Particle.news
Download on the App Store

Dogecoin Stalls Near $0.20 as Volume Surges and Whales Offload

Heavy whale selling alongside a reported derivatives shakeout is pressuring the price despite a burst in trading activity.

Overview

  • DOGE trades around $0.20–$0.21 after the latest session, roughly 12% lower for October with market cap near $30.3 billion.
  • CoinMarketCap data show 24-hour turnover jumping about 60% to above $2 billion without a matching price lift.
  • Santiment data shared by analyst Ali Martinez indicate large holders offloaded more than 500 million DOGE in a week as 10–100 million DOGE wallets trimmed balances.
  • On-chain trackers flagged dormant whales moving 36 million DOGE to Binance and about 15 million DOGE off the exchange, reshaping near-term liquidity.
  • NewsBTC reports futures open interest slid roughly 61% to $1.95 billion and technicians warn of a potential death cross, with resistance at $0.204–$0.210 and support risk toward $0.166.