Dogecoin price is still up 39% week-on-week, but the recent price dip could be more than just a minor cool-off. With over $7 billion worth of DOGE now sitting on exchanges, the highest in six months, mounting sell pressure could drag prices lower. Historical trends and shrinking HODL Waves hint that this correction may last longer than expected. Exchange Balances Hit 6-Month Highs One of the biggest warning signs right now is the surge in Dogecoin exchange balances
source: https://beincrypto.com/dogecoin-price-wobbles-7-billion-exchange-spike/