Dogecoin Whales Dump Holdings—Retail Traders Left Holding the Meme Bag

Dogecoin’s ’diamond hands’ are cracking. Long-term holders just triggered a sell-off, flooding the market with DOGE—and proving once again that crypto’s ’people’s currency’ still bows to the whims of early whales.

The memecoin that refused to die now faces its toughest test since the 2021 hype cycle. On-chain data shows wallets holding DOGE for 1+ years have been quietly cashing out since April, just as the token briefly reclaimed its $0.20 psychological resistance level.

This isn’t FUD—it’s basic economics. When the crowd finally gets bullish, smart money exits stage left. The real question? Whether Dogecoin’s cult-like community can absorb this sell pressure without another 60% haircut.

Funny how a joke currency now follows the same playbook as Wall Street insiders. Maybe Satoshi should’ve coded in a ’no paper hands’ clause.

However, sustained sell-offs from long-term wallets could undermine this strength and trigger a swift reversal.

DOGE currently trades NEAR $0.234, but analysts are eyeing $0.220 as a key level to watch. A break below could send the coin sliding toward $0.198, wiping out much of the recent gains.

With whales quietly exiting and macro sentiment turning cautious, Dogecoin’s next MOVE will likely hinge on whether buyers can absorb the pressure — or fold under it.