Dogecoin (DOGE) holders are facing significant losses after a 9.5% intraday loss to trade at $0.215 at press time. Dogecoin price is plunging as whales exit their positions, and long traders unwind their positions, causing additional sell-side pressure. The technical outlook suggests that the meme coin may continue with the downtrend. Dogecoin Price Dips as Whales Dump 170M DOGE Dogecoin’s price is under bearish pressure this weekend due to a meme coin market crash, as it fell to a one-week low on Saturday. The decline follows a drastic surge in whale selling activity, highlighting a negative outlook from these traders as they anticipate that this top meme coin is going to face further losses. Data from Santiment shows that within 24 hours, the whales holding between 10M and 100M DOGE reduced their holdings from 23.91 billion to 23.74 billion. This highlights a sale of more than 170M tokens within 24… Read More at Coingape.com
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