Dogecoin Drops 18%, But Whale Withdraws 122 Million DOGE from Binance – Quiet Accumulation?

Jakarta, Pintu News – While the price of Dogecoin (DOGE) has fallen nearly 18% in the past week, on-chain activity has seen big moves from one of the biggest crypto whales.

According to data from Whale Alert, a total of 122.4 million DOGE – wortharound $28.5 million – has beenwithdrawn from Binance to private wallets. This move suggests that large investors may be accumulating DOGE at bargain prices, preparing for long-term positions.

What happened?

In a recent report, the sending wallet used in this large transaction was identified as belonging to the Binance exchange, while the receiving wallet is unknown, most likely a self-custody wallet belonging to an institutional investor or wealthy individual.

This action is classified as Exchange Outflow, which is the flow out of exchanges to personal wallets. Historically, such flows have been considered a bullish indication as they indicate an intention to hold assets long-term, rather than sell them in the near future.

Also Read: 5 Big Impacts of US Crypto Regulation: Novogratz Predicts Market Cycles Will Change Forever

Why Do Whales Do This When Prices Fall?

Dogecoin’s price briefly touched $0.23, down more than 4.5% in the last 24 hours. However, for large investors, sharp corrections like this are often seen as buying opportunities rather than risks.

Ali Martinez, a renowned crypto analyst, noted that the DOGE whale group (which holds 100 million to 1 billion tokens) has added more than 2 billion DOGE to their portfolio in just the past few days – worth about $465 million.

This is a strong signal that accumulation is taking place, even though the general market sentiment looks bearish.

What Does It Mean for Retail Investors?

While the price of DOGE is depressed, accumulation by large investors often marks the final phase of a major downturn. In many previous crypto cycles, a surge in whale accumulation activity preceded a significant rebound a few weeks later.

It should be noted, however, that not all exchange outflows mean that prices will rise immediately. This action could reflect long-term confidence, rather than short-term movements.

Conclusion: Secretly Bullish?

• Dogecoin is experiencing a significant decline, dropping up to 18% in a week.
• However, Whale withdrew 122 million DOGE from Binance to a personal wallet.
• The overall DOGE whale group has added 2 billion DOGE in the past few days.
• This movement indicates potential accumulation at low prices.
• Although short-term prices are still under pressure, this on-chain signal could be a positive medium to long-term sign.

Also Read: 7 Astonishing Facts: Number of Crypto Billionaires to Rise 40% by 2025, Who Benefits?

Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Source:

• NewsBTC – Dogecoin Down 18%, But Whale Withdraws 122 Million DOGE From Binance. Accessed September 26, 2025