Dogecoin Holds $0.20 as Whales Sell 500 Million DOGE and Futures Open Interest Drops 61%

Dogecoin price holds at $0.20 despite large investors selling over 500 million DOGE tokens in the past week. On-chain data show a 61% drop in futures open interest to $1.95 billion, signaling widespread liquidations. Trading volume rose 17.5% to nearly $2 billion, with sellers dominating. Technical indicators suggest further downside risk, including a potential 'death cross' on the daily chart.