BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Dogecoin Dips After Whale Sends $41M to Binance — Is More Selling Ahead?

by Drop Gorn
April 8, 2025
in Crypto, Dogecoin, Finance, Memecoins, Opinion
A A
Dogecoin Dips After Whale Sends $41M to Binance — Is More Selling Ahead?
3
SHARES
Share on TwitterShare on Reddit
  • Dogecoin dropped to $0.1390 after a whale moved 300 million DOGE ($41.7M) to Binance, raising fears of a potential sell-off.
  • Technical indicators show weakness, with a descending triangle forming and RSI near 35 — if DOGE breaks below $0.13, further downside is likely.
  • Whale still holds over 4.2B DOGE, and on-chain data shows redistribution among mid-sized wallets, suggesting it’s not a full exit — at least not yet.

It’s been a rough start to the week for Dogecoin.

The memecoin dropped from $0.1667 on April 1 to a low of $0.1390 earlier today before managing a small bounce back to about $0.1474. The sudden downward pressure? Most of it came after a massive transfer caught the attention of the market.

On April 7, Whale Alert flagged a pretty eye-popping move — 300 million DOGE, worth over $41.7 million, was sent straight to Binance.

A Dormant Whale Wakes Up — and Markets React Fast

The sender? An address known as DU8gPC5 — a large DOGE wallet that’s been quiet for a while. This wallet holds over 4.29 billion DOGE, which is roughly $606 million worth at today’s prices. So yeah, this isn’t just some casual investor moving coins around.

And while the 300M DOGE moved only represents about 7% of that wallet’s total stash, it was enough to spook the market. Whenever whales send large amounts to exchanges, traders usually assume one thing: a big sell wall is coming.

But here’s the thing — there’s no confirmation yet that the whale actually sold. It might’ve just been a strategic test… or maybe they’re waiting for the right price.

🚨 🚨 300,000,000 #DOGE (41,771,081 USD) transferred from unknown wallet to #Binancehttps://t.co/TBcCJ8ddbt

— Whale Alert (@whale_alert) April 7, 2025

On-Chain Signals Show a Quiet Shift

According to data from Santiment, whale behavior around DOGE has been shifting over the past few months. Wallets holding 100M to 1B DOGE? Those are shrinking. Meanwhile, mid-tier wallets (10M–100M DOGE) are growing. That suggests redistribution — big players trimming, smaller whales accumulating.

So, while the headline screams “whale sells,” the deeper picture shows more nuance. It’s not a full-on exit. Not yet.

Charts Flash Caution — $0.13 Is the Level to Watch

From a technical standpoint, DOGE is not in a happy place right now. It’s currently forming a descending triangle, which is usually a bearish continuation pattern — meaning, more downside is possible if support breaks.

That $0.13 level? It’s crucial. If DOGE breaks under it with real momentum, that could open the door for more selling pressure — especially with sentiment already shaky.

Also worth noting: the RSI is hovering around 35, which is on the low end. That means buying momentum is weak — and it hasn’t shown much sign of life yet.

Doge Whale Holdings Distribution over Time

It’s Not Just DOGE — The Whole Market’s Bleeding

DOGE’s drop comes alongside a broader market slide.

  • Bitcoin fell over 8% in 24 hours, now sitting around $76,210
  • Ethereum took a bigger hit, down more than 16%, barely above $1,500
  • Altcoins like XRP, ADA, and BNB also saw double-digit losses across the board

So, while the DOGE move looks dramatic, it’s also part of a larger trend — the market’s just in a rough patch.

Final Take

Yes, a whale moved $41 million in DOGE to Binance. Yes, price dipped hard. But no — it doesn’t confirm a full liquidation. That wallet still holds billions of DOGE. Traders are watching closely, but for now, it’s all about whether $0.13 holds or breaks.

Because if it breaks? We might not be done falling yet.

Tags: $DOGEBinanceBinance CoinCardanoDogecoinSantimentWhale Alert
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?
Bitcoin

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?

May 29, 2025
Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash
Bitcoin

Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash

May 29, 2025
Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)
Cardano

Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)

May 29, 2025
Chainlink Gears Up for Major Breakout: $35 Target in Sight
Chainlink

Chainlink Gears Up for Major Breakout: $35 Target in Sight

May 29, 2025
Analysts Believe THIS Could Propel Solana Over Ethereum in 2025
Crypto

Analysts Believe THIS Could Propel Solana Over Ethereum in 2025

May 29, 2025
Trump Reciprocal Tariffs Reinstated Following Appeals Court Overturn: Bullish or Bearish for Markets?
Finance

Trump Reciprocal Tariffs Reinstated Following Appeals Court Overturn: Bullish or Bearish for Markets?

May 29, 2025
Load More

Related News

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?

GameStop Stock Continues Dump Following $500 Million Bitcoin Buy Plan: What Happened?

May 29, 2025
Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash

Trump’s Tariffs Reinstated: Crypto Markets Lose Over $100B Amid Legal Whiplash

May 29, 2025
Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)

Top 3 Altcoins You Need to Buy Before the Upcoming Altcoin Season (MASSIVE POTENTIAL)

May 29, 2025
Chainlink Gears Up for Major Breakout: $35 Target in Sight

Chainlink Gears Up for Major Breakout: $35 Target in Sight

May 29, 2025
Analysts Believe THIS Could Propel Solana Over Ethereum in 2025

Analysts Believe THIS Could Propel Solana Over Ethereum in 2025

May 29, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.