🚀 Whale Alert: 155 Million DOGE Dumped on Robinhood—Is Dogecoin Gearing Up for a Price Swing?

A crypto whale just made waves by shifting a staggering 155 million Dogecoin (DOGE) to Robinhood—sparking speculation of an impending market move.

Whale Watching: Big Players Move the Market

When whales transfer this much DOGE to an exchange, it’s rarely for HODLing. The Robinhood deposit suggests a potential sell-off—or maybe just another day in the meme-coin casino.

DOGE Price Impact: Volatility Ahead?

With 155 million tokens now in play, traders are bracing for turbulence. Will retail investors panic-sell, or is this a clever shakeout before the next pump? Only time—and maybe Elon’s next tweet—will tell.

Closing Thought: In crypto, even the 'joke' assets move serious money. Just ask the hedge funds now stuck trading meme coins between golf rounds.

TLDR

• Dogecoin (DOGE) price dropped after a whale dumped 155 million tokens worth $24.6 million to Robinhood exchange
• The memecoin is trading at $0.164, showing 7% gains in 24 hours despite the large sell-off
• Exchange outflows of $18.34 million worth of DOGE suggest potential accumulation by long-term holders
• Technical analysis shows DOGE trading in a descending channel pattern with resistance at $0.165
• Historical data indicates Dogecoin could reach a new peak by August 4, 2025, following typical 119-day cycle patterns

Dogecoin faced fresh selling pressure after a major whale transferred 155 million Doge tokens worth $24.6 million to Robinhood exchange. The large transaction occurred as the memecoin reached the upper boundary of its descending channel pattern.

The whale dump followed a price rally that saw DOGE surge over 12% to an intraday high of $0.1674. However, the token has since pulled back and currently trades NEAR $0.164.

Trading volume dropped 10% from the previous day despite the price increase. This decline in volume during a rally typically signals weak momentum and raises questions about the sustainability of any upward movement.

The initial price surge came after U.S. President Donald Trump declared a cease-fire between Israel and Iran. This announcement initially boosted crypto markets before it became clear no formal agreement existed.

Iran subsequently attacked Israel, causing further price volatility across financial markets. The geopolitical tensions have contributed to DOGE’s recent price swings.

Exchange Outflows Point to Accumulation

Despite the whale selling activity, on-chain data reveals a different trend among other market participants. Exchanges recorded net outflows of over $18.34 million worth of DOGE in the past 24 hours.

These outflows suggest potential accumulation by long-term holders. When tokens leave exchanges, it typically indicates investors are moving coins to cold storage for extended holding periods.

The outflow pattern could help reduce selling pressure on the token. It also raises questions about whether current price levels represent a buying opportunity for investors.

Technical Analysis Shows Key Resistance Levels

DOGE continues trading within a prolonged descending channel pattern on daily charts. The memecoin faces resistance at both the channel’s upper boundary and the horizontal level of $0.165.

A breakout above the channel with a daily close above $0.17 could trigger a rally of 20% to 50%. However, the token must first overcome current resistance levels to achieve this scenario.

The descending channel has contained price action for an extended period. Breaking free from this pattern WOULD represent a shift in the token’s technical structure.

Historical cycle analysis provides additional context for potential price movements. Crypto analyst Javier’s research shows Dogecoin typically takes 91 to 119 days to form cycle tops, with an average of 107 days.

$DOGE has been historically printed a bottoms of 112 to 133 days, an average of 122 days. A tops of 91 to 119 days, an average of 107 days.

However i took the max duration resulting a top at 04 August.

From we are, the reversal starts from 49 to 14 days.
From next week or mid… pic.twitter.com/KwGkAigsgF

— Javier Santini (@javierosantini) June 22, 2025

Previous cycle bottoms have developed over 112 to 133 days, averaging around 122 days. This pattern has remained consistent across multiple cycles since 2017.

Based on this historical data, DOGE could reach a new peak by August 4, 2025. The analysis suggests the next reversal window falls between mid-July and early August.

DOGE dropped to approximately $0.14 in April and has respected this level despite recent selling pressure. The token’s current price action aligns with historical patterns leading to new peaks.

At press time, dogecoin trades at $0.1642, representing a 5.7% increase over the past 24 hours.