Dogecoin Whales Go MIA! What’s Next for DOGE? Prepare for a Wild Ride! 🐶💸

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Hold on to your hats, folks! 🧢 In a shocking twist of events, Santiment, the on-chain analytics platform, is reporting that Dogecoin’s whales have vanished into thin air. That’s right – the big players in Dogecoin (DOGE) have gone silent! 🦈 This dramatic drop in whale activity comes just as Dogecoin’s market cap took a nosedive, shrinking by a whopping 49% since its peak on December 7. Ouch! 😬

Now, according to Santiment, the whale transactions have practically evaporated. 💨 Large transactions, those $100,000 transfers that were once a common sight, have plummeted to less than a third of their November glory days. In fact, weekly $100,000 DOGE whale transactions have dropped from a high of 20,200 to a mere 6,200. And $1 million whale transactions? They’ve fallen from 3,490 to just 850! Talk about a ghost town! 👻

🐶 Dogecoin whale transactions have dried up in a hurry, with less than a third of the amount of $100K+ transfers happening weekly now compared to the meme coin’s Trump pump run-up in early November. Look for another whale spike as a signal they are likely accumulating again. 👀

— Santiment (@santimentfeed) February 7, 2025

So what’s going on? Are the whales just chilling in the Dogecoin ocean, waiting for the right moment to strike? Well, Santiment thinks we should keep our eyes peeled for any signs of a resurgence in whale activity. If the big guys start moving again, it could be a signal that they’re stocking up for a big Dogecoin comeback. 🐋💰

But, for now, we’re in a holding pattern, folks. 🛑 DOGE is in a classic “wait-and-see” phase, with these silent whales potentially signaling a bit of consolidation. What does this mean for traders? Well, it’s time to grab your magnifying glass 🔍 and keep an eye on those key levels and on-chain signals for any hints of DOGE’s next big move. And trust me, it’s bound to be a bumpy ride! 🎢

What’s Next? 🧐

Dogecoin’s been on a bit of a rollercoaster lately. After Monday’s exciting bounce from the $0.201 lows, the coin has continued its downward spiral. In fact, we’ve seen four straight days of declines. 🚨 Saturday’s session? Barely any movement at all, fluctuating between $0.244 and $0.25. This is the kind of price action that makes you want to check your pulse. 🥱

As of right now, Dogecoin is down 2.95% in the last 24 hours, sitting at $0.247, and it’s also down 24% for the week. Yikes! But here’s the twist: Dogecoin is currently hanging out between its daily moving averages of 50 and 200 – $0.332 and $0.229, respectively. This means that a break above or below these levels could indicate which direction DOGE will go next. Exciting, right? Or terrifying? 😅

Don’t get too comfortable though, because if there’s a relief rally coming, you can bet your bottom dollar it’ll face resistance at $0.30 and again at the daily SMA 50 at $0.33. If Dogecoin starts falling from here, we could see a trip down to the $0.20 support. 🏃‍♂️💨

But here’s the twist you’ve been waiting for: there’s a rumor going around that some big Dogecoin announcements are coming soon! Timothy Stebbing, the Director of the Dogecoin Foundation, hinted at some *major* news in the near future. So, if you’re holding DOGE, keep those fingers crossed! 🤞🚀

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2025-02-08 15:58