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Large Transaction Volume Crashes 36% In 24 Hours As Dogecoin Price Fails At $0.2, Are Whales Selling?

  • The recent Dogecoin price rally has lost steam, leading to a pullback in the price.
  • On-chain data indicates a significant decrease in the volume of large transactions, suggesting waning enthusiasm from major investors.
  • This decline in transaction volume could indicate whales reducing their exposure to Dogecoin after capitalizing on recent gains.
  • While this may not indicate a widespread sell-off, some holders are selling, and the future price movement remains uncertain.

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