Dogecoin switch of 203,556,622 $Doge It has gained consideration within the final 24 hours. Whale Alert reported actions of 203,556,622 individuals $Doge The equal of $20,059,987 was transferred to Robinhood from an unknown pockets.
An identical development was seen on February 4th, when the variety of individuals elevated to 277,731,894. $Doge The equal of $29,491,644 was transferred to Robinhood from an unknown pockets.
🚨 203,556,622 #$Doge (20,059,987 USD) from unknown pockets to #Robinhood https://t.co/o18i9psMhR?from=article-links
— Whale Alert (@whale_alert) February 6, 2026
Dogecoin worth has additionally rebounded almost 6% prior to now 24 hours, reversing its downward development this week.
Cryptocurrencies have been risky since October’s brutal crash that eroded market confidence. Promoting has elevated this week as leveraged bets unwind and market volatility will increase.
Delays within the launch of essential US financial indicators as a result of partial authorities shutdown additionally contributed to the market hunch. Traders additionally proceed to retreat from risk-on belongings, prompting main cryptocurrencies to fall sharply.
Alongside these traces, Dogecoin fell for 3 consecutive days this week, hitting a low of $0.0799 on February sixth.
The sell-off was pushed by risk-off positioning and heavy derivatives hypothesis, with futures buying and selling volumes surging at the same time as spot buying and selling declined.
Dogecoin hit a low of $0.0799 on Friday after which rebounded sharply, reaching $0.10 earlier than falling again.
What’s subsequent?
As cryptocurrencies decline, we see an total decline in market depth, which is a typical signal of decreased liquidity and amplifies worth actions during times of volatility.
In keeping with Kaitaka, market depth averages 1%. $Doge It fell from about $12 million on January 1, 2026 to $10 million in early February. Extra broadly, the market depth of a number of crypto belongings has declined by tons of of hundreds of {dollars} in latest weeks.
Merchants see $0.07 as an essential help degree, and a breakout under might open the value to $0.05. In keeping with Alicharts, Dogecoin has stable help close to $0.054. A rebound above $0.106-$0.110 could also be wanted to maintain the restoration.
