In the past four days, Dogecoin whales have offloaded 680 million DOGE, reducing their holdings from 27.4 billion to 26.65 billion DOGE, according to analyst Ali Martinez using Santiment data. This sell-off occurred as Dogecoin's price peaked at $0.3 before declining to $0.27, indicating potential profit-taking by large holders.
Despite the significant sell-off, market sentiment remains positive. CleanCore Solutions has increased its DOGE reserves, and technical analysis shows Dogecoin's RSI at a key support level, which may help stabilize the price. The overall market outlook is bullish, with expectations of a potential upward trend similar to previous cycles.
Whales Sell 680 Million DOGE as Price Fluctuates
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.