A significant sell-off by DOGE whales has led to a notable price drop for the cryptocurrency. On-chain data reveals that over the past 72 hours, large holders have offloaded 440 million DOGE tokens, worth approximately $81.4 million. This activity has contributed to the token's price decline to $0.18, with the current support level being tested. Analyst Ali Martinez pointed out a marked decrease in whale holdings, as indicated by Santiment's 'Supply Distribution' metric. Despite the recent downturn, if bulls manage to maintain the price above $0.18, potential recovery targets could be $0.25 and $0.33. At the time of reporting, DOGE was trading at around $0.185, reflecting a nearly 6% decrease over the past week.