Dogecoin News Update: DOGE at $0.18—Will Major Holders Exit or Accumulate as Its Future Remains Unclear

Dogecoin (DOGE) is experiencing heightened price swings as large holders, or whales, ramp up their activity, unloading vast amounts of tokens in a brief period. Data from Santiment shows that wallets containing between 10 million and 100 million

collectively sold around 440 million tokens over three days, dropping their portion of the total supply from 15.51% to 15.15%, as reported by . This significant sell-off happened alongside a steep price drop, sending DOGE down to $0.18—a level now seen as a crucial support zone, according to .

This wave of selling has fueled discussions about whether whales are simply taking profits or signaling a shift in their overall approach. While mid-sized holders have been quick to reduce their exposure, the largest wallets—those holding more than 100 million DOGE—have quietly boosted their share from 19.28% to 19.46%, Blockonomi notes. This contrast points to a redistribution, with major players accumulating as smaller whales exit. At the same time, wallets with between 100,000 and 10 million DOGE have kept their holdings steady, maintaining a neutral position despite the market’s volatility, according to

.

Market technicians are paying close attention to the $0.18 mark, which has so far acted as a strong support despite recent selling. If DOGE falls below this threshold, it could open the door to deeper losses, but a solid bounce might pave the way for a move toward $0.26 or even $0.33, according to crypto analyst Ali Martinez. Martinez’s review highlights an upward channel pattern, indicating that DOGE could revisit previous peaks if buyers return. Blockonomi also references a forecast from Bitcoinsensus, which, based on historical trends, envisions DOGE potentially reaching $1.70 in a robust recovery.

Wider market dynamics add further layers to the story.

and whales have also been making moves, with a major Ethereum investor selling 30,300 ETH (worth $99.36 million) since 2025, according to , while a Solana whale transferred $40 million in to Coinbase during the ETF rollout, as reported by . These actions highlight a broader pattern of long-term holders cashing out as institutional interest in crypto assets rises. For , the relationship between whale maneuvers and larger economic trends—such as ETF inflows and shifting market sentiment—will likely steer short-term price movements.

Market participants remain split on what the recent whale sell-off means. Some see it as a short-term setback, while others caution that ongoing distribution could hinder DOGE’s ability to rebound. The next few days will be pivotal in determining whether the $0.18 support holds or gives way, with trading volume and institutional buying activity serving as important signals, according to analysts at Crypto.news.