Dogecoin News Today: Major Dogecoin Holder Sells $250,000 Amid 6.2% Weekly Price Drop

A major Dogecoin (DOGE) holder executed a $250,000 sell-off on August 10, 2025, at a price of $0.223 per coin, marking a significant on-chain event that reflected growing bearish sentiment in the DOGE market [1]. This transaction came after failed attempts to push the price beyond the $0.23 resistance level, a key psychological threshold for investors. The move followed a broader pattern of selling pressure and indicated that influential market participants were losing confidence in DOGE’s near-term price trajectory. The outflow occurred amid a 6.2% weekly decline in DOGE’s price, fueled by concerns over a potential 51% attack threat from the Qubic community and ongoing liquidity concerns.

Simultaneously, the same trader was observed allocating capital into UNIL, a token linked to the TON-based Unilend protocol [1]. This reallocation highlights a strategic shift in risk exposure, with the trader favoring a project that promises AI-driven infrastructure and utility in the blockchain and hedge fund sectors. The UNIL token, currently priced at $0.0108, is in its Stage 7 presale, having already raised $13 million in funding. Analysts suggest that UNIL’s combination of AI portfolio management, market pulse analytics, and tokenized ROI tracking could offer superior returns compared to DOGE in the long term. The trader’s move was likely influenced by the perception that UNIL, while less volatile, may provide better fundamentals and growth potential.

The timing of the DOGE sell-off and UNIL accumulation is noteworthy. DOGE had previously seen a bullish trend from $0.19 to $0.24 in August 2025, but the reversal coincided with rising fear of a potential 51% attack on the Dogecoin blockchain [1]. With 300 votes cast in favor of targeting DOGE in the Qubic community, many investors opted to liquidate positions to avoid potential losses. This fear-driven exit further reinforced the bearish bias, contributing to the 24-hour $250,000 sell-off and reinforcing downward pressure on DOGE’s price.

The shift from DOGE to UNIL is indicative of a broader trend in on-chain behavior during periods of heightened uncertainty. Large investors, or “whales,” often serve as market sentiment barometers, and their actions can trigger cascading effects. In this case, the move from a meme-based asset to a more utility-driven one suggests a growing preference for projects with clearer use cases and technological foundations. While DOGE remains a high-volume asset with a large community, the recent outflows indicate that investors are increasingly prioritizing fundamentals and risk mitigation.

This event also underscores the growing importance of on-chain analytics in the crypto space. Large transactions by influential holders can act as early indicators of market turning points. Traders and investors are advised to monitor similar movements closely, as they can signal broader trends and potential price inflection points. The current shift in capital from DOGE to UNIL reflects a calculated attempt to de-risk and position for more favorable market conditions in the near future.

Source: [1] [Mitrade](https://www.mitrade.com/zh/insights/news/live-news/article-3-1051121-20250819)