Dogecoin Whale Transactions Plunge 86%, Market Activity Declines
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Whale Transactions Plummet: Dogecoin's large transactions have dropped from 110 to just 15, an 86% decline, indicating that large holders may be reducing exposure or holding back, which could lead to decreased market liquidity and volatility.
- Price Pattern Formation: A Cup and Handle pattern is emerging on the 4-hour Dogecoin chart, with the price bouncing from $0.115 to the $0.154 zone; a breakout above this resistance could confirm the pattern and drive prices higher.
- Resistance Remains Strong: Dogecoin faced rejection at the key resistance level of $0.157, pulling back to $0.1417, and without a breakthrough, the price is likely to remain range-bound, impacting short-term trading strategies.
- Stable Trading Volume: Despite the drop in whale transactions, Dogecoin's 24-hour trading volume remains above $1.24 billion, with a 2.54% increase over the past week, indicating ongoing interest from market participants in price movements.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
