Dogecoin Whales Dump 3 Billion DOGE, Sparking Meme-Coin Selloff
On-chain monitoring shows Dogecoin's largest wallets have offloaded around 3 billion DOGE in recent sessions, routing funds through multiple addresses and exchanges. The transfers were executed without fanfare but coincided with thinner order books and increased selling pressure, contributing to sharper intraday swings in DOGE and other meme tokens during the ongoing market weakness.
The move matters because concentrated whale selling can quickly erode liquidity and amplify losses for retail holders and correlated altcoins. While profit-taking or portfolio rebalancing are possible explanations, the pattern raises the risk of follow-on liquidations if volatility continues. Traders and observers should watch exchange inflows, stablecoin balances and open interest for clues about further downside or rotation into safer assets as the situation develops.