Dogecoin Plunges below $0.22: Whale Selling and Market Volatility

Dogecoin (DOGE) experienced a sharp price drop over the weekend, falling below $0.22 after large holders sold millions of tokens within 24 hours. This selloff, along with broader declines in meme coin prices, led to a nearly 10% loss for Dogecoin. While this move triggered concerns about further downside pressure on the cryptocurrency, the coin was showing 4.49% upside at the time of writing. 34%, according to CoinMarketCap. This drop in volume indicates weakening demand amidst the selloff. The combination of whale selling and low trading activity suggests a cautious outlook for Dogecoin’s short-term price movements.