Dogecoin’s Recovery Stumbles as $20 Million Whale Transfer Hits the Market

Jakarta, Pintu News – A large-scale Dogecoin (DOGE) transaction appeared on the blockchain and immediately caught the attention of crypto analysts and investors. Whale Alert, a blockchain activity tracking service, detected a transfer of 203,556,622 DOGE tokens – worth approximately $20 million – from an unidentified wallet to the Robinhood (HOODX) platform on February 7, 2026.

So, how is the Dogecoin price moving today?

Dogecoin price drops 1.10% in 24 hours

On February 9, 2026, Dogecoin’s price slipped 1.10% over the past 24 hours, trading at $0.09642, which is equivalent to around IDR1,623. During that period, DOGE moved within a 24-hour range of roughly IDR1,666 to IDR1,611.

At the time of writing, Dogecoin’s market capitalization is around IDR274.93 trillion, with a 24-hour trading volume of approximately IDR15.54 trillion.

Read also: Ethereum Price Hits $2,000 as ETH Remains Trapped in Key Resistance Zone

DOGE’s $20 Million Move

The transaction was one of a number of large movements recently observed on the Dogecoin network. A few days earlier, on February 4, another large transfer occurred when 277,731,894 DOGE worth approximately 29.5 million US dollars were sent from an unknown source to the same exchange platform.

This series of transfers came amidst a significant recovery in the Dogecoin price. As of February 8, 2026, the DOGE price had risen by around 0.04% and was trading at around 0.09855 US dollars when this news was written. This increase marks a reversal from the selling pressure that dominated trading earlier in the week.

Read also: 3 Meme Coins That Stole the Spotlight in the First Week of February 2026

Market Volatility Shakes Up Crypto Sector

The overall crypto market is still struggling to stabilize after a massive sell-off in October that eroded investor confidence. Major digital assets continue to face sustained selling pressure as many market participants choose to close their positions.

This week, price volatility in the crypto market intensified. Many leveraged positions were liquidated quickly, triggering a chain effect across the market. Bitcoin, Ethereum, and other leading cryptos recorded significant declines as traders reduced exposure to risky assets.

The timing of these whale transfers coincided with broader market turbulence. Investors are showing an increasingly cautious attitude, shifting funds away from speculative instruments towards assets that are considered safer. This shift in sentiment creates challenging conditions for digital asset markets.

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*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 and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpaper. Dogecoin Whale Alert: $20M Transfer Coincides With Market Recovery. Accessed on February 9, 2026