Dogecoin News Today: Dogecoin Drops 8% as Major Investors Sell Off Meme-Coin Holdings

Dogecoin (DOGE) dropped by 8% to $0.1697 on Tuesday, with significant institutional selling and a sharp rise in trading activity pointing to a change in market sentiment, as reported by

. The decline, which broke through important support thresholds, was driven by $440 million in large holder sales and a 426% jump in daily trading volume, reaching 3.37 billion tokens. This followed an unsuccessful effort to hold the $0.1787 Fibonacci retracement, which set off algorithmic liquidations and a wave of stop-loss triggers, intensifying the sell-off.

Market technicians highlighted the importance of the drop below $0.18, a support area that had held since early October. “Losing this level signals ongoing institutional selling across meme coins,” one strategist observed, adding that every bounce was met with renewed selling. Intraday figures revealed the most intense selling occurred between 03:00 and 05:00 UTC, with trading volumes surpassing 1 billion tokens at their peak. The session ended near its lowest point, indicating continued bearish dominance, according to CoinDesk.

On-chain data further supported the negative outlook. Daily outflows reached $22.27 million, and futures trading volume climbed 50% to $5.25 billion, even as open interest fell by 4%—a sign of widespread deleveraging rather than new speculative bets, CoinDesk noted. Momentum readings, such as the RSI, dropped to 34.7, approaching levels that have previously led to short-term rebounds. Still, experts warn that a sustained turnaround would require a daily close above $0.18–$0.185 to reverse the bearish trend.

Amid these price swings, crypto exchanges increased availability of

derivatives. Webull Corporation (NASDAQ: BULL) expanded its crypto futures lineup to include and (SOL), allowing U.S. retail traders to access leveraged derivatives on the top 10 cryptocurrencies by market value, according to a . This expansion, part of Webull’s collaboration with Derivatives, follows the platform’s relaunch of crypto trading for U.S. customers in August 2025. Webull CEO Anthony Denier said the company’s goal is to make derivatives more accessible, stating, “We’re providing investors with resources to navigate the changing digital asset market.”

This growth reflects a wider trend of institutional interest in Dogecoin. In other major news, Brag House Holdings, Inc. (NASDAQ: TBH) revealed a merger with House of Doge Inc.—the official business arm of the Dogecoin Foundation—to form a financial infrastructure firm focused on digital payments, asset management, and real-world asset (RWA) tokenization, as detailed in a

. The new company, led by Marco Margiotta, plans to use Dogecoin’s $30 billion market cap and 6.1 million holders to develop institutional-grade infrastructure. Brag House CEO Lavell Juan Malloy II stressed their “Culture to Capital” approach, saying, “We’re linking Dogecoin’s vast community to a global financial network.”

Despite the positive outlook from the merger, short-term traders remain wary. Analysts caution that any rally toward the $0.1760–$0.1800 range could be quickly rejected unless overall market sentiment improves. With large holders selling and leverage decreasing, short-term volatility is likely to remain high until a drop in trading volume signals a potential bottom, according to CoinDesk.