Dogecoin Slips To $0.2182 As Whale Dumps 170M, Analysts And Traders Expect Rise
Posted On May 19, 2025
Dogecoin (CRYPTO: DOGE) is trading at $0.2182, down by 1.05% in the last 24 hours and almost 12% over the past week, although it has risen 37.5% in the last month. The price movement of the memecoin has hit a roadblock as whales dumped enormous amounts of DOGE and the spot pressure was reflected in the derivatives market.
According to The Santiment, DOGE whales lost more than 170 million tokens in a single day. It led to a sudden decline in Dogecoin from $0.24 to $0.21 during the weekend, and resulted in panic selling among retail traders. The trading volume fell, indicating a decreasing appeal of DOGE.
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