{"id":375601,"date":"2025-02-26T17:48:14","date_gmt":"2025-02-26T12:18:14","guid":{"rendered":"https:\/\/dripp.zone\/news\/dogecoin-whales-offload-312m-doge-amid-market-turmoil-what-lies-ahead-crypto-news\/"},"modified":"2025-02-26T17:52:27","modified_gmt":"2025-02-26T12:22:27","slug":"dogecoin-whales-offload-312m-doge-amid-market-turmoil-what-lies-ahead-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dogecoin-whales-offload-312m-doge-amid-market-turmoil-what-lies-ahead-crypto-news\/","title":{"rendered":"Dogecoin Whales Offload 312M DOGE Amid Market Turmoil, What Lies Ahead? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Dogecoin whales sent shockwaves across the broader crypto landscape on Wednesday, embarking on a dumping spree amid broader market turmoil. The latest whale data signaled that roughly 312 million tokens were offloaded into cryptocurrency exchange Coinbase. In response, traders and investors reflect bearishness surrounding DOGE price prospects, with market concerns further solidifying due to another on-chain metric.<\/p>\n<h2>Dogecoin Whales Dump 312M Tokens Amid Market Turmoil Raising Concerns<\/h2>\n<p>According to transaction tracker <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/whale_alert\/status\/1894457380198351274\" target=\"_blank\">Whale Alert on X<\/a>, Dogecoin whales offloaded roughly 312 million coins to Coinbase on February 26. Three massive whale transactions collectively showcased the transfer of $64 million worth of tokens.<\/p>\n<p>For context, crypto whales are large-scale investors holding substantial influence over the market and crypto prices. Their dumping chronicles usually signal a loss of confidence in the asset\u2019s potential to offer gains. As a result, market participants also reflect a bearish stance on future price actions.<\/p>\n<h2>Other Key Metric That Solidifies Concerns<\/h2>\n<p>Simultaneously, crypto market analyst Ali Martinez revealed in a recent X post that DOGE network activity has declined 95% since last year. Notably, data indicates that the active network addresses dropped from 2.66 million in November last year to a mere 130,282 to date.<\/p>\n<figure id=\"attachment_241124\" aria-describedby=\"caption-attachment-241124\" style=\"width: 751px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-241124\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-26-at-4.50.07\u202fPM.png\" alt=\"Dogecoin active addresses\" width=\"751\" height=\"385\"\/><\/noscript><figcaption id=\"caption-attachment-241124\" class=\"wp-caption-text\">Source: Ali Charts, X<\/figcaption><\/figure>\n<p>When coupled with the massive Dogecoin whale selloffs, on-chain metrics collectively reflect the loss of market interest.<\/p>\n<h2>How Is The Meme Coin Performing Today?<\/h2>\n<p>As of press time, DOGE price conversely witnessed a 5% increase in value, closing in at $0.2125. The <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/meme-coin\/\" target=\"_blank\" rel=\"noopener\">leading meme coin<\/a> hit a bottom and peak of $0.1968 and $0.2139 in the past 24 hours. The current price upswing defies the usual bearish market sentiments prevailing in light of the abovementioned market statistics.<\/p>\n<p>However, it\u2019s worth mentioning that weekly and monthly charts for the token show a drop of 16% and 31%, respectively. This broader crash is what appears to have prompted the Dogecoin whale selling.<\/p>\n<p>Meanwhile, it\u2019s also noteworthy that the broader slumping action mirrors the current <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/crypto-prices-today-feb-26-btc-brushes-86k-low-altcoins-jump\/\" target=\"_blank\" rel=\"noopener\">broader crypto market trend<\/a>. Bitcoin and altcoins currently face volatility due to macroeconomic heat and liquidity issues in the market. As a result, traders and investors continue to exercise caution when trading risk assets, bringing volatility to prices.<\/p>\n<p>On the other hand, another key on-chain metric sparked contrasting speculations among investors. Notably, DOGE long-term holders are in \u2018denial,\u2019 as revealed by Ali Martinez. This data indicated that despite market fluctuations and price volatility, long-term holders have been optimistic about the crypto\u2019s long-term prospects.<\/p>\n<figure id=\"attachment_241126\" aria-describedby=\"caption-attachment-241126\" style=\"width: 752px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-241126 \" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Dogecoin long-term holders\" width=\"752\" height=\"390\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-26-at-4.49.49\u202fPM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-241126 \" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-26-at-4.49.49\u202fPM.png\" alt=\"Dogecoin long-term holders\" width=\"752\" height=\"390\"\/><\/noscript><figcaption id=\"caption-attachment-241126\" class=\"wp-caption-text\">Source: Ali Charts, X<\/figcaption><\/figure>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new wp_new\" aria-label=\"whatsapp\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/dogecoin-whales-offload-312m-doge-amid-market-turmoil-what-lies-ahead\/\" target=\"_blank\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new tw_new_logo\" aria-label=\"Twitter\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/dogecoin-whales-offload-312m-doge-amid-market-turmoil-what-lies-ahead\/\" target=\"_blank\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; 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Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>Coingape Staff  <\/p>\n<\/p><\/div>\n<p>CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.                     <\/p>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/5-important-highlights-from-the-recent-fed-meeting\/?utm_source=post&utm_medium=web-story\" target=\"_blank\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" 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The latest whale data signaled that roughly 312 million tokens were offloaded into cryptocurrency exchange Coinbase. In response, traders and investors reflect bearishness surrounding DOGE price prospects, with market concerns further solidifying due to another [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":375604,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-375601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/375601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=375601"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/375601\/revisions"}],"predecessor-version":[{"id":375605,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/375601\/revisions\/375605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/375604"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=375601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=375601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=375601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}