DOGE Token Drops 2.38% as Whale Activity Hits 8-Month Low and Realized Losses Surge

Dogecoin (DOGEUSDT) experienced a 2.38% price decline over the past 24 hours, with the current price at $0.15936 according to Binance. This downturn is primarily attributed to a combination of decreased on-chain activity—whale transactions dropped to 66 and active addresses fell below 60,000, the lowest since October 2024—and significant realized losses of $132 million versus $5 million in profits, as reported by Glassnode. Recent news has been mixed, with speculation around potential Dogecoin ETFs and overall flat trading conditions, while some large-cap cryptocurrencies also faced declines. Despite intermittent bullish sentiment and resilience at the $0.142 support level, Dogecoin’s price has reflected broader market uncertainty and reduced investor activity.

Dogecoin remains among the top 10 cryptocurrencies by market capitalization, currently valued at approximately $24.33 billion, with a 24-hour trading volume between $793.67 million and $926.17 million and a circulating supply of about 149.91 billion DOGE.