DOGE Whale sold 500 million coins this week, affecting market confidence.

1. According to on-chain data from Santiment on October 27 (shared by analyst Ali Martinez), Whales holding between 10 million and 100 million DOGE sold over 500 million in just one week, resulting in a significant decrease in the holdings of such wallets, reflecting a weakening of confidence in the market among large holders.
2. The current price of DOGE is approximately $0.206, having previously fluctuated between $0.19 and $0.26. The Whale sell-off may be to lock in profits and avoid potential declines, and the pace of this reduction exceeds the average weekly level before 2025.
3. Historical patterns show that Whale selling is often accompanied by short-term market corrections, followed by a potential accumulation by retail investors; a similar situation occurred from July to September 2025, where the selling slowed down and there was a brief rebound.
4. Currently, the market is focused on two major points: first, whether retail investors can absorb the sell-off, and second, whether the price will break below the critical support level; if there are no new whales entering the market, the recovery time for DOGE may be extended and is likely to be affected by the overall fluctuations in the cryptocurrency market.
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