Over 1 Billion DOGE Sold This Week, sparking Debate & Questions about Crypto Market’s Next Move

Cryptocurrency analyst and trader Ali Martinez highlighted a significant sell-off of Dogecoin (DOGE) by large cryptocurrency whales on social media. Over half a billion DOGE were unloaded in the past week alone, with over 570 million DOGE changing hands anonymously according to Santiment data. This coincides with Dogecoin’s price decline which has seen it fall from $0.1680 to currently trading at $0.15594. While the exact reason behind this dump is still unclear, experts speculate on various possibilities, ranging from a reshuffle of crypto assets held by exchanges to larger market-driven trading activities.