Dogecoin Price Suffers as Whales Turn Attention Towards POS Blockchain Tokens, Which Token Are They Turning to?

Dogecoin’s been slipping lately—after hitting $0.26 in May, it's dropped back to around $0.22. The reason? Whales are moving on. Big holders have started unloading, with over $40 million in DOGE sold in recent weeks, causing price pressure.

So, where’s the money going? Not where you'd expect. While Cardano saw some early inflows, the latest data shows whales are now eyeing Coldware ($COLD) —a Proof-of-Stake project with real hardware integration that's quickly picking up steam. 

As meme coins lose steam, investors seem to be chasing utility and fresh upside instead.

The POS Shift: Cardano Loses Steam as Coldware Gains Ground

So, where are the whales heading now? At first, Cardano (ADA) looked like the go-to Proof-of-Stake (POS) pick. CCN reported in late May that whale wallets holding 10–100 million ADA boosted their holdings by around 170 million tokens—worth $128 million—in just a week.

But that excitement faded fast. New data from Santiment shows whales with 100 million to 1 billion ADA cut back heavily, dropping from 3.4 billion tokens in April to just 3.02 billion. That’s a big red flag from crypto’s biggest players.

“Cardano’s issue isn’t just chart-related—it’s institutional,” says strategist Victor Olanrewaju. “When whales exit like this, they’re shifting to what they see as stronger bets.”

And that’s where we come to Coldware ($COLD) . This rising POS project is now grabbing serious attention. Its presale is already 60% filled and speeding up. Unlike typical smart contract platforms, Coldware brings hardware into the mix—offering end-to-end encrypted devices built to work with its blockchain.

“The rotation is intentional,” explains a respected crypto expert. “Whales want POS tokens with real-world utility. Coldware delivers that through its hardware-focused ecosystem.”

For former Dogecoin whales worried about energy use and scalability, Coldware’s LiteNode system is a big draw. It allows users to stake and launch tokens right from mobile—no costly rigs or deep technical know-how required.

Dogecoin’s Whales Are On the Move—But Not in the Direction You'd Expect

Dogecoin had a solid run earlier this year, jumping from $0.16 in April to nearly $0.26 by mid-May. A big part of that rally? Whales. Massive holders piled in fast, grabbing over a billion DOGE in just a few weeks, according to Santiment.

But that momentum didn’t last. A recent CoinDesk report from May 21st revealed those same whales dumped around 170 million DOGE—over $40 million worth—in just a few days. That sudden shift has left many retail holders asking: what changed?

“The initial buying spree looked bullish,” says BraveNewCoin analyst Sarah Chen. “But this kind of fast sell-off usually means whales are moving on to better opportunities.”

Technically, DOGE still shows signs of life. It's holding support near $0.218, but resistance around $0.233 keeps pushing it back—and every failed breakout seems to trigger more selling.

The kicker? These whale exits line up almost perfectly with a spike in activity across several Proof-of-Stake (PoS) projects. It’s not a full retreat from crypto—it’s a rotation. Transactions over $100K in DOGE dropped 18% in late May, while big-money moves into PoS chains rose more than 30%. 

Final Thoughts

Dogecoin's recent dip isn’t just market noise—it’s part of a bigger shift. As whales move away from hype-driven assets, they're chasing real utility, and Coldware ($COLD) is quickly becoming their top choice.

With its hardware-integrated blockchain and growing presale momentum, it offers what today’s investors want: practical use, scalability, and growth potential. 

For more information:

Website: Coldware (COLD)

Telegram: https://t.me/coldwarenetwork

X: https://x.com/ColdwareNetwork

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