{"id":93979,"date":"2025-09-05T07:25:33","date_gmt":"2025-09-05T07:25:33","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=93979"},"modified":"2025-09-05T07:25:33","modified_gmt":"2025-09-05T07:25:33","slug":"whale-panic-200000000-doge-and-50000000-ada-sold-in-48-hours","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=93979","title":{"rendered":"Whale Panic? 200,000,000 DOGE and 50,000,000 ADA Sold in 48 Hours"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Dogecoin whales dumped 200 million tokens while the price hovers at $0.21, raising pressure.
\nDOGE forms lower highs as whales exit\u2014$0.19 support could be tested if the trend continues.
\nADA whales sold 50 million coins, hinting at a correction after steady August gains.
\nCardano\u2019s price nears $0.80 support in a wedge, with potential breakout targets $0.90\u2013$0.92 range.<\/p>\n

DOGE Whales Sell Off $200M Tokens as Price Holds Steady<\/h2>\n

Over the past 48 hours, large Dogecoin wallets holding between 10 million and 100 million DOGE reduced their balances by a combined 200 million tokens. The move was flagged by analyst Ali Martinez, who shared recent on-chain activity showing a drop in whale holdings.<\/p>\n

Whales sold 200 million Dogeoin $DOGE<\/a> in the last 48 hours! pic.twitter.com\/LB1LEXzINZ<\/a><\/p>\n

\u2014 Ali (@ali_charts) September 4, 2025<\/a><\/p>\n\n

DOGE was trading at $0.21 at press time. The asset has slipped almost 1% in the past day and 4% over the last week, according to Coingecko data. Despite the size of the sell-off, price action has remained stable for now, though the trend points to rising pressure.<\/p>\n

Interestingly, this isn\u2019t the first sign of outflows from major holders. In late July and early August, whale wallets started reducing exposure while the price stayed range-bound. This kind of pattern often comes ahead of a broader move down, as larger players exit quietly before momentum shifts.<\/p>\n

Recent chart data shows a clear series of lower highs. Combined with falling whale balances, the setup suggests that a move toward $0.19 could be possible if selling continues. Support sits just above $0.215, with key resistance levels around $0.222 and $0.224.<\/p>\n

On the technical side, trader Tardigrade noted<\/a> that the daily Ichimoku chart flashed a weak bearish cross above the Kumo cloud on August 31. The asset remains inside the cloud, which usually signals indecision or consolidation. No confirmed breakout or breakdown has followed yet.<\/p>\n

Meanwhile, Bloomberg\u2019s Eric Balchunas said<\/a> Rex may be preparing to launch a Dogecoin ETF under the 40 Act. If approved, it could become the first listed ETF tied to DOGE, ahead of other filings involving TRUMP, XRP, and BONK.<\/p>\n

ADA Whale Wallets Reduce Holdings by 50 Million<\/h2>\n

In the same timeframe, Cardano saw 50 million ADA sold by wallets holding between 1 million and 10 million tokens. This drop was also shared by Martinez and matches a visible decline in whale holdings on tracking platforms.<\/p>\n

50 million Cardano $ADA<\/a> sold by whales in 48 hours! pic.twitter.com\/rZb8g67pLu<\/a><\/p>\n

\u2014 Ali (@ali_charts) September 5, 2025<\/a><\/p>\n\n

ADA was trading at $0.82 at the time of writing, slightly down on the day and 4% over seven days. Despite the outflow, the price has remained above $0.81, showing that current market activity is absorbing<\/a> the sell-off for now.<\/p>\n

Notably, throughout August, ADA had been climbing steadily. That trend has now slowed, and the recent reduction in whale holdings may be a sign that short-term traders are locking in profits. It also coincides with a pattern forming on the charts.<\/p>\n

Cardano is now trading inside a descending wedge. The asset recently touched the lower edge near $0.80 and is testing resistance near $0.835.<\/p>\n

\u201cCardano could see another dip to $0.80 before attempting a bullish breakout,\u201d said Ali in a recent post.<\/p>\n

A move past resistance with strong volume could open the door to $0.90 and above. Until then, the price may remain between $0.80 and $0.85.<\/p>\n

Separately, Grayscale\u2019s ADA ETF filing with the SEC remains in review, with a decision deadline set for October 26. As reported<\/a> by CryptoPotato<\/em>, the initial filing was made in February and could make Cardano one of the first assets beyond Bitcoin and Ethereum to get an ETF.<\/p>\n

The post Whale Panic? 200,000,000 DOGE and 50,000,000 ADA Sold in 48 Hours<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Dogecoin whales dumped 200 million tokens while the price hovers at $0.21, raising pressure. DOGE forms lower highs as whales exit\u2014$0.19 support could be tested if the trend continues. ADA whales sold 50 million coins, hinting at a correction after steady August gains. Cardano\u2019s price nears $0.80 support in a wedge, with potential breakout […]<\/p>\n","protected":false},"author":0,"featured_media":93980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93979"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93979"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/93980"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}