{"id":37535,"date":"2025-10-31T14:25:17","date_gmt":"2025-10-31T14:25:17","guid":{"rendered":"https:\/\/financialrush.com\/?p=37535"},"modified":"2025-10-31T14:25:17","modified_gmt":"2025-10-31T14:25:17","slug":"panic-sell-440000000-doge-dumped-in-72-hours-by-dogecoin-whales","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=37535","title":{"rendered":"Panic Sell? 440,000,000 DOGE Dumped in 72 Hours by Dogecoin Whales"},"content":{"rendered":"

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Large holders of Dogecoin have sold hundreds of millions of tokens over the past few days, raising questions about the short-term direction of the asset.<\/p>\n

Recent price movement and trading activity suggest the market is reacting to this heavy distribution.<\/p>\n

Whales Offload 440 Million DOGE<\/h2>\n

Crypto analyst Ali Martinez reported that wallets holding between 10 million and 100 million DOGE sold around 440 million tokens in a 72-hour window. The shift is visible in on-chain data, which shows a sharp drop in whale holdings. As of now, those wallets hold approximately 23.48 billion DOGE.<\/p>\n

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440 million Dogecoin $DOGE<\/a> sold in 72 hours! pic.twitter.com\/UYDwACNSvH<\/a><\/p>\n

\u2014 Ali (@ali_charts) October 31, 2025<\/a><\/p>\n<\/blockquote>\n

Dogecoin is trading near $0.19 at press time, reflecting a 2% daily loss and a 6% weekly decline. Martinez noted that over 500 million DOGE were moved by large holders in just one week, as we reported<\/a>. The timing of the sell-off lines up with the recent slide in price.<\/p>\n

Triangle Breakdown Signals Weakness<\/h2>\n

Technical charts from Trader Tardigrade show<\/a> Dogecoin breaking down from a symmetrical triangle pattern on the daily timeframe. It had been forming through October, with the recent move confirming a shift below both trendlines.<\/p>\n

<\/a>
Source: Trader Tardigrade\/X<\/figcaption><\/figure>\n

According to the chart, the break below support suggests continued downside pressure. The drop follows the earlier downtrend, supported by a steady decline in volume and momentum.<\/p>\n

On the 4-hour chart, Tardigrade noted<\/a> that Dogecoin may be bouncing from a false breakdown. The price briefly dipped below the $0.178 support level before recovering. This follows an earlier false breakout near $0.21, which failed to hold and reversed quickly.<\/p>\n

Notably, these failed moves on both sides may trap traders on the wrong side of the market. If the bounce continues, a short-term move back to $0.195 or higher is possible. Moreover, Tardigrade commented<\/a>, \u201cDogecoin has fallen into a support zone while its RSI has dropped into the oversold zone<\/em>,\u201d suggesting a reaction from buyers at this level.<\/p>\n

Long-Term Cycle Still in Play<\/h2>\n

CryptoPotato reported<\/a> that Dogecoin has followed repeating long-term cycles. Each begins with a sharp drop, followed by a sideways phase, and then a strong move higher. The first cycle ended with a gain of over 5,800%. The second peaked above 21,000%, reaching $0.74 in 2021.<\/p>\n

Meanwhile, there are early signs that a third Dogecoin cycle may be forming. A breakout has not been confirmed, but the structure remains valid (even though unlikely), with possible targets between $5 and $7.<\/p>\n

The post Panic Sell? 440,000,000 DOGE Dumped in 72 Hours by Dogecoin Whales<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n