Whales Abandon Dogecoin? Big Transactions Plunge 86%

3 mins mins

Key Insights:

DOGE whale transactions dropped from 110 to 15, showing sharp decline in large wallet activity.
A cup and handle pattern forms, but $0.154 must break for bullish momentum to build.
DOGE rejected at $0.157 again, with traders watching closely for signs of a confirmed breakout.

*Whales Abandon Dogecoin? Big Transactions Plunge 86%*

Whale activity on Dogecoin has slowed down sharply over the past week. Data shared by Ali Martinez shows that large transactions—often associated with high-value wallets—fell from 110 to just 15 in a matter of days. This marks a drop of 86%.

Whale activity on Dogecoin $DOGE has dried up!

Large transactions fell from 110 to just 15 in the past week. pic.twitter.com/Bj3rB11bIP
— Ali Charts (@alicharts) January 9, 2026

These transactions typically reflect movement by large holders. The steep decline suggests that whales may be stepping back, either to hold or reduce exposure. This change has come with no signs of recovery so far, as shown in the latest activity chart.

A drop in whale trades can reduce volatility and liquidity in the short term. When large wallets go quiet, price movements tend to rely more on retail trading and market sentiment.

Cup and Handle Setup Nears Completion

A potential Cup and Handle pattern is forming on the 4-hour Dogecoin chart. According to krisspax, the pattern began after a drop earlier in January, with DOGE bouncing back from a low near $0.115 to retest the $0.154 zone.

After the recovery, the price formed a short pullback, creating the handle part of the setup. This move held above $0.135, keeping the structure in place. Volume picked up during the upward move, which often supports this kind of pattern.

Traders are now watching the $0.154 level. A move above it would confirm the setup. For now, the pattern is forming, but still needs a clear breakout to be valid.

Resistance at $0.157 Still Holding

DOGE faced rejection at $0.157, a key resistance level. As noted by CryptoTony, the price failed to break through and has since pulled back slightly. DOGE is now trading around $0.1417.

This resistance level has held firm across past sessions, acting as a barrier to upward moves. “Reclaim 0.157c and we run,” the tweet said, pointing to a possible breakout if the level is cleared.

Until that happens, price action remains range-bound. The next move depends on whether buyers can push through with stronger momentum.

Price and Volume Remain Stable

DOGE’s 24-hour trading volume sits above $1.24 billion. The price is down 0.18% in the last 24 hours but still up 2.54% over the last 7 days. Despite the drop in whale trades, interest remains steady on lower timeframes.

Market participants are now looking for direction. Whether DOGE breaks higher or continues to consolidate depends on volume, resistance tests, and whether whales return to the market.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.