Dogecoin’s drop to $0.16 reflects intensified institutional selling, with surging volumes and whale distribution reinforcing bearish momentum in the broader crypto market.
Dogecoin fell 5% to $0.16, breaking key support levels amid heavy institutional-led selling and large-holder outflows totaling $440 million in DOGE. Trading volume spiked to 2.05 billion tokens, 94% above the daily average, as the price dropped below the $0.1590 floor before stabilizing near $0.1550. Attempts to recover were capped below $0.1700, confirming continued resistance. Technicals show a lower-high, lower-low pattern with short-term support at $0.1550–$0.1555 and potential downside to $0.1520–$0.1500. XRP also plunged 6.4% to $2.20, with trading volume 126% above average as institutional selling intensified. Meanwhile, Zcash’s shielded adoption climbed to 20–25% of circulating ZEC, with 30% of transactions now private, and Project Tachyon aims to boost throughput to thousands of private transactions per second.