Dogecoin Whale Activity Hits Two-Month Low Amid ETF Launch

As reported by Biji.com, Dogecoin whale activity has dropped to a two-month low, raising speculation about the reasons behind the silence of major holders. According to crypto analyst Ali, the decline in whale activity follows a period of relative calm in the market, with price volatility that once attracted retail traders now subdued. Dogecoin has traded between $0.133 and $0.20 since mid-October, with $0.20 acting as a key resistance level. Over the past 30 days, Dogecoin has fallen nearly 19% amid broader crypto declines. A new ETF catalyst emerged this week with the launch of Grayscale’s GDOG and Bitwise’s DOGE product, but whale inactivity and technical weakness leave the short-term outlook uncertain. Grayscale’s Dogecoin ETF (GDOG) debuted on the NYSE with a trading volume of just $1.4 million, below expectations. The U.S. regulator is still reviewing 21Shares’ unleveraged Dogecoin ETF application.