#特朗普暂停新关税

Flash crash! A whale sold 1.3 billion Dogecoin (DOGE) in a single day, causing the price to plummet by 22%! When will bottom support appear?

The large-scale activity of whales has impacted the market, leading to a sharp decline in Dogecoin (DOGE) prices. To better understand this context, CNF also predicts that Dogecoin (DOGE) alternatives will reach $1 by 2025—while the current trading price is only $0.02.

On-chain analyst Ali Martinez shared this data in a tweet, stating that on April 7 and 8, wallets holding over 1 billion Dogecoin (DOGE) collectively sold 1.32 billion. Data from Santimentfeed shows that in the past 48 hours, whales sold more than 1.32 billion Dogecoin $DOGE

This caused the price of Dogecoin to drop sharply from $0.168 to a low of $0.131, with a decrease of 22% in just a few days. Previously, the price of Dogecoin had retreated from a local high of $0.206 on March 25, indicating increasing market pressure.

Whale-induced global market panic Although the sell-off itself is enough to draw attention, the global market's volatility has intensified the scale of the sell-off. As tensions between China and the US escalate—especially after China imposed an 84% tariff on US car imports—investors began to sell off high-risk assets comprehensively.

As of now, the trading price of Dogecoin is about $0.1577, slightly rebounding from the recent low. CoinMarketCap shows a slight increase of 9.25%.