Dogecoin Faces Pressure as Large Whales Sell 120 Million DOGE
Dogecoin struggles near $0.075 after significant whale sell-offs and faces key support levels.
Dogecoin struggles near $0.075 after significant whale sell-offs and faces key support levels. Tether (USDT) is trading at $0.9991. This is an original TLT brief based on reporting by CoinJournal, with live market data added, as of Tue, 03 Nov 2026 18:15:03 UTC.
The substantial sale of 120 million DOGE by large holders could intensify downward pressure on the cryptocurrency, potentially testing crucial support levels and influencing market sentiment.
- Large wallets sold 120 million DOGE since Thursday, according to on-chain data.
- Dogecoin trades near $0.075, facing resistance between $0.079 and $0.090.
- The next major support level for DOGE is around $0.068.
- USDT transfer of 120 million to JustLendDAO adds to market activity.
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- Dogecoin Faces Pressure as Large Whales Sell 120 Million DOGE — this brief
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Dogecoin (DOGE) is experiencing downward pressure as large holders, known as whales, have sold 120 million DOGE since Thursday. This significant sell-off has contributed to the cryptocurrency's struggle to find support, with its price hovering around $0.075 on Monday.
The technical outlook for DOGE shows a challenging path ahead. The next major support level is near $0.068, according to on-chain data. Meanwhile, recovery efforts face resistance in the range of $0.079 to $0.090. This suggests that DOGE could dip lower if it fails to hold the current price level.
In addition to the whale activity, a notable transfer of 120 million USDT to JustLendDAO has caught market attention. This transfer, reported by Coinfomania, adds to the mixed signals in the broader crypto space, indicating potential shifts in market dynamics.
The broader crypto market remains relatively flat, with a total market cap of $2.67 trillion. 
Bitcoin is up 0.34% in the last 24 hours, while the Fear & Greed index stands at 26, indicating a 'Fear' sentiment among investors. 
Tether (USDT), the stablecoin involved in the large transfer, is stable at $0.998972.
The sale of 120 million DOGE by whales and the USDT transfer to JustLendDAO highlight the ongoing volatility and activity in the crypto market. Investors will be watching to see if DOGE can hold the $0.068 support level or if further declines are on the horizon.
Since this brief published about 33 hours ago, Tether (USDT) has moved from $0.999 to $0.9991 — +0.01%.
The chart plots USDT's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDT ≈ ₦1,379.8 (about $0.9991), up 0.0% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 3, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Dogecoin Faces Pressure as Large Whales Sell 120 Million DOG — questions & answers
What is the significance of the 120 million DOGE sale?
The sale by large holders adds significant downward pressure on Dogecoin, potentially leading to further declines.
What are the key support and resistance levels for DOGE?
DOGE faces resistance between $0.079 and $0.090, with support near $0.068.
How does the USDT transfer to JustLendDAO affect the market?
The transfer indicates potential shifts in market dynamics, adding to the mixed signals in the broader crypto space.
How much is 1 Tether worth in naira today?
About ₦1,379.8 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9991. The naira price moves with both USDT's US-dollar price and the USDT/NGN rate; use our Tether in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CoinJournal. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.