Dogecoin’s whales go missing – Is the memecoin’s hype finally fading? – BitRss

• Dogecoin’s whale transactions have fallen drastically over the last few weeks
• Market sentiment was bearish as DOGE ($0.25) struggled below $0.25 on the charts

Dogecoin, once at the center of the memecoin mania, is now seeing a sharp drop in whale transactions and overall market activity. Large-scale transactions have dried up significantly, and retail engagement has followed suit too.

With DOGE’s price struggling to find stability right now, many are questioning whether this is just a temporary cool-down or a sign that the hype is fading altogether.

DOGE whale transactions dry up

Dogecoin’s whale activity has seen a drastic decline over the past few weeks, coinciding with a sharp downturn in price and overall market sentiment.

Large transfers worth $100k or more dropped significantly, from 20.2k weekly transactions to just 6.2k. Meanwhile, transactions exceeding $1 million tumbled from 3,490 to 850 over the same period. Such a sharp reduction hinted that whales are either exiting the market or choosing to sit on the …