Large Dogecoin holders have gone quiet, with activity dropping to its lowest level in 60 days, according to data shared by crypto analyst Ali Martinez on Sunday, Nov. 30.
Martinez said there were only four large Dogecoin transactions, a big drop from the recent peak of 38. This slowdown comes at a time when Dogecoin has shown a small price bounce, leaving traders wondering whether the move has real strength behind it.
Despite the short-term uptick, Dogecoin is still trading below its 200-day exponential moving average, a level many traders watch closely. Technical indicators don’t look strong either. The RSI, which measures momentum, has stayed weak since Dogecoin’s rally from June to September ended.
Martinez often shares this kind of market data with his followers, and his latest update shows that major Dogecoin holders — often called “whales” — have sharply pulled back their activity. This marks a noticeable shift from recent months, when whale transactions were nearly ten times higher than they are now.
Dogecoin, which started as a joke in 2013, is still one of the most traded cryptocurrencies by market cap. But like always, it remains highly volatile, with price swings often driven by social media hype and big-money traders.
As of Monday, Dogecoin is down 27% over the past month, adding more pressure to a market already watching whale behavior closely.
The sudden silence from large holders has many traders asking the same question: Is this just a pause — or a warning sign?
