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Dogecoin Plunges To $0.18 As Whales Sell 440 Million DOGE
On-chain data shows the Dogecoin whales have participated in a significant amount of selling recently, a potential reason behind the memecoinās decline. Dogecoin Whales Shed 440 Million Tokens Over Last 72 Hours As pointed out by analyst Ali Martinez in a new post on X, whales have reduced their Dogecoin supply over the past few days. The indicator cited by the analyst is the āSupply Distributionā from on-chain analytics firm Santiment, which tells us about the total amount of DOGE that investors belonging to a given coin range are holding as a whole. In the context of the current topic, āwhalesā are the traders of interest. Their wallet range is typically defined as 10 million to 100 million tokens. At the current DOGE exchange rate, the lower end converts to $1.8 million and the upper end to $18 million. Given the scale, only big-money holders would be able to qualify for the group. Related Reading: Bitcoin Struggles To Hold Key Support: Could $88,000 Be Next? Such investors can carry some degree of influence in the market, so movements related to them can be worth watching. Their behavior doesnāt always impact the memecoinās price, but it can still be revealing about the sentiment among this key cohort. Now, here is the chart shared by Martinez that shows the trend in the Dogecoin Supply Distribution of the whales over the last few months: As displayed in the above graph, the Dogecoin whales have seen a sharp decline in their supply recently, indicating that these humongous holders have been distributing. In total, the group has shed 440 million DOGE (worth $81.4 million) from its collective holdings during the last 72 hours. Alongside this trend, the DOGE price has slid down, implying that the whale selloff may have had a role to play. The Supply Distribution of this cohort could now be monitored, as where it goes next could potentially contain hints about whatās coming for the cryptocurrencyās price. Earlier in the week, Martinez shared another chart related to Dogecoin, this one showing a technical analysis (TA) pattern that DOGE has been trading inside on the 12-hour timeframe. From the graph, itās visible that the pattern in question is an Ascending Channel, a type of consolidation channel that appears whenever an asset trades between two parallel trendlines sloped upward. The support line of the channel is located at $0.18. In the post, the analyst noted that holding this level could be key for DOGE. Following the whale selling, the coin is now retesting the level, with a brief fall below it even happening on Thursday, before the memecoin recovered back above it on Friday. Related Reading: XRP Indicator That Nailed Recent Reversals Has Flashed Again āIf bulls defend it, next targets: $0.25 and $0.33,ā said Martinez. DOGE Price At the time of writing, Dogecoin is floating around $0.185, down almost 6% in the last seven days. Featured image from Dall-E, charts from TradingView.com
Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip ā Details
Ethereum (ETH) remains under pressure, trading below the $4,000 mark as bulls attempt to reclaim control following weeks of post-crash uncertainty. The sharp sell-off on October 10 not only flushed leveraged positions across the market but also disrupted the uptrend ETH had been building throughout the summer. Since then, price action has weakened, and momentum has shifted toward the downside, raising concerns among analysts that a deeper correction could unfold if buyers fail to defend key demand levels in the days ahead. Related Reading: $780M Worth of Ethereum Pulled From Exchanges ā Biggest Withdrawal Spike in Weeks Despite these technical challenges, on-chain and institutional flow data tell a different story beneath the surface. Large-scale investors ā including funds, corporate entities, and crypto-native institutions ā continue to accumulate ETH during the pullback. The divergence between price weakness and institutional accumulation creates a pivotal setup for Ethereum. If ETH can stabilize and reclaim the $4,000 threshold, it may re-ignite bullish momentum. But failure to hold support could open the door to further downside before a sustainable recovery emerges. Bitmine Adds ETH as Institutional Accumulation Climbs According to data tracked by Lookonchain, institutional player Bitmine has continued its aggressive accumulation strategy. Purchasing 44,036 ETH ā worth approximately $166 million ā during the recent market pullback. This purchase lifts Bitmineās total holdings to roughly 3.16 million ETH, valued at around $12.15 billion, reinforcing the companyās position as one of the largest Ethereum holders globally. Such sizeable buying activity during periods of price weakness highlights a notable divergence between institutional behavior and short-term market sentiment. While retail traders and leveraged participants may be shaken by Ethereumās inability to reclaim the $4,000 level, long-horizon buyers appear unfazed. For them, price dips represent accumulating opportunities rather than reasons for concern. This duality is becoming increasingly evident across the market: spot inflows, exchange outflows, and whale accumulation metrics all point to growing long-term conviction, even as the chart reflects hesitation and downward pressure. This divergence underscores a familiar pattern in crypto market structure. Price action often lags underlying fundamentals, particularly during transitional phases where macro catalysts and liquidity shifts are still being digested. Ethereum remains structurally supported by rising institutional participation, increasing staking demand, and expanding Layer-2 ecosystems ā all of which strengthen its long-term investment thesis. Related Reading: Bitcoin Records Over $300B Spot Volume In October ā Investors Shift Away From Leverage Ethereum Tests Key Support Ethereum (ETH) is trading around $3,847, testing a critical support zone after failing to hold above $4,000 and rejecting from the $4,200 resistance area earlier this week. The daily chart shows ETH breaking below both the 50-day (blue) and 100-day (green) moving averages, signaling weakening momentum and a shift toward a more defensive market posture. This breakdown places increased pressure on bulls to defend the $3,800 region ā a level that has repeatedly acted as a pivot point over the past two months. If ETH loses this support, the next meaningful demand zone lies near $3,500, followed by the 200-day moving average around $3,200, which would serve as a deeper structural retest within the longer-term uptrend. For now, however, ETH remains above its long-term trend line, meaning the broader bullish structure is intact despite short-term weakness. Related Reading: Ethereum ICO Whale Awakens After 8 Years ā 1,500 ETH Sent to Kraken After 8 Years On the upside, bulls need to reclaim $4,000 and then $4,150ā$4,200 to revive bullish momentum and break the series of lower highs forming since September. Until that happens, price action favors consolidation and caution. With macro shifts underway and institutional accumulation rising, Ethereumās chart suggests a wait-and-see phase, where holding support becomes crucial before any renewed upside attempt. Featured image from ChatGPT, chart from TradingView.com
Dogecoin Plunges To $0.18 As Whales Sell 440 Million DOGE
On-chain data shows the Dogecoin whales have participated in a significant amount of selling recently, a potential reason behind the memecoinās decline. Dogecoin Whales Shed 440 Million Tokens Over Last 72 Hours As pointed out by analyst Ali Martinez in a new post on X, whales have reduced their Dogecoin supply over the past few days. The indicator cited by the analyst is the āSupply Distributionā from on-chain analytics firm Santiment, which tells us about the total amount of DOGE that investors belonging to a given coin range are holding as a whole. In the context of the current topic, āwhalesā are the traders of interest. Their wallet range is typically defined as 10 million to 100 million tokens. At the current DOGE exchange rate, the lower end converts to $1.8 million and the upper end to $18 million. Given the scale, only big-money holders would be able to qualify for the group. Related Reading: Bitcoin Struggles To Hold Key Support: Could $88,000 Be Next? Such investors can carry some degree of influence in the market, so movements related to them can be worth watching. Their behavior doesnāt always impact the memecoinās price, but it can still be revealing about the sentiment among this key cohort. Now, here is the chart shared by Martinez that shows the trend in the Dogecoin Supply Distribution of the whales over the last few months: As displayed in the above graph, the Dogecoin whales have seen a sharp decline in their supply recently, indicating that these humongous holders have been distributing. In total, the group has shed 440 million DOGE (worth $81.4 million) from its collective holdings during the last 72 hours. Alongside this trend, the DOGE price has slid down, implying that the whale selloff may have had a role to play. The Supply Distribution of this cohort could now be monitored, as where it goes next could potentially contain hints about whatās coming for the cryptocurrencyās price. Earlier in the week, Martinez shared another chart related to Dogecoin, this one showing a technical analysis (TA) pattern that DOGE has been trading inside on the 12-hour timeframe. From the graph, itās visible that the pattern in question is an Ascending Channel, a type of consolidation channel that appears whenever an asset trades between two parallel trendlines sloped upward. The support line of the channel is located at $0.18. In the post, the analyst noted that holding this level could be key for DOGE. Following the whale selling, the coin is now retesting the level, with a brief fall below it even happening on Thursday, before the memecoin recovered back above it on Friday. Related Reading: XRP Indicator That Nailed Recent Reversals Has Flashed Again āIf bulls defend it, next targets: $0.25 and $0.33,ā said Martinez. DOGE Price At the time of writing, Dogecoin is floating around $0.185, down almost 6% in the last seven days. Featured image from Dall-E, charts from TradingView.com
Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip ā Details
Ethereum (ETH) remains under pressure, trading below the $4,000 mark as bulls attempt to reclaim control following weeks of post-crash uncertainty. The sharp sell-off on October 10 not only flushed leveraged positions across the market but also disrupted the uptrend ETH had been building throughout the summer. Since then, price action has weakened, and momentum has shifted toward the downside, raising concerns among analysts that a deeper correction could unfold if buyers fail to defend key demand levels in the days ahead. Related Reading: $780M Worth of Ethereum Pulled From Exchanges ā Biggest Withdrawal Spike in Weeks Despite these technical challenges, on-chain and institutional flow data tell a different story beneath the surface. Large-scale investors ā including funds, corporate entities, and crypto-native institutions ā continue to accumulate ETH during the pullback. The divergence between price weakness and institutional accumulation creates a pivotal setup for Ethereum. If ETH can stabilize and reclaim the $4,000 threshold, it may re-ignite bullish momentum. But failure to hold support could open the door to further downside before a sustainable recovery emerges. Bitmine Adds ETH as Institutional Accumulation Climbs According to data tracked by Lookonchain, institutional player Bitmine has continued its aggressive accumulation strategy. Purchasing 44,036 ETH ā worth approximately $166 million ā during the recent market pullback. This purchase lifts Bitmineās total holdings to roughly 3.16 million ETH, valued at around $12.15 billion, reinforcing the companyās position as one of the largest Ethereum holders globally. Such sizeable buying activity during periods of price weakness highlights a notable divergence between institutional behavior and short-term market sentiment. While retail traders and leveraged participants may be shaken by Ethereumās inability to reclaim the $4,000 level, long-horizon buyers appear unfazed. For them, price dips represent accumulating opportunities rather than reasons for concern. This duality is becoming increasingly evident across the market: spot inflows, exchange outflows, and whale accumulation metrics all point to growing long-term conviction, even as the chart reflects hesitation and downward pressure. This divergence underscores a familiar pattern in crypto market structure. Price action often lags underlying fundamentals, particularly during transitional phases where macro catalysts and liquidity shifts are still being digested. Ethereum remains structurally supported by rising institutional participation, increasing staking demand, and expanding Layer-2 ecosystems ā all of which strengthen its long-term investment thesis. Related Reading: Bitcoin Records Over $300B Spot Volume In October ā Investors Shift Away From Leverage Ethereum Tests Key Support Ethereum (ETH) is trading around $3,847, testing a critical support zone after failing to hold above $4,000 and rejecting from the $4,200 resistance area earlier this week. The daily chart shows ETH breaking below both the 50-day (blue) and 100-day (green) moving averages, signaling weakening momentum and a shift toward a more defensive market posture. This breakdown places increased pressure on bulls to defend the $3,800 region ā a level that has repeatedly acted as a pivot point over the past two months. If ETH loses this support, the next meaningful demand zone lies near $3,500, followed by the 200-day moving average around $3,200, which would serve as a deeper structural retest within the longer-term uptrend. For now, however, ETH remains above its long-term trend line, meaning the broader bullish structure is intact despite short-term weakness. Related Reading: Ethereum ICO Whale Awakens After 8 Years ā 1,500 ETH Sent to Kraken After 8 Years On the upside, bulls need to reclaim $4,000 and then $4,150ā$4,200 to revive bullish momentum and break the series of lower highs forming since September. Until that happens, price action favors consolidation and caution. With macro shifts underway and institutional accumulation rising, Ethereumās chart suggests a wait-and-see phase, where holding support becomes crucial before any renewed upside attempt. Featured image from ChatGPT, chart from TradingView.com