On-chain data reveals significant Dogecoin<\/a> distribution by whales<\/strong> since the beginning of the month. More than 3 billion tokens have been sold by major holders in just 30 days<\/strong>, exerting considerable bearish pressure on the price of DOGE<\/strong>. This large-scale liquidation represents a transaction volume of $520 million<\/strong>, a figure that illustrates the magnitude of the exit movement by these institutional or wealthy investors.<\/p>\n\n\n\n The timing of this sell-off<\/strong> raises questions. While the global crypto market<\/strong> shows certain resilience and Bitcoin maintains relatively stable levels, Dogecoin<\/a><\/strong> struggles to regain its momentum. The price of the memecoin<\/strong> currently trades around $0.17<\/strong>, far from its historical highs above $0.70<\/strong> reached during the 2021 bull run<\/strong>.<\/p>\n\n\n\n This massive distribution by large holders suggests several hypotheses. Some analysts see it as profit-taking<\/strong> after recent rallies, while others point to a strategic repositioning toward other crypto assets<\/strong> deemed more promising. The Dogecoin market structure remains vulnerable to these whale movements, given the significant concentration of tokens in few hands.<\/p>\n\n\n\n