Dogecoin Futures Drop 8% After $200 Million Whale Transfer Triggers Sell-Off

The Dogecoin cryptocurrency experienced a decline in futures contracts, dropping 8% over the weekend as it retreated from resistance levels around $0.25 following a massive transfer of 900 million tokens worth over $200 million to Binance wallets. This move triggered concerns about potential distribution pressure just as DOGE approached this psychological level. Despite a brief surge in trading volume, price ultimately closed down 3%. The decline came amid broader sell-offs in risk assets driven by new trade policies and hawkish commentary from central banks.