As of July 21, 2025, Dogecoin balances on exchanges have hit 26.1 billion DOGE, the highest in half a year, indicating potential sell-offs. Historical data shows that spikes in exchange balances often lead to price corrections.
Recent HODL Waves indicate that medium and short-term holders are losing confidence in DOGE, with a significant drop in the percentage of holders. If the price drops under 0.24 USD, it could further exacerbate the bearish trend.
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