Whale Panic? 200,000,000 DOGE and 50,000,000 ADA Sold in 48 Hours

TL;DR Dogecoin whales dumped 200 million tokens while the price hovers at $0.21, raising ￰0￱ forms lower highs as whales exit—$0.19 support could be tested if the trend ￰1￱ whales sold 50 million coins, hinting at a correction after steady August gains. Cardano’s price nears $0.80 support in a wedge, with potential breakout targets $0.90–$0.92 ￰2￱ Whales Sell Off $200M Tokens as Price Holds Steady Over the past 48 hours, large Dogecoin wallets holding between 10 million and 100 million DOGE reduced their balances by a combined 200 million ￰3￱ move was flagged by analyst Ali Martinez, who shared recent on-chain activity showing a drop in whale ￰4￱ sold 200 million Dogeoin $DOGE in the last 48 hours! ￰5￱ — Ali (@ali_charts) September 4, 2025 DOGE was trading at $0.21 at press ￰6￱ asset has slipped almost 1% in the past day and 4% over the last week, according to Coingecko ￰7￱ the size of the sell-off, price action has remained stable for now, though the trend points to rising pressure.

Interestingly, this isn’t the first sign of outflows from major ￰8￱ late July and early August, whale wallets started reducing exposure while the price stayed ￰9￱ kind of pattern often comes ahead of a broader move down, as larger players exit quietly before momentum ￰10￱ chart data shows a clear series of lower ￰11￱ with falling whale balances, the setup suggests that a move toward $0.19 could be possible if selling ￰12￱ sits just above $0.215, with key resistance levels around $0.222 and $0.224. On the technical side, trader Tardigrade noted that the daily Ichimoku chart flashed a weak bearish cross above the Kumo cloud on August ￰13￱ asset remains inside the cloud, which usually signals indecision or ￰14￱ confirmed breakout or breakdown has followed yet.

meanwhile, Bloomberg’s Eric Balchunas said Rex may be preparing to launch a Dogecoin ETF under the 40 ￰15￱ approved, it could become the first listed ETF tied to DOGE, ahead of other filings involving TRUMP, XRP, and ￰16￱ Whale Wallets Reduce Holdings by 50 Million In the same timeframe, Cardano saw 50 million ADA sold by wallets holding between 1 million and 10 million ￰17￱ drop was also shared by Martinez and matches a visible decline in whale holdings on tracking platforms. 50 million Cardano $ADA sold by whales in 48 hours! ￰18￱ — Ali (@ali_charts) September 5, 2025 ADA was trading at $0.82 at the time of writing, slightly down on the day and 4% over seven ￰19￱ the outflow, the price has remained above $0.81, showing that current market activity is absorbing the sell-off for now.

Notably, throughout August, ADA had been climbing ￰20￱ trend has now slowed, and the recent reduction in whale holdings may be a sign that short-term traders are locking in ￰21￱ also coincides with a pattern forming on the ￰22￱ is now trading inside a descending ￰23￱ asset recently touched the lower edge near $0.80 and is testing resistance near $0.835. “Cardano could see another dip to $0.80 before attempting a bullish breakout,” said Ali in a recent post. A move past resistance with strong volume could open the door to $0.90 and ￰24￱ then, the price may remain between $0.80 and $0.85. Separately, Grayscale’s ADA ETF filing with the SEC remains in review, with a decision deadline set for October ￰25￱ reported by CryptoPotato , the initial filing was made in February and could make Cardano one of the first assets beyond Bitcoin and Ethereum to get an ETF.