Dogecoin News Today: Pengu Whale Nets 213% Profit in 3 Months as Dogecoin Retraces 15% After 80% Rally

Cryptocurrencies experienced heightened volatility as memecoins PENGU and DOGE showcased divergent trajectories following a 90-day investment horizon. A whale investor capitalized on the Pudgy Penguins token (PENGU) by selling 73.64 million tokens at $0.042 apiece, generating $3.13 million in USDC and netting a $2.13 million profit. The transaction, executed over three months after a $1 million initial investment, underscored the speculative dynamics of the memecoin market [1]. This move coincided with broader market weakness, as XRP (-5.50%), SOL (-4.67%), and ADA (-3.30%) faced selling pressure amid profit-taking across altcoins. PENGU’s price subsequently fell to $0.03887, a 4% daily decline, with trading volume dropping 32%, signaling waning interest in the NFT-linked project [1]. Analysts noted that while the whale’s exit reflected strategic market timing, the token’s future could hinge on its NFT ecosystem’s real-world demand.

Conversely, Dogecoin (DOGE) retracted 15% following an 80% surge that pushed its price to $0.2825 in early July, a level not seen since February. Glassnode data highlighted record six-month highs in profit-taking, as investors secured gains after a rally from $0.1577 on July 2. The token’s recent 10% pullback brought it to $0.2358, testing critical support near $0.220. Despite increased 24-hour trading volume indicating active short-term trading, the absence of sustained long-term conviction raised questions about DOGE’s resilience [2].

Michael van de Poppe, a crypto analyst, characterized the market’s correction as a temporary liquidity adjustment rather than a structural downturn. He projected further dips for Ethereum and altcoins but emphasized that declines below $3,400 for ETH could create buying opportunities. This sentiment aligned with DOGE’s trajectory, though its ability to reclaim key support levels will likely dictate its near-term direction. The broader memecoin sector remains a double-edged sword, with whale-driven exits in niche tokens like PENGU highlighting liquidity risks, while DOGE’s performance reflects its dual identity as a grassroots meme and speculative asset.

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[1] [Invezz] [https://invezz.com/news/2025/07/24/memecoin-news-pengu-whale-takes-2-1m-profit-doge-plummets-after-80-rally/](https://invezz.com/news/2025/07/24/memecoin-news-pengu-whale-takes-2-1m-profit-doge-plummets-after-80-rally/)

[2] [CryptoPotato] [https://cryptopotato.com/](https://cryptopotato.com/)