🚨 Dogecoin Alert: Whale Exodus Sparks DOGE Support Collapse – Is a Crash Imminent?

Dogecoin's foundations are cracking. As whales flee and key support levels shatter, the meme coin faces its most critical test since 2021.

The Great DOGE Drain: On-chain data reveals staggering outflows from major holders—the kind of movement that typically precedes either a fire sale or a strategic repositioning. With trading volumes spiking 300% during the breakdown, retail traders are left guessing whether this is panic or opportunity.

Technical Breakdown: The $0.12 support level—Dogecoin's safety net for 18 months—finally gave way after seven rejection attempts. Chartists are now eyeing the next psychological barrier at $0.08, a level not seen since the 'Crypto Winter' of 2022.

Market Paradox: While DOGE bleeds out, derivatives traders keep doubling down—open interest in futures contracts actually rose 15% during the plunge. Either the smart money knows something we don't, or this is another case of 'diamond hands' turning to glass.

As one hedge fund manager quipped: 'In crypto, the line between 'HODL' and 'bagholder' is just a 60% drawdown.' Dogecoin might be about to redraw that line for everyone.

Dogecoin Price Prediction: Whale Outflows Spike as DOGE Breaks Key Support – Is a Full Breakdown Coming?

The past few days have been tough for the crypto market, with the aforementioned economic factors resulting in considerable outflows.

If we look at major crypto ETFs, we see that the seven days up to today resulted in a total outflow of $223 million, with ethereum inflows offsetting just over $400 million in Bitcoin outflows.

This has affected Dogecoin and other meme tokens, with DOGE witnessing a steep drop in volume, from $24 billion on July 21 to $1.4 billion today.

However, the coin has seen a few significant transfers away from exchanges in recent days, including two apparent buys from Robinhood (here and here).

200,000,000 #DOGE (43,428,376 USD) transferred from #Robinhood to unknown wallethttps://t.co/dTvQbLIiML

As such, the overall situation arguably isn’t as bad as it seemed last week, with the Dogecoin price and the wider market likely to recover from recent stressors.

And if we look at DOGE’s chart today, we see that the coin may have begun a bounce after hitting short-term lows.

Most notably, the token’s relative strength index (yellow) has begun rising again after touch 35 a couple of days ago.

One important point to make is that, despite last week’s correction, dogecoin remains in the middle of a bull phase, having broken out of a falling wedge a couple of months ago.

Raised ETF flows have been the primary driver of recent gains, and what’s bullish is that the market is still waiting on the possible approval of numerous XRP and solana ETFs, as well as for several other tokens.

Assuming that the SEC approves most of these later in the year, this will massively boost the Dogecoin price, which could hit $0.30 by the middle of September.

Maxi Doge Raises $300,000 in Recently Launched Presale: Is This the Next Big Meme Token?

One of the problems with Dogecoin is that it’s a well-established coin, meaning that it’s reached a size where it doesn’t make the kind of dramatic gains it did when it was younger.

However, the market is currently awash in new and interesting meme coins, with one of the newest and most intriguing being Maxi DOGE (MAXI), an ERC-20 token that launched its presale this week.

Cracked a case of RedBull and unlocked the 25th hours of the day. All I see is $MAXI. pic.twitter.com/LDEoaeAHIt

With a supply of 150.24 billion MAXI, Maxi Doge has styled itself as a harder, more bullish version of Dogecoin, aimed at trading with leverage and making huge profits.

It’s currently building up a community of traders, who will share trading strategies and participate in trading competitions and challenges, with winners rewarded in MAXI.

The coin will also maintain a Maxi Fund, equal to 25% of its total supply, which it will use to support partnerships and increase liquidity.

It has already opened its Telegram channel, and will have a Discord channel coming soon, with both serving as a hub for its community.

As an Ethereum-based token, MAXI will be open for staking, enabling holders to earn a passive income.

Investors can join its presale now by going to the Maxi Doge website, where MAXI currently costs $0.0002505.

This price will rise repeatedly during the sale, so interested buyers should act now to ensure the biggest possible gains.