Dogecoin Price Continues to be Under Selling Pressure, Especially from its Large Holders

The broader market of cryptocurrencies has also not been spared by volatility owing to the general economic conditions. These factors have caused uncertainty

Dogecoin price continues to face selling pressure, particularly from its large holders, as observed by a 200 million DOGE transaction.

Dogecoin price experienced a 19% decrease following a large Dogecoin whale transaction.

The massive DOGE selling figures, highlighted by Santiment, contribute to market volatility and bearishness.

President Donald Trump’s recent tariff implementation is impacting the crypto market, causing market uncertainty.

Dogecoin price dropped 7.9% after the tariff announcement, falling below the $0.25 level.

Dogecoin 4-hour chart technical indicators suggest a bearish trend and continued selling pressure.

Dogecoin price continues to be under selling pressure from its large holders, a factor that has been closely monitored by the crypto community. On February 3, 2025, Binance executed a 200 million DOGE transaction valued at $49.94 Million for a Dogecoin whale. This substantial transfer had a noticeable impact on the market.

Major Whale Transaction Raises Market Concerns

Major holders, who own and control a significant portion of an asset, can alter market dynamics when they choose to move their holdings. Such transactions often cause price changes and market volatility. In the case of Dogecoin, the large whale売却s are contributing to the overall bearish sentiment.

As the large Dogecoin whales sell their holdings, the selling pressure increases, leading to price drops. This activity is evident from the market analysis, which shows that Dogecoin experienced a 19% decrease after the transfer took place. During that trading day, the coin opened at $0.247, achieved its day-high price of $0.247 which dropped further to reach its daily low of $0.2117, and finally closed trading at $0.227.

The price decline followed other market fluctuations that emerged throughout this time frame. Among the notable observations were the price movements of BTC, XRP, and DOGE, which experienced significant changes.

Crypto analyst, Ali Martinez, analyzed whale activity during the past day and it revealed that Dogecoin whales sold 270 million DOGE. This massive selling figure is bound to have an effect on the market, contributing to price volatility and bearish trends.

Moreover, Santiment data depicts a bearish sentiment among whales as they sold 270 million DOGE, while smaller traders sold 134k DOGE. This disparity in selling activity further highlights the impact of large holders in shaping market trends.

Impact of Recent Tariff Announcements on the Crypto Market

More so, President Donald Trump’s recent tariff implementation caused substantial changes across global financial markets which directly affected the cryptocurrency industry. On Friday, the markets reacted strongly to this news.

President Trump’s administration introduced 25% import tariffs targeting Canada and Mexico and tariffs toward Chinese products. Such actions triggered broad market losses across different investment categories.

Most cryptocurrency assets suffered market declines in this current period. The value of Bitcoin experienced a 2.5% decline to reach $95,344 and XRP lost 9.7% to stand at $2.35. Dogecoin price dropped by 7.9% to fall below the $0.25 level.

The price movements demonstrate how digital assets show strong reactions to government policy and worldwide events. In this case, the tariffs had a direct impact on the crypto market.

Dogecoin Price Reaction and Future Outlook

Hence, the implementation of these new tariffs caused corresponding actions from the nations affected. Canada and Mexico announced their plans to take retaliatory action along with China stating its future move to complain to the World Trade Organization.

These new trade policies create market uncertainty that could significantly alter market behavior. As a result, investors are advised to stay informed about the latest developments and adjust their strategies accordingly.

Meanwhile, the MACD indicator on Dogecoin 4-hour chart shows a bearish trend, with the MACD line (-0.01375) positioned below the signal line (-0.00635), confirming downward momentum.

Additionally, the histogram is negative, further indicating selling pressure. These signals align with the recent price decline, suggesting continued bearish sentiment.

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading crypto. Please do your own research before making any financial decisions.