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Dogecoin Falls 13% as Whales Sell 680 Million DOGE Tokens
Recent on-chain data indicates a significant selling activity among Dogecoin (DOGE) whales, potentially contributing to the token's decline from its $0.307 high.
Key Facts:
- Dogecoin whales, defined as holders of 100 million to 1 billion DOGE, have reduced their holdings by 680 million tokens, worth approximately $181 million, over four days.
- This selloff coincided with DOGE's price recovery to $0.307 and has since led to a 13% decrease in value.
- The trend in whale activity is being closely monitored, as it may influence future price movements.

Similar whale behavior has been observed with XRP, where large investors have offloaded 200 million tokens, valued at $605.5 million.

Current DOGE Price
Dogecoin is currently priced at $0.264, showing a 1.5% increase in the past 24 hours.
