Blockchain data indicates that some large Dogecoin wallets are swiftly selling their assets. According to Santiment data, holders of 10 to 100 million Dogecoins have sold over 570 million coins in the past week, signaling possible significant price fluctuations and downward pressure in the upcoming week. Charts show a continuous decrease in whale assets from April 10 to 17, 2025. These wallets play a vital role in price determination. Over the past week, their total assets have decreased from 24.3 billion to less than 23.8 billion Dogecoins, coinciding with a price drop from $0.165 to $0.155. This movement indicates that these DOGE holders may have transferred their assets to digital currency exchanges. If this trend continues, Dogecoin may face a deeper correction, dropping to support levels of $0.144 or even $0.138.
