Dogecoin Whales Sell ~150 Million DOGE Near Range Lows as Price Holds Support

Dogecoin large holders, commonly referred to as whales, have intensified selling over a recent five‑day period, offloading roughly 150 million DOGE near the lower bound of a multi‑day trading range. This wave of selling has been concentrated around the range lows and reflects growing caution among big holders as the market structure weakens. Despite the selling pressure, the price has not collapsed; instead, it has been absorbed by other participants, allowing support levels to hold and preventing a dramatic breakdown.

From an analytical standpoint, the behavior described here is significant because it highlights an important dynamic between concentrated supply and retail or institutional absorption. When whales reduce positions near support, two outcomes are possible: either support fails and triggers accelerated downward movement, or the broader market absorbs the incremental supply and maintains the trading band. In this case the latter has occurred — rallies are being capped by the redistributed supply, but the market has not experienced a cascading sell‑off.

Key technical implications include the possibility that the market is entering a period of lower volatility but higher fragility. The persistent selling near the bottom of the range increases the probability that any future bearish catalyst could cause a sharper decline because the available liquidity at lower prices may be reduced. Conversely, as long as support holds, the presence of absorbing demand suggests potential for controlled rallies if buying pressure resumes or if whales reduce their selling intensity.

This development also changes the risk profile for traders and investors. Short‑term traders should watch for confirmation of support strength — a decisive break below the range lows on increased volume would signal a higher risk of continuation to lower price zones. Medium‑term holders will want to monitor on‑chain metrics, wallet concentration, and the frequency of large transfers to exchanges. If large transfers continue to exchanges, that may indicate intent to sell into liquidity; if transfers are to cold wallets or between non‑custodial addresses, that could signal accumulation.

Another practical takeaway is that rallies are being capped. With significant sell orders concentrated near the range bottom, upward momentum finds resistance as redistributed supply reenters the market during attempted price advances. Traders intending to buy should consider staggered positions, set clear stop levels, and watch for declining whale sell pressure as a signal that the supply overhang is easing.

On the narrative front, reporting of whale selling often provokes emotional reactions in the market. It is important to separate short‑term headline noise from structural changes. While 150 million DOGE is a material amount, whether it translates into a prolonged downtrend depends on broader liquidity, macro sentiment, and additional on‑chain trends. For readers seeking further context about the project, official information is available at Dogecoin.

Conclusion: The intensified selling by Dogecoin whales near range lows increases short‑term risk and caps rallies, but the current ability of the market to absorb this supply means a collapse has not occurred. Market participants should monitor support validation, whale transfer patterns, and volume dynamics to assess whether the current range will hold or give way to a deeper correction.