Dogecoin News Today: Whales Flee DOGE Amid 45% Drop as RTX Emerges as PayFi Hope

Dogecoin (DOGE) has seen significant on-chain and technical indicators pointing to a potential bearish trend, with its price currently trading around $0.22 as of the latest data. A recent 24% price decline from a multi-month high of $0.28 has triggered offloading by large holders, or “whales,” signaling reduced confidence in a near-term rebound. According to Santiment data, the number of wallets holding between $10-$100 million in DOGE has dropped by 6% since late July. This movement aligns with a notable transaction flagged by Whale Alert, in which 900 million DOGE—worth over $200 million—was transferred to Binance, raising concerns over increased short-term sell pressure [1].

On-chain metrics further suggest a waning in investor interest. Futures open interest (OI) for DOGE has fallen to $3.24 billion, down from a peak of $5.35 billion on July 22, marking an 8% decline since the beginning of the week. This drop signals reduced speculative positioning and fewer traders betting on a near-term price rebound. Meanwhile, the number of daily active addresses on the Dogecoin network has sharply declined to 58,000, a stark drop from its peak of 1.65 million in Q4/2024 and 674,500 in July. This indicates weak network activity and possibly declining retail participation [1].

From a technical standpoint, DOGE is currently retesting the support level of a rising wedge pattern, a bearish reversal formation that could lead to a 45% price drop if broken. The cryptocurrency’s price is currently hovering around $0.218, the lower trendline of the wedge. A break below this level could trigger a deeper decline toward $0.12. The RSI has also weakened, falling from overbought conditions at 85 on July 20 to 49, indicating that bearish momentum has been steadily building. Analysts note that DOGE must hold above $0.19-$0.20 or the 100-day and 200-day moving averages to avoid further declines toward $0.16 [1].

In contrast to the cautious outlook for DOGE, another altcoin—Remittix (RTX)—has attracted attention as a potential high-growth opportunity. RTX is currently trading at $0.0987 and has already raised over $21.5 million in its presale, with 621 million tokens sold. The project, described by some as “XRP 2.0,” focuses on real-world utility in global payments, offering features such as cross-chain DeFi integration, low gas fees, and fiat-crypto conversion. Remittix plans to launch its beta wallet in Q3 2025, enabling users to send over 40 cryptocurrencies and support 30+ fiat currencies in real time. This utility-driven approach has drawn both retail and institutional interest [3].

The growing traction of Remittix is also supported by its first listing on BitMart, which was unlocked after reaching the $21.5 million presale milestone. The project’s roadmap includes additional CEX listings and a $250,000 community giveaway to boost early adoption. Analysts suggest that with its combination of real-world payment utility and liquidity-driven structure, Remittix could emerge as one of the fastest-growing altcoins in 2025 [3].

Given the current trends, market participants are increasingly shifting their focus from speculative assets like DOGE toward projects with clear utility and growth potential. While Dogecoin continues to face bearish pressures, Remittix’s presale success and technological roadmap position it as a compelling alternative in the PayFi space.

Source:

[1] Dogecoin whales de-risk as DOGE price is in danger ... (https://cointelegraph.com/news/dogecoin-whales-de-risk-doge-price-dropping-45-percent)

[2] Dogecoin Price Chart Today - Live DOGE/USD (https://goldprice.org/cryptocurrency-price/dogecoin-price)

[3] XRP Price Predictions See Ripple Trading Above $5 In ... (https://coindoo.com/xrp-price-predictions-see-ripple-trading-above-5-in-2026-what-this-means-for-xrp-2-0-remittix)