Dogecoin’s largest holders have been quietly unloading massive amounts of their coins, triggering noticeable market ripples.
Analyst Ali Martinez posted data showing Santiment’s wallets containing between 10 million and 100 million DOGE have sold more than 3 billion tokens — roughly $520 million at current prices.
This heavy selling came just as the meme coin’s earlier rally began to lose steam. After reaching a high near $0.30 in September, Dogecoin has since tumbled to around $0.16, cutting nearly half its value.
The timing of these liquidations shows a clear connection, as the whales reduced their holdings, prices fell in tandem.
The pattern also reveals that the recent wave of selling was largely driven by big-money players rather than small retail traders.
Their exits added significant pressure to the market, fueling the downturn of meme coins. Throughout October’s volatile swings, a series of large transactions pointed to direct transfers to exchanges — clear signs that the whales were cashing out while sentiment shifted.
Meme coins hit across the board
Dogecoin’s troubles did not occur in isolation. Other meme tokens, including Shiba Inu, also experienced a rise in exchange balances in mid-October. The outlet added that whales appeared to be pivoting into smaller altcoins while reducing their exposure to meme coins.
This period followed a major crypto market liquidation in early October 2025, when roughly 19 billion dollars in leveraged positions were wiped out within 24 hours.
That event reduced market liquidity and set the stage for sharper price swings across speculative assets such as DOGE.
This report does not predict a floor price or guarantee further declines for DOGE. It does not assert that all whales are exiting or that meme-coins will collapse permanently. It focuses on confirmed disclosures of large-holder activity and measurable price and market-cap changes.
Dogecoin Slows as Whales Step Back
Dogecoin is exhibiting signs of a gradual decline following a significant price surge. The recent charts by analyst Ali indicate that momentum has eased, and trading has become calmer. The coin’s growth has slowed, reflecting reduced activity from its largest holders.
The market is likely to remain in this quiet phase until a new development or event sparks fresh interest, a major partnership, or a renewed rally. Dogecoin’s next big move will depend on a catalyst that can re-engage traders and investors.
For now, the meme coin is in a delicate balance, drifting sideways as the market waits for the next narrative to drive action.
Source: https://zycrypto.com/dogecoin-whales-flee-3-billion-doge-dumped-amid-meme-coin-bloodbath/
