{"id":135706,"date":"2024-08-17T09:00:05","date_gmt":"2024-08-17T06:00:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135706"},"modified":"2024-08-17T08:17:32","modified_gmt":"2024-08-17T05:17:32","slug":"dogecoin-faces-price-correction-as-whale-activity-declines","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/dogecoin-faces-price-correction-as-whale-activity-declines\/","title":{"rendered":"Dogecoin Faces Price Correction as Whale Activity Declines"},"content":{"rendered":"<p>The cryptocurrency, which is currently valued at $0.10, has seen its price drop by 16% over the last month.<\/p>\n<p>This decline appears to be linked to a noticeable decrease in activity from large investors, or \u201cwhales.\u201d Data from IntoTheBlock reveals a sharp reduction in high-value transactions involving <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/dogecoin\/\">DOGE<\/a><\/strong>.<\/p>\n<p><img decoding=\"async\" class=\"\" src=\"https:\/\/beincrypto.com\/wp-content\/uploads\/2024\/08\/ITB_doge_transaction_count_by_size_undefined_2024-08-16T09_10_07.655Z.png\" alt=\"Dogecoin Transactions Count by Size\" width=\"762\" height=\"508\"><\/p>\n<p>Specifically, the number of transactions between $1 million and $10 million has plummeted by 62%, while transactions exceeding $10 million have dropped by 67%.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-135680\" href=\"https:\/\/cryptodnes.bg\/en\/is-bitcoin-losing-correlation-with-traditional-markets\/\" title=\"Is Bitcoin Losing Correlation With Traditional Markets?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/1455-5d0130aae31dc-240x170.\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Is Bitcoin Losing Correlation With Traditional Markets?<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>This decrease in large transactions suggests a loss of confidence among these big players. The decline is further supported by a 383% drop in the Large Holders Netflow to Exchange Netflow Ratio, which measures the movement of significant DOGE holdings.<\/p>\n<p><img decoding=\"async\" class=\"\" src=\"https:\/\/beincrypto.com\/wp-content\/uploads\/2024\/08\/ITB_doge_large_holders_netflow_to_exchange_netflow_ratio_dogecoin_2024-08-16T09_09_47.244Z.png\" alt=\"DOGE\u2019s Large Holders Netflow to Exchange Netflow Ratio\" width=\"721\" height=\"481\"><\/p>\n<p>This dramatic shift indicates that whales are less active in accumulating DOGE, contributing to the asset\u2019s bearish outlook and putting additional pressure on its price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently, Dogecoin (DOGE), a major player in the meme coin market, has struggled significantly.<\/p>\n","protected":false},"author":3,"featured_media":37022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[110,108,248],"coin_category":[],"class_list":["post-135706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-doge","tag-price","tag-whales"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dogecoin Faces Price Correction as Whale Activity Declines<\/title>\n<meta name=\"description\" content=\"Recently, Dogecoin (DOGE), a major player in the meme coin market, has struggled significantly.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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