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Crypto analyst Ali Martinez (@ali_charts on X) reported significant Dogecoin (DOGE) selling activity by whales. On-chain data indicates over half a billion DOGE, from whales holding between 10 million and 100 million DOGE, were sold. This coincided with a 7.2% price drop, from $0.1680 to $0.15594.

Whales have unloaded over 570 million #Dogecoin $DOGE in the past week! pic.twitter.com/rBhd4beokH— Ali (@ali_charts) April 18, 2025

Separately, Whale Alert tracked a 478,000,000 DOGE transaction ($72,980,331) between anonymous addresses two days prior. Combined with the previous report, this totals over 1 billion DOGE sold within a week.

The community speculates on the transaction's purpose, suggesting possibilities like exchange reshuffling, internal whale transfers, or large over-the-counter trades. Despite this activity, and Elon Musk's reduced engagement with DOGE, the coin remains a significant market player.

Binance CEO Richard Teng tweeted about the positive impact of cryptocurrency on financial transfers, particularly remittances. He highlighted the substantial savings in transfer fees, crucial for individuals in developing economies sending money home to support their families.

The impact of reduced transfer fees through cryptocurrency can't be overstated. For many in developing economies, these savings help stretch earnings further and provide vital support to loved ones across borders.— Richard Teng (@_RichardTeng) April 18, 2025

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