Dogecoin Whales Offload Over 1.32 Billion DOGE In 48 Hours – Risk-Off Or Panic Selling?

dogecoin-whales-offload-over-1.32-billion-doge-in-48-hours-–-risk-off-or-panic-selling?
Dogecoin Whales Offload Over 1.32 Billion DOGE In 48 Hours – Risk-Off Or Panic Selling?

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Dogecoin is once again in the spotlight, but for all the wrong reasons. The popular meme coin has experienced massive selling pressure over the last few days, driven by heightened global tensions and ongoing macroeconomic uncertainty. On Monday, DOGE set a fresh local low around $0.129, further confirming the downtrend that has been building over the past few weeks.

The market sentiment around Dogecoin has quickly shifted from cautious optimism to defensive positioning, as investors react to a risk-off environment affecting both traditional and crypto markets. Adding fuel to the bearish fire, data from Santiment reveals that Dogecoin whales have sold more than 1.32 billion DOGE in the past 48 hours alone — a move that raises questions about broader market confidence.

Is this massive selloff part of a strategic rebalancing from large holders, or is it a sign of panic selling amid deepening volatility? What’s certain is that DOGE is entering a critical phase. If buyers fail to step in soon, the path of least resistance could be lower. As whales exit and prices falter, the coming days could define whether Dogecoin stabilizes — or spirals further.

Dogecoin Slides Further As Whale Selloff Signals Deepening Bear Trend

Dogecoin has now lost more than 70% of its value since December, with no clear signs of a recovery in sight. The meme coin, once a symbol of bullish enthusiasm and retail speculation, is now leading the decline in the altcoin space as market conditions worsen. Growing macroeconomic uncertainty continues to weigh heavily on risk assets, and meme coins like Dogecoin have been the most affected.

The pressure isn’t just coming from within the crypto market. Broader financial instability — particularly triggered by escalating global tensions — is accelerating the selloff. U.S. President Donald Trump’s latest round of aggressive tariffs and China’s retaliatory stance have stoked fears of a full-blown trade war. As global markets reel from this uncertainty, investors are pulling back from speculative assets, sending DOGE deeper into bearish territory.

Adding to the bleak outlook, top analyst Ali Martinez shared data from Santiment revealing that whales have sold over 1.32 billion Dogecoin in just the past 48 hours. This significant outflow is a clear reflection of the risk-off sentiment dominating the market. According to Martinez, this behavior is likely driven by panic and growing expectations that a prolonged bear market is developing.

Dogecoin whales offload 1.32B DOGE in 48H | Source: Ali Martinez on X
Dogecoin whales offload 1.32B DOGE in 48H | Source: Ali Martinez on X

Until sentiment shifts and macro conditions stabilize, Dogecoin’s path remains precarious. The combination of whale dumping, market-wide fear, and global economic strain may keep DOGE under pressure in the near term. Bulls will need to reclaim key levels quickly to avoid a deeper collapse — but for now, the trend remains firmly bearish.

Bulls Struggle At Key Level As Selling Pressure Persists

Dogecoin is trading at $0.14, nearly 75% below its 200-day moving average around $0.25 — a striking indicator of how far the meme coin has fallen. The downtrend accelerated when DOGE lost support at the $0.25 level, and since then, bulls have failed to mount any meaningful recovery. Continued macroeconomic stress and weak investor sentiment have only added to the selling pressure, dragging prices lower with each passing week.

DOGE setting fresh a low | Source: DOGEUSDT Chart on TradingView
DOGE setting fresh a low | Source: DOGEUSDT Chart on TradingView

For Dogecoin to begin a potential recovery phase, holding above the $0.15 level is critical. This zone could act as a short-term support base, giving bulls a chance to regroup. However, merely stabilizing isn’t enough. A push toward the $0.20 mark is needed to reestablish momentum and break the current bearish structure. Reclaiming that level would also bring DOGE closer to its 200-day MA, a key technical milestone for trend reversal.

On the downside, losing the $0.14–$0.15 area could open the door to deeper losses. If support fails to hold, a quick move toward the $0.10 level is possible — potentially signaling a return to bear market lows. For now, DOGE remains under heavy pressure, with bulls on the defensive and time running out to avoid another breakdown.

Featured image from Dall-E, chart from TradingView 

Sebastian Villafuerte

Sebastian’s journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.

To share his insights with others, Sebastian became an active contributor to online discussions on platforms like X and LinkedIn. His focus on fintech and crypto-related topics quickly established him as a trusted voice in the online crypto community. Sebastian’s goal was to educate and inform his audience about the latest trends and insights in the rapidly evolving crypto landscape.

To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance and decentralized finance. The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.

Sebastian’s passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K reports, or engaging in thought-provoking discussions about the future of finance.

Sebastian’s journey as a crypto pioneer has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable contributor to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and helping to shape the future of this revolutionary technology.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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