• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Whale Sales and Their Impact on Dogecoin

user avatar

by Giorgi Kostiuk

3 months ago


Recent activity from Dogecoin whales has stirred significant interest as they executed large sales, offloading around 219 million DOGE, prompting discussions about its implications for the cryptocurrency.

How Do Whale Sales Affect Dogecoin?

Data from Whale Alert shows that these substantial transactions amounted to approximately $74 million. The considerable selling by these major players has ignited speculation on the potential impact on Dogecoin’s pricing in the coming period.

Is Dogecoin’s Price Increasing Despite Challenges?

Despite these sales, Dogecoin’s price experienced a 2% uptick, currently trading at $0.334. However, trading volumes have dipped by 11%, hitting $3.46 billion, while Open Interest for Dogecoin futures saw a decline of 1.5%. This paints a picture of mixed market sentiment surrounding the coin.

Impact on Dogecoin’s Market Trends

Notably, projections indicate that DOGE may aim for the $0.35 target shortly. Moreover, Grayscale, a top cryptocurrency asset management firm, is considering DOGE and HBAR for new investment products, which could help mitigate negative market trends.

The interplay between whale activities and external influences, such as market sentiment and investment assessments, is vital for understanding the future trajectory of Dogecoin. Investors should remain vigilant as these trends unfold.

0

Share

Other news

BYDFi 5th Anniversary: Innovation and Web3 in Focus

BYDFi celebrates its 5th anniversary: history of growth and Web3 adoption.

user avatarGiorgi Kostiuk

a few seconds ago

Ethereum Price May Drop Due to Weak Stock Market

Analyst Benjamin Cowen predicts Ethereum's price may decline owing to stock market weakness and macroeconomic factors.

user avatarGiorgi Kostiuk

a few seconds ago

Trump's Tariffs Shake Crypto and Global Markets

Trump's tariffs caused a sharp drop in crypto and global markets: Fear Index plummets to 25.

user avatarGiorgi Kostiuk

a minute ago

Qubetics Cryptocurrency: Interoperability and Growth Potential

Qubetics offers unique blockchain interoperability and promises high growth potential.

user avatarGiorgi Kostiuk

a minute ago

Cryptocurrencies in National Reserve: US Initiative

Donald Trump's announcement of a US crypto reserve including Bitcoin and Ethereum sparks a global discussion on digital assets.

user avatarGiorgi Kostiuk

2 minutes ago

XRP Price Update: Preparing for a Downturn?

XRP holds near the $2 level; market analysis shows potential shifts in the crypto market.

user avatarGiorgi Kostiuk

8 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.