The latest insights into Dogecoin's on-chain activity indicate a concerning trend: large investors, known as whales, are gradually reducing their involvement with the meme coin. This could potentially lead to further declines in DOGE's value, especially without the support of these influential players. Recent data reveals a notable decrease in both the number and volume of large transactions involving Dogecoin. This decline in whale activity could significantly impact the coin's stability and market sentiment. Additionally, Dogecoin's price struggles to maintain itself above key moving averages, while indicators like the RSI suggest limited volatility ahead. Overall, the diminishing interest from large investors and lack of substantial trading volume may hinder Dogecoin's ability to sustain long-term price growth.
