This decline continues the trend seen over the past week, with Dogecoin losing approximately 4.40% of its value. Dogecoin Whale Activity Drops 95% Amid Price ConsolidationOver the past four weeks, large transactions on the Dogecoin ($DOGE) network, defined as transfers exceeding $1 million, have plummeted sharply. The decline in whale transactions coincides with DOGE’s , where the token has hovered in the $0.121–$0.124 range. Reduced whale activity often leads to lower liquidity for large trades, which can increase price volatility if demand suddenly spikes. Dogecoin Enters Cycle 3: Analysts Project Potential 4,100% GainMeanwhile, according to the by analyst Bitcoinsensus, Dogecoin appears to be entering Cycle 3, which mirrors the pattern seen in the previous two cycles.