Dogecoin Dips 8% Amid Billion-Token Sell-Off, Whale Buys Support Stabilization

Dogecoin has experienced significant volatility recently, with an 8% drop noted amid a broader crypto market cooldown. Whale activity shows a mix of accumulation and selling, with mid-size holders increasing their stakes, which often supports prices during swings; however, high exchange balances near multi-year highs suggest some investors are poised to take profits, raising the risk of corrections. The cryptocurrency faces resistance at around $0.27, where heavy selling by whales has occurred, and support at $0.25, upheld by whale buying and short covering, indicating a possible technical base forming. Despite recent price declines, institutional interest remains robust, with firms like Grayscale and Bitwise filing for Dogecoin ETFs, potentially boosting liquidity and signaling longer-term viability beyond retail hype. Additionally, developments such as CleanCore Solutions' large Dogecoin treasury acquisition contribute to positive fundamentals, while the broader macroeconomic environment, including anticipated global monetary easing, continues to drive volatility affecting Dogecoin's price swings. The ongoing tussle between optimistic whale accumulation and cautious profit-taking reflects the uncertain outlook for Dogecoin's near-term price trajectory.