Dogecoin Latest Updates: Massive Whale Sell-Off Triggers DOGE Plunge as $0.18 Floor Collapses

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Dogecoin Latest Updates: Massive Whale Sell-Off Triggers DOGE Plunge as $0.18 Floor Collapses

Bitget-RWA2025/11/03 11:44

By:Bitget-RWA

- Dogecoin fell below $0.18 as whale selloffs and institutional offloading intensified, triggering bearish momentum. - On-chain data showed 440M DOGE liquidated by mid-tier holders, with technical indicators like death crosses confirming downward pressure. - Analysts warn $0.18 support failure could drive prices toward $0.07, while top-tier holders increased supply share to 19.46% amid selloff. - Upcoming $17.8M DOGE unlocks and Fed policy trajectory may influence volatility, with traders treating rallies

Dogecoin has dropped below the important $0.18 support, with increased selling pressure from large investors and institutions signaling a deepening distribution trend.

memecoin

slipped to $0.1740 on Tuesday, down 1.3%, as mid-sized holders accelerated their sales. Blockchain data shows that wallets holding between 10 and 100 million

DOGE

offloaded 440 million tokens over three days, reducing their combined share from 15.51% to 15.15%, based on a

Coindesk analysis

. This is among the most significant short-term whale sell-offs in recent months, adding to the downward momentum.

Technical signals point to continued weakness. In late October, a "death cross" appeared as the 50-day EMA crossed below the 200-day EMA, and the 100-day EMA is close to forming a similar pattern, according to

Yahoo Finance

. The price has consistently set lower highs and failed to break above $0.1870 after three attempts. Trading volume has jumped 44% above the weekly average, with a $26.8 million whale transfer to Binance coinciding with the session’s largest volume spike, according to a

Yahoo report

. Experts caution that if DOGE stays below $0.18, it could trigger a drop toward $0.07, where 28.3 billion DOGE (18.6% of the total supply) is concentrated.

Dogecoin Latest Updates: Massive Whale Sell-Off Triggers DOGE Plunge as $0.18 Floor Collapses image 0

This decline stands in contrast to the broader crypto market, where

Bitcoin

and other major altcoins have risen. DOGE’s lag behind the CD5 index widened by more than 2% in the past day. Whale activity highlights further weakness: transactions over $100,000 spiked to 119 on October 30 before plunging to just 15, indicating a rapid move from heavy selling to inactivity, as reported by

Blockonomi

. At the same time, the largest holders with more than 100 million DOGE have increased their share to 19.46%, suggesting they are accumulating during the sell-off, according to a

TradingView report

Market participants are watching to see if buyers can maintain support at $0.18, which marks the lower edge of an upward channel that has been in place since mid-August. A strong bounce above $0.1860, especially with higher volume, could reverse the negative trend, but sentiment remains cautious. Analyst Ali Martinez commented, "If $0.18 fails to hold, DOGE could fall toward $0.07, but a successful defense might spark a rally to $0.26 or $0.33." Futures data shows open interest has dropped 61% from October highs, suggesting most leveraged traders have exited.

Looking ahead, $17.8 million in DOGE is set to be unlocked in late November, according to

Coinpedia

, which could bring more short-term price swings. Broader economic factors, such as the U.S. Federal Reserve’s policy decisions, may also impact risk appetite. For now, DOGE remains technically vulnerable, with traders treating any rallies as chances to exit rather than signs of a new uptrend.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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