Dogecoin News Today: DOGE's $0.18 Crossroads: Whale Exodus vs. Accumulation Drives Uncertain Fate

Dogecoin (DOGE) is facing renewed volatility as whale activity intensifies, with major holders offloading hundreds of millions of tokens in a short span. On-chain data from Santiment reveals that wallets holding between 10 million and 100 million DOGE sold approximately 440 million tokens within 72 hours, reducing their share of the total supply from 15.51% to 15.15%, according to a Blockonomi report. This mass distribution coincided with a sharp price decline, pushing DOGE to $0.18, a level now under scrutiny as critical support, according to a Crypto.news article.

The selling pressure has sparked debates about whether the move reflects profit-taking or a broader shift in whale strategy. Mid-tier holders have aggressively trimmed positions, while larger wallets—those with over 100 million DOGE—have quietly increased their stake from 19.28% to 19.46% of the total supply, the Blockonomi report adds. This divergence highlights a redistribution of holdings, with top-tier players accumulating as smaller whales exit. Meanwhile, wallets holding between 100,000 and 10 million DOGE have maintained steady positions, adopting a neutral stance amid the turbulence in a TradingView article.

Technical analysts are closely watching the $0.18 level, which has held as a key support point despite the recent selloff. A breakdown below this level could trigger further declines, while a sustained rebound might set the stage for a rally toward $0.26 or even $0.33, according to crypto analyst Ali Martinez. His analysis points to an ascending channel pattern, suggesting that DOGE could retest previous highs if buyers step in. Blockonomi also cites a Bitcoinsensus projection of a more ambitious recovery, which based on historical cycles could push DOGE toward $1.70.

The broader crypto market context adds complexity to the narrative. Ethereum and Solana whales have also been active, with a major Ethereum holder selling 30,300 ETH ($99.36 million) since 2025, according to a Lookonchain report, while a Solana whale moved $40 million worth of SOL to Coinbase amid ETF launches, as noted in a Coinotag article. These movements underscore a trend of long-term holders monetizing gains as institutional interest in crypto grows. For Dogecoin, the interplay between whale behavior and macroeconomic factors—such as ETF inflows and market sentiment—will likely dictate near-term price action.

Investors remain divided on the implications of the recent whale activity. While some view the selloff as a temporary overhang, others warn that continued distribution could undermine DOGE's recovery prospects. The coming days will be critical in determining whether $0.18 holds or succumbs to downward pressure, with volume and institutional buying activity serving as key indicators, analysts at Crypto.news note.