Cryptocurrency analyst and trader Ali Martinez, known on the X social media platform as @ali_charts, has published recently accumulated analytics data about the recent activities of Dogecoin large holders known within the community as “whales.”
Whales dispose of 1.32 billion DOGE
Over past few days, they have unloaded an astounding amount of roughly 1,320,000,000 DOGE meme coins. The drop in their holdings over the past 48 hours was detected by the on-chain data company Santiment, whose chart Martinez shared with his X followers.
Whales sold over 1.32 billion #Dogecoin $DOGE in the last 48 hours, as shown by data from @santimentfeed! pic.twitter.com/K3n6sD03Kl
— Ali (@ali_charts) April 9, 2025
The chart shows that the whales who dumped the aforementioned mind-blowing amount of Dogecoin each hold a minimum of 1,000,000,000 coins in their wallets. This decline in whales’ holdings occurred on April 7 and Aril 8, when the DOGE price faced a massive 22% crash, falling from $0.168 to $0.131 on those two days.
That was part of a bigger price drop that started on March 25, when Dogecoin lost a local high of $0.206 and since then has dropped by 28.6%, landing on the $0.147 price mark where it is changing hands at the time of this writing.
50.8% DOGE supply in profit now
According to a report published by another popular on-chain data aggregator, Glassnode, Dogecoin has recently been among the most profitable assets. Glassnode’s data reveals that 50.8% of the DOGE supply year-to-date has been in profit, meaning that the amount of Dogecoin held by investors is worth more than what it was bought for initially.
Other top cryptocurrencies were also on this list – Bitcoin, Ethereum, Toncoin, Solana, etc, – showing profitability of 76.8%, 44.9%, 76.7%, 31.6%. All these were surpassed by just two top-ten cryptocurrencies – XRP and TRX with 81.6% and 84.6% of their supplies being in profit now.
300 million DOGE deposited to Binance by anon whale
Earlier this week, prominent blockchain tracker Whale Alert noticed a gargantuan transfer of Dogecoin targeted at the world’s largest crypto exchange, Binance. The transaction carries a whopping 300,000,000 DOGE and was made from an anonymous wallet, most likely indicating a potential further sale.
This serves as a confirmation to the Santiment report about whales dumping part of their DOGE bags as the coin’s price went down in a free fall, following that massive decline of Bitcoin as a reaction to the market uncertainty caused by the new round of trade tariffs implemented by the US.
