Dogecoin Whales Vanish: Large Transactions Drop By 88%

Large Dogecoin transactions over $1 million have dropped by 88% since a peak in mid-November, indicating decreased activity from large holders (whales). Currently, there are only about 25 such transactions per day. This decline coincides with a drop in Dogecoin's price. A metric comparing market value to realized value has also fallen below its 200-day moving average, a pattern that historically preceded price drops of 26% and 44%. Dogecoin is currently trading around $0.264, up about 6% over the past week.