Dogecoin Whales Quietly Exit as Price Faces 45% Drop Risk

The energy around Dogecoin has cooled significantly. Recent trends show some of the biggest holders, often called whales, quietly leaving the ship. As prices slip, technical indicators and on-chain data hint at a sharp wake-up call: Dogecoin could potentially see a 45% drop if current patterns continue.

Whales Making Their Move

Since Dogecoin peaked near $0.28 in late July, the whales haven’t lurked; they’ve moved. It’s more than just talk. One whale shifted 900 million DOGE roughly $200 million, to Binance. That kind of shift, particularly amid falling prices, almost always signals cautious sentiment. It’s a classic sign of risk aversion at scale.

At the same time, open interest in DOGE futures has tumbled from $5.35 billion to around $3.24 billion, and wallets holding between $10 million and $100 million have dropped by about 6%. That’s fewer whales sticking around and fewer bets driving speculation. On-chain metrics are unmistakably bearish.

Is Dogecoin Squashing a 45% Slide?

Technically, DOGE is navigating a rising wedge pattern, a formation that often ends in downside breakdowns. It’s comforting to watch the trendlines for now, but if the price slips below the lower edge around $0.218 that could pave the way to a price target near $0.12. That’s nearly a 45% drop from current levels.

The RSI is cooling off too, down from overbought levels up above 85 in July to around 49 today, signaling that bullish momentum is fading fast. If DOGE can’t stabilize north of the $0.19–$0.20 zone, which matches both the 100-day and 200-day EMAs, the next move could be costly.

What It All Means

When influential wallets reduce exposure, and both futures interest and daily activity drop, the signal is clear: enthusiasm is waning. With so many eyes on the charts and very little encouraging data, it’s not just caution; it’s survival mode. The combination of whale exits, weak sentiment, and bearish setups puts DOGE in a vulnerable spot.