Dormant Dogecoin Whale Awakens with $2.9 Million Move — Could This Be the Turning Point for DOGE?

Jakarta, Pintu News – As reported by AMB Crypto, Dogecoin (DOGE) has continued to experience bearish pressure since dropping from the $0.30 level about a month ago. The meme coin has fallen by 13.2% in the monthly chart and is trading at $0.2028 at the time of this report, up 1.56% in the last 24 hours.

Despite the continued weakness in prices, data shows that whales seem to have started accumulating quietly.

Long-Dormant Dogecoin Whale Reappears After 11 Months

According to data from Onchain Lens, a Dogecoin whale that was previously inactive for 11 months has returned to activity. The whale withdrew 15.115 million DOGE worth about $2.95 million from Binance.

Read also: Dogecoin Price Up 5% Today: Whale Crypto Buys $134 Also DOGE!

In addition, the whale also sold 7,473 DOGE for $1,450 USDT, and his wallet address currently holds around 15.19 million DOGE, valued at $12.96 million.

The reactivation of long-sleeping whale accounts is often taken as a signal of confidence from Smart Money in the potential for price recovery in the medium to long term. This suggests that big players see value in the current price levels and expect the next phase of the market to lead to a gradual bullish trend.

Retail Traders Continue to Sell, Despite Whale Buying

While whales appear to be accumulating Dogecoin, retail traders are exhibiting the opposite behavior-they continue to sell. Historical data shows that a return to whale activity often coincides with a decline in retail trader participation.

According to analysis from CryptoQuant, the Spot Taker CVD indicator remained in negative territory throughout the month of October, signaling the continued dominance of the Sell Takers. This reflects aggressive selling pressure from spot traders.

Correspondingly, data from Coinalyze also shows that Delta’s Buy-Sell has been in a negative trend for most of the last 30 days.

At the time of this report, DOGE’s sell volume stood at 156.67 million, while its buy volume stood at 154.88 million DOGE – resulting in a negative delta of 1.79 million DOGE.

This ongoing imbalance highlights that market sentiment remains bearish, despite signs of accumulation from the whales.

Read also: Nasdaq-Listed Bonk Holdings Buys $32 Million Worth of BONK Tokens!

DOGE faces key resistance at $0.20 level

According to a report from AMBCrypto, Dogecoin is still stuck in a consolidation phase as the battle between the buyers (bulls) and sellers (bears) continues to take control of the market. Although on-chain data shows accumulation, DOGE’s price movement is still struggling to break through important short-term resistance levels.

Currently, the DOGE is trading below the 20, 50, 100, and 200 EMA lines-signaling strong bearish pressure. The Directional Movement Index (DMI) indicator also reinforces this signal, with the Positive Index hovering around 12 and the Negative Index close to 39.

To reverse this trend, buyers need to push the price to break above the 20 EMA line (around $0.20), and then reclaim the 50-100 EMA area around $0.21. If that works, DOGE could potentially rise to the $0.22 range in the medium term.

However, if the pressure from sellers remains dominant, DOGE price is likely to move sideways between $0.17 to $0.20-making the overall trend direction uncertain.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin 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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• AMB Crypto. Dogecoin whale awakens with $2.9 mln move; Is this DOGE’s turning point?. Accessed on October 27, 2025