Dogecoin Whales Stay on Sidelines as DOGE Slides 64.3% Over Past Year

By late 2025, Dogecoin was logging its third straight monthly decline, with large holders showing little trading activity for four weeks. DOGE fell 21.69% in November and was down 11.42% so far in December, trading at $0.1294 below its 50-day moving average at $0.138. The token has dropped 64.3% on a one-year basis, even as 8.13 million nonempty wallets remain active on the network.