Dogecoin Just Took a Hit—but a Whale Dropped 155M DOGE!

Jakarta, Pintu News – Amidst ongoing geopolitical tensions, Dogecoin(DOGE) is showing a very high level of volatility.

On June 25, the memecoin experienced a price spike of more than 7%, but then fell back and is expected to continue to decline.

The main cause of these sharp fluctuations was the announcement of a ceasefire by the President of the United States, Donald Trump, between Israel and Iran. Initially, this announcement gave a positive boost to the financial markets and cryptocurrencies in general.

However, it was later discovered that the ceasefire was announced without an official agreement. As a result, Iran launched an attack on Israel, which triggered a further decline in the price of this asset.

Then, how is the current Dogecoin price movement?

Dogecoin Price Drops 0.37% within 24 Hours

Read also: Dogecoin and Shiba Inu Are Skyrocketing — Is the Memecoin Mania About to Explode Again?

On June 26, 2025, Dogecoin saw a slight pullback, dipping 0.37% over the past 24 hours to trade at $0.1654 (around IDR 2,697). During the day, DOGE reached a high of IDR 2,723 and a low of IDR 2,654.

At the time of writing, Dogecoin’s market cap stands at around $24.76 billion, with trading volume dropping 20% to $826.84 million within 24 hours.

Whale Crypto Releases 155 Million DOGE

In line with the current market sentiment, blockchain-based transaction tracker Whale Alert reported via its X platform (formerly known as Twitter) that a crypto whale had transferred 155 million DOGE – worth approximately $24.6 million – to Robinhood.

This large transaction came after a rally in the price ofecoin. However, it has not been confirmed whether the shipment was intended for sale. Shortly after the transfer, the price of DOGE decreased.

$18 Million DOGE Exits Exchange – Time to Buy?

In addition to the sell-off, the current market structure indicates that long-term investors and holders are accumulating DOGE, according to on-chain analytics tool CoinGlass.

Data on spot inflows and outflows shows that exchanges in the crypto world recorded DOGE outflows worth more than $18.34 million in the last 24 hours (26/6).

These large outflows could be a sign of accumulation, potentially easing selling pressure and arresting further price declines.

However, this also raises an important question: Is it a good time to buy, or could prices still fall further in the next few days?

Dogecoin Technical Levels

Based on chart analysis from AMBCrypto (6/25), DOGE appears to be trading in a prolonged descending channel pattern.

Read also: Ethereum Holds at $2,400 on June 26 — Is a Drop Coming? Suspicious Whale Activity Raises Alarms!

The daily chart shows that this memecoin is currently facing two important resistance areas: at the upper limit of the channel and at the horizontal level of $0.165.

If the current upside momentum holds and DOGE manages to break out of its channel, as well as close the daily candle above $0.17, then this could pave the way for a 20% to even 50% price rally.

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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 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. Can Dogecoin break THIS bearish pattern after 155M DOGE dump? Accessed on June 26, 2025