Dogecoin (DOGE) Takes a Nosedive Amid Whale Activity
Dogecoin (DOGE) took a nosedive after massive whale activity sent shockwaves through the market. For better context, CNF had also anticipated a Dogecoin (DOGE) alternative set to reach $1 in 2025—currently trading at only $0.02.
On April 7 and 8, wallets holding over a billion DOGE each dumped a combined 1.32 billion tokens, according to on-chain analyst Ali Martinez, who shared the data in a tweet. Whales sold over 1.32 billion Dogecoin (DOGE) in the last 48 hours, as shown by data from Santimentfeed.
Whales sold over 1.32 billion #Dogecoin $DOGE in the last 48 hours, as shown by data from @santimentfeed! pic.twitter.com/K3n6sD03Kl — Ali (@ali_charts) April 9, 2025
This triggered a swift price drop from $0.168 to a low of $0.131—a 22% fall in just days. The move followed a broader pullback from DOGE’s local high of $0.206 on March 25, signaling increasing market stress.
Whales Stir Panic Amid Global Market Jitters
While the selloff alone would’ve been enough to raise eyebrows, it was amplified by global market volatility. As tensions between the U.S. and China intensified—especially after China imposed an 84% tariff on U.S. car imports—investors across the board began offloading riskier assets.
Bitcoin, often a bellwether for crypto sentiment, dropped below $68K, sending ripple effects across the altcoin space. DOGE, being highly sentiment-driven, wasn’t spared. The timing of the whale transactions points to a tactical retreat as prices began to decline—adding pressure just as retail sentiment faltered.
According to more recent updates, the massive transfers tracked by both Whale Alert and Santiment weren’t just random—they were strategic.
Profitability Still Gives DOGE Breathing Room
Despite the panic, all isn’t lost. Data from Glassnode shows 50.8% of DOGE holders remain in profit—better than Ethereum (31.6%) or Solana (44.9%).
According to the updates, Dogecoin lags behind XRP (81.6%) and TRX (84.6%) in year-to-date gains. This middle-of-the-pack position gives DOGE some cushion but little clarity on short-term direction.
Where DOGE Stands Now
In short: DOGE isn’t out of the woods yet, but it’s not completely sinking either. The next few days will be critical.
Specifically, CNF previously reported that crypto insiders have identified a bullish token that could overshadow Dogecoin (DOGE) in 2025 with a projected 23,570% price rally.
As of now, Dogecoin is trading around $0.1577, rebounding slightly from recent lows. CoinMarketCap shows a mild 9.25% uptick. See DOGE Price chart below.