Dogecoin Faces Sell Pressure as 5 Billion Coins Hit Exchanges

Dogecoin (DOGE) has suffered a double-digit price decline over the past week. This comes as investors race to offload holdings and lock in gains from its recent rally.   After climbing to a multi-month high this month, the meme coin now faces significant sell-side pressure that has intensified across major exchanges. DOGE’s Rally in Jeopardy as Traders Dump 5 Billion Coins into Exchanges According to data from on-chain analytics platform Glassnode, DOGE’s Exchange Net Position has steadily increased over the past week, closing at a 3-year high of 5 billion coins on Sunday source: https://beincrypto.com/doge-price-dip-3-year-high-exchange-inflows/