1,000,000,000 Dogecoin (DOGE) Sold by Millionaires: Is Meme Coin Era Ending?

It’s finally happened: the biggest Dogecoin holders have just gone broke a billion DOGE coins in a single week, and the chart doesn’t need much explanation. Between late October and early November, portfolios holding between 10 million and 100 million DOGE hit the market with some serious selling pressure.

The supply they control has fallen to around 22.9 billion DOGE, the lowest it has been since mid-summer.

DOGE/USDT hit a roadblock at the price of $0.17, falling to $0.162 since November 4. It is similar to what happened in March, with many bounces, failed attempts to retake $0.20 and then a decisive flow.

There’s no external trigger here—no Elon Musk tweet, no new exchange list, no catalyst for memes. It’s just a bunch of whales leaving the field as retail buyers continue to try to figure out where the bottom is.

Risks for Dogecoin (DOGE)

You can see this sale in every layer of data. Santiment shows a drop in whale portfolios, Binance order books show imbalances and volume spikes show that they were not minor portfolio adjustments. It’s full-scale off-loading. The last time we saw this kind of behavior was before DOGE went from $0.26 to $0.12.

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Traders who have kept an eye on this range know what it means: once these portfolios start to clear, the market usually takes a break for a few weeks before rebounding. At the moment, DOGE is at riskwith support around $0.15 the last recognized structure before the $0.10 psychological zone.