{"id":11043,"date":"2025-02-03T12:31:47","date_gmt":"2025-02-03T12:31:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11043"},"modified":"2025-02-03T12:31:47","modified_gmt":"2025-02-03T12:31:47","slug":"dogecoin-whales-go-on-a-selling-spree-more-pain-ahead-for-doge","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11043","title":{"rendered":"Dogecoin Whales Go on a Selling Spree: More Pain Ahead for DOGE?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Large holders offloaded 270 million DOGE ($70M) in the last 24 hours, increasing supply and signaling potential further declines if demand doesn\u2019t keep up.<\/li>\n<li>However, some analysts predicted a possible recovery based on DOGE\u2019s historical patterns.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGE_CB-18.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-381615\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGE_CB-18.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGE_CB-18.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGE_CB-18-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGE_CB-18-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGE_CB-18-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGE_CB-18-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>DOGE Bleeds Heavily<\/h2>\n<p><span data-preserver-spaces=\"true\">Donald Trump\u2019s latest actions have <\/span><span data-preserver-spaces=\"true\">seemingly<\/span><span data-preserver-spaces=\"true\"> had a crushing effect on the cryptocurrency sector.<\/span> <span data-preserver-spaces=\"true\">Recall that the<\/span><span data-preserver-spaces=\"true\"> US president imposed hefty tariffs on China, Canada, and Mexico, <a href=\"https:\/\/cryptopotato.com\/crypto-markets-melt-down-in-400b-selloff-on-trumps-trade-tariffs\/\" data-wpel-link=\"internal\">followed<\/a> by a brutal correction for most leading digital assets.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The OG meme coin \u2013 Dogecoin (DOGE) \u2013 was among the worst affected, with its price falling to as low as $0.21 (per CoinGecko\u2019s data). As of this writing, it trades at approximately $0.25, a 16% daily decrease.\u00a0<\/span><\/p>\n<figure id=\"attachment_381614\" aria-describedby=\"caption-attachment-381614\" style=\"width: 576px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGE-Price.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-381614\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGE-Price.png\" alt=\"DOGE Price\" width=\"576\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGE-Price.png 1040w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGE-Price-300x208.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGE-Price-1024x711.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGE-Price-768x533.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/DOGE-Price-50x35.png 50w\" sizes=\"auto, (max-width: 576px) 100vw, 576px\"><\/a><figcaption id=\"caption-attachment-381614\" class=\"wp-caption-text\">DOGE Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">While the bulls hope this will be a temporary correction that can be followed by another rally, some metrics suggest that the bears might prevail in the short term.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The popular analyst Ali Martinez <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1886050917021012438\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">revealed<\/span><\/a><span data-preserver-spaces=\"true\"> on X that whales have sold 270 million DOGE (worth almost $70 million at current rates) in the last 24 hours. Actions of that type increase the circulating supply of the asset, meaning the price could head south (assuming demand <\/span><span data-preserver-spaces=\"true\">doesn\u2019t catch<\/span><span data-preserver-spaces=\"true\"> up the pace). Additionally, smaller players might interpret this as a worrying sign and join the sell-off.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Several hours ago, Martinez <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/dogecoins-price-sinks-15-in-2-days-is-a-bigger-crash-coming\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">noted<\/span><\/a><span data-preserver-spaces=\"true\"> that DOGE experienced a bearish crossover between the Market Value to Realized Value (MVRV) ratio and its 30-day Simple Moving Average. According to him, this signals \u201ca steep price correction ahead.\u201d<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">DOGE Price Predictions<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Despite the crash, multiple market observers remain optimistic that the meme coin could return to the green track soon. One example is the X user Trader Tardigrade, who <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/TATrader_Alan\/status\/1886319975323087198\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">envisioned<\/span><\/a><span data-preserver-spaces=\"true\"> a <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> resurgence based on the asset\u2019s historical performance.<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cIn the 2016 pullback, DOGE retraced 59.76%, followed by a +9,221% bull run. In the 2020 pullback, DOGE retraced 56.2%, followed by a +30,693% bull run. When in doubt, check the macro chart,\u201d the analyst said.<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">KALEO and Crypto Tony <\/span><span data-preserver-spaces=\"true\">chipped in, too<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> The former <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CryptoKaleo\/status\/1886131661664112734\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">described<\/span><\/a><span data-preserver-spaces=\"true\"> the current price level as \u201ca solid entry and practically free compared to where we\u2019ll see it a few months from now.\u201d\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For their part, Crypto Tony <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CryptoTony__\/status\/1886111088812470345\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">claimed<\/span><\/a><span data-preserver-spaces=\"true\"> they are waiting for a potential push to $0.34 so they can hop on the bandwagon as an investor.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/dogecoin-whales-go-on-a-selling-spree-more-pain-ahead-for-doge\/\" rel=\"nofollow\">Dogecoin Whales Go on a Selling Spree: More Pain Ahead for DOGE?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Large holders offloaded 270 million DOGE ($70M) in the last 24 hours, increasing supply and signaling potential further declines if demand doesn\u2019t keep up. However, some analysts predicted a possible recovery based on DOGE\u2019s historical patterns. DOGE Bleeds Heavily Donald Trump\u2019s latest actions have seemingly had a crushing effect on the cryptocurrency sector. Recall [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11043","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11043"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11043\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}