Dogecoin (DOGE) Price: Surges 11% After Whales Dump 1 Billion Tokens
TLDR
Dogecoin is trading at $0.17 after dropping below $0.20, down approximately 48% in 2025
Crypto analyst Ali Martinez reports over 1 billion DOGE tokens were sold by whales in the past week
The token rose 6.2% on November 5 following a broader crypto market recovery after Tuesday’s sell-off
Elon Musk has not recently discussed Dogecoin, reducing momentum from his previous “DOGE to the moon” narrative
Federal Reserve interest rate decisions in December could impact Dogecoin’s price direction through the rest of 2025
The crypto market is experiencing high volatility. Bitcoin’s recent price drops have pulled down altcoins with it.
Dogecoin is feeling the pressure from these market movements. The meme coin lost its $0.20 support level following yesterday’s pullback.
DOGE is now trading at $0.17 as it attempts to recover. This represents a drop of approximately 48% for the year 2025.
Crypto analyst Ali Martinez shared data showing over 1 billion Dogecoin tokens were sold by whales in the past week. These large holders appear to be taking profits and moving capital elsewhere.
Over 1 billion Dogecoin $DOGE sold by whales in the past week! pic.twitter.com/pjUwFAqtEM
— Ali (@ali_charts) November 4, 2025
The sell-off signals that major investors are trying to avoid further losses. Whale activity often indicates broader sentiment shifts in the market.
On November 5, Dogecoin showed some recovery with a 6.2% price increase over 24 hours. Bitcoin rose 3.5% during the same period while Ethereum gained 6%.
Market Volatility Drives Trading Action
The recovery came after a major sell-off on Tuesday. Investors reacted to assessments suggesting cryptocurrency valuations had reached overvalued territory.
Stock prices also dropped during Tuesday’s market downturn. Both cryptocurrencies and equities saw buying activity return the following day.
Two catalysts drove the recovery momentum. ADP published private-sector jobs numbers for October showing 42,000 new jobs.
This exceeded the average forecast of 29,000 job additions. News about the Supreme Court potentially limiting presidential tariff powers may have also contributed to the rally.
Elon Musk Factor Fades
Elon Musk’s “DOGE to the moon” narrative has historically driven price increases since 2021. However, Musk has not recently discussed the token.
Beautiful! Someone say the Dogecoin candle
Doge is bouncing off the Support Demand Block.
Target: $1.00 – $4.00$doge pic.twitter.com/u4aPEg8TSt
— Shan Specter (@Shan_Specter) November 5, 2025
The reduced attention from Musk appears to have weakened bullish momentum. Market observers note that Dogecoin lacks utility offerings beyond its meme status.
Investors have been diversifying into utility-driven crypto projects. This shift has led to increased liquidations of Dogecoin holdings.
The Federal Reserve’s December meeting could prove crucial for Dogecoin’s direction. Interest rate decisions will likely impact the broader crypto market.
Macroeconomic and geopolitical developments continue to drive valuation swings. The outlook on potential Federal Reserve rate cuts remains the most important factor through the rest of 2025.
The post Dogecoin (DOGE) Price: Surges 11% After Whales Dump 1 Billion Tokens appeared first on CoinCentral.
Filed under: News - @ November 6, 2025 8:32 am