Japan-listed Remixpoint Inc. recently sold its Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP) holdings and booked a tidy $742,000 in doing so.

Yet, the company’s Dogecoin (CRYPTO: DOGE) sales is the most noteworthy — and not for the right reasons.

The company booked a $21,000 loss on its DOGE trade, making Dogecoin the only losing altcoin, while ETH, SOL and XRP delivered profits between $72,000 and $379,000.

The Japanese firm said it exited its positions after reviewing market conditions and their risk-return profiles, CoinDesk reported on Thursday.

Remixpoint will now focus exclusively on Bitcoin, holding roughly 1,506 BTC worth more than $115 million at Thursday’s prices.

The DOGE exit is notable given its established presence in Japan, where it has traded on registered crypto exchanges since 2022.

Is A Reversal Brewing?

Despite Remixpoint’s exit, crypto analyst Ali Martinez says Dogecoin’s correction could be nearing an end.

The Tom DeMark Sequential indicator has flashed a daily buy signal, with the chart printing a bullish reversal pattern that can indicate fading selling pressure.

Whale interest in increasing as large holders accumulated more than 400 million DOGE over five days, reinforcing an important on-chain support zone around $0.0813.

Around 35 billion DOGE previously changed hands around that level.

The analyst sees the bullish structure remaining intact if DOGE holds support, with $0.1552 and $0.1774 emerging as potential upside targets.

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