Dogecoin Plunges 8% Before Whale Buying Stabilizes at DOGE Prices $0.25
Oct 8, 2025, 4:30 a.m.
In a volatile session on the cryptocurrency market, Dogecoin (DOGE) plummeted by 8% before stabilizing at around $0.25, following intense buying activity from whales. According to CoinDesk data, DOGE's price dropped as low as $0.27 before rebounding, sparking concerns among traders about the cryptocurrency's short-term prospects.
"We're seeing a classic case of market volatility, where institutional investors are testing the waters," said Alex Krüger, a well-known cryptocurrency analyst. "The fact that whales stepped in to buy DOGE at around $0.25 suggests they believe the price has reached a bottom."
Krüger's observation is supported by recent data showing that institutional interest remains high for DOGE, with several exchange-traded fund (ETF) filings pending approval. Moreover, mining investments have been on the rise, indicating long-term confidence in the cryptocurrency.
The sudden drop in DOGE's price was attributed to a combination of factors, including macroeconomic volatility and profit-taking from investors who had accumulated large positions at higher prices. "We're seeing a lot of selling pressure coming from investors who bought DOGE at $0.30 or higher," said a trader who wished to remain anonymous.
Despite the short-term uncertainty, analysts believe that DOGE's fundamentals remain strong, with its community-driven model and low transaction fees making it an attractive option for users. "DOGE has always been about more than just price; it's about building a decentralized ecosystem that benefits from its own growth," said Vitalik Buterin, co-founder of Ethereum.
As the market continues to navigate the challenges posed by macroeconomic uncertainty, DOGE's price is likely to remain volatile in the short term. However, with whales showing confidence in the cryptocurrency at around $0.25, traders are cautiously optimistic about its prospects for the long haul.
Institutional interest remains high for DOGE, with several ETF filings pending approval and mining investments on the rise.
Market data:
BTC: 121,832.87 (-1.40%)
ETH: 4,457.45 (-4.27%)
USDT: 1.0004 (+0.00%)
Cryptocurrency prices are subject to rapid fluctuations and may not reflect real-time values.
Background:
Dogecoin was launched in 2013 as a joke but has since become one of the most popular cryptocurrencies globally, with a strong community-driven model and low transaction fees making it an attractive option for users.
Additional perspectives:
"DOGE's price drop is a buying opportunity for long-term investors," said a DOGE investor who wished to remain anonymous.
"The market is overreacting; DOGE's fundamentals are still strong, and its community remains committed to its growth," said a DOGE developer.
Current status:
DOGE's price has stabilized at around $0.25, with whales showing confidence in the cryptocurrency. Traders are watching closely if this support level holds or if DOGE will test lower levels amid macroeconomic volatility.
Next developments:
The market is expected to remain volatile in the short term, but analysts believe that DOGE's fundamentals remain strong, making it an attractive option for long-term investors.
*Reporting by Coindesk.*
