Large Holders Sold 120 Million DOGE, Token Holds at $0.075

Dogecoin (DOGE) is trading around $0.075 on Monday after five consecutive weeks of decline. The memecoin has seen some buying from smaller whales, but large holders are acting in the opposite direction, and there is no clear signal of the sell-off ending.

According to Santiment Supply Distribution, wallets holding 10–100 million DOGE have reduced their cumulative holdings by approximately 120 million tokens since Thursday: some of the largest holders are reducing risk amid the price drop. Meanwhile, wallets holding 100,000 – 1 million DOGE and 1–10 million DOGE have accumulated about 100 million tokens in total over the same period. These purchases do not offset the large sales: if the distribution continues, DOGE will find it difficult to gain momentum for a sustainable rebound.

CryptoQuant describes the situation just as cautiously: large orders are visible on spot and futures, increased activity, which analysts call "heated," and seller dominance. This does not guarantee a new drop, but explains why sustained demand is not appearing.

Technical picture

DOGE is below the 50-day EMA at $0.082, the 100-day at $0.083, and the 200-day at $0.090 – these are a series of resistances that buyers need to reclaim. The first test is the descending trendline around $0.079. RSI is holding in the mid-30s: momentum is weak, no reversal. MACD is near zero without directional strength. A move above $0.079 will be an early signal of buyers returning, followed by EMAs at $0.082 and $0.083, where sellers may return. Further resistance is at $0.088 and the 200-day EMA at $0.090; only a stronger recovery will open the path to $0.1027.

Below, the key support is $0.068. A daily close below this will weaken the chart and leave DOGE vulnerable to further losses, although the analysis does not specify an exact lower target. So far, the divergence between whale groups offers little consolation to bulls: smaller ones are buying the dip, large ones are distributing tokens, and the trend remains bearish. Whether DOGE can hold $0.068 will determine the next significant move.