{"id":21432,"date":"2025-04-10T06:46:53","date_gmt":"2025-04-10T06:46:53","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21432"},"modified":"2025-04-10T06:46:53","modified_gmt":"2025-04-10T06:46:53","slug":"dogecoin-whales-offload-billions-of-tokens-further-price-crash-incoming","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21432","title":{"rendered":"Dogecoin Whales Offload Billions of Tokens: Further Price Crash Incoming?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Large investors parted with almost $200 million worth of DOGE in the last two days.<\/span><\/li>\n<li>Their actions could lead to panic among smaller players and set the stage for a further price decline for the meme coin.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE_CB-6.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-391595\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE_CB-6.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE_CB-6.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE_CB-6-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE_CB-6-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE_CB-6-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE_CB-6-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Whales Are Cashing Out<\/h2>\n<p><span data-preserver-spaces=\"true\">The latest crash of the cryptocurrency sector did not spare Dogecoin, whose price tanked to as low as $0.13 on April 7. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> was the lowest point observed since October 2024. In the following days, the meme coin experienced a minor resurgence and currently trades at roughly $0.14 (per CoinGecko\u2019s data), representing a 16% plunge <\/span><span data-preserver-spaces=\"true\">on a weekly basis<\/span><span data-preserver-spaces=\"true\">.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_391599\" aria-describedby=\"caption-attachment-391599\" style=\"width: 574px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE-Price-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-391599\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE-Price-1.png\" alt=\"DOGE Price\" width=\"574\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE-Price-1.png 1050w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE-Price-1-300x209.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE-Price-1-1024x714.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE-Price-1-768x535.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE-Price-1-50x35.png 50w\" sizes=\"auto, (max-width: 574px) 100vw, 574px\"><\/a><figcaption id=\"caption-attachment-391599\" class=\"wp-caption-text\">DOGE Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Amid the downfall in the past 48 hours, large investors <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1909850010184822992\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">dumped<\/span><\/a><span data-preserver-spaces=\"true\"> 1.32 billion DOGE.\u00a0The stash equals over $190 million (calculated at current rates).\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to Ali Martinez, whales (those who hold at least one million tokens) now hold around 70.5 billion DOGE or approximately 47% of the meme coin\u2019s circulating supply.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The whales\u2019 selling spree increases the amount of tokens in circulation and could be followed by a further price retreat if demand remains the same or weakens. <\/span><span data-preserver-spaces=\"true\">Furthermore, their actions could trigger panic within the community, prompting smaller investors to sell as well, <\/span><span data-preserver-spaces=\"true\">which would intensify the downward pressure on the price.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">DOGE ETP Fails to Reverse the Trend<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Earlier today (April 9), the leading issuer of crypto exchange-traded products 21Shares <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/04\/09\/3058135\/0\/en\/21Shares-Forms-Exclusive-Partnership-with-the-House-of-Doge-to-Launch-Dogecoin-ETP-in-Europe.html\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">introduced<\/span><\/a><span data-preserver-spaces=\"true\"> a Dogecoin ETP which will be listed on the SIX Swiss Exchange (ticker: DOGE) The <\/span><span data-preserver-spaces=\"true\">launch of the financial instrument<\/span><span data-preserver-spaces=\"true\"> comes after an exclusive partnership with the House of Doge.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The company behind the product explained that 21Shares Dogecoin ETP\u00a0is\u00a0100% physically backed, \u201coffering a\u00a0transparent and seamless way\u201d for investors to gain exposure to the asset through traditional financial channels.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">DOGE registered little-to-no price movements on the news and remains deep in red territory. Perhaps launching a spot Dogecoin exchange-traded fund (ETF) will have a more positive impact.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Bitwise and Grayscale are among the prominent firms that intend to introduce this type of investment vehicle. <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/polymarket.com\/event\/doge-etf-approved-in-2025?tid=1744201856704\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">According<\/span><\/a><span data-preserver-spaces=\"true\"> to Polymarket, the likelihood of approval by the end of 2025 is currently around 64%.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/dogecoin-whales-offload-billions-of-tokens-further-price-crash-incoming\/\" rel=\"nofollow\">Dogecoin Whales Offload Billions of Tokens: Further Price Crash Incoming?<\/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 investors parted with almost $200 million worth of DOGE in the last two days. Their actions could lead to panic among smaller players and set the stage for a further price decline for the meme coin. Whales Are Cashing Out The latest crash of the cryptocurrency sector did not spare Dogecoin, whose price [&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-21432","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\/21432","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=21432"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21432\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}