024. This is a clear signal that retail investor interest is cooling.

Technical Risk: DOGE Could Drop to $0.12

From a technical standpoint, DOGE is trading within a rising wedge pattern — a well-known bearish reversal formation. Price has already retested the lower support boundary of the wedge at $0.218. A breakdown below this level could send DOGE down to a target zone of $0.12, representing a 45% decline from current levels.

The RSI is also flashing warning signs, having fallen from overbought territory at 85 (July 20) down to 49, signaling that upside momentum is fading.

Conclusion

To avoid a deeper correction, DOGE needs to hold the $0.19–$0.20 support zone, which aligns with the 100-day and 200-day moving averages. A failure to hold could see the largest memecoin on the market enter a new correction cycle, with the nearest target at $0.16 and a deeper one at $0.12.

With whales dumping, open interest declining, and network activity weak, Dogecoin could be in for a challenging few weeks ahead.