Dogecoin Whales Acquire 250 Million DOGE Worth $80M, Signaling Strong Interest

In a noteworthy move, Dogecoin [DOGE] whales have acquired an additional 250 million DOGE – valued at $80 million – signaling strong interest from large investors.

Dogecoin [DOGE] whales have gone on a shopping spree, adding a whopping 250 million DOGE to their already bursting wallets. At current prices, this stash of memecoins is valued at a hefty $80 million. The massive purchases have sparked curiosity and raised questions about the direction of Dogecoin’s price movements.

Recent market activity has highlighted the role of whales in driving dogecoin price movements. According to Santiment data, transactions above $1 million surged during key price swings.

As DOGE rallied toward $0.47, whale activity spiked significantly, indicating their role in amplifying the price momentum. Despite the recent downturn to $0.31, these large-scale transactions remained robust, showcasing the interest of whales in the memecoin's price movements.

Dogecoin’s price movements have been anything but dull. After rallying to a yearly high of $0.47, DOGE retraced sharply, eventually settling around $0.31. The RSI indicates a neutral stance at 51.29, suggesting neither overbought nor oversold conditions.

However, OBV reveals declining accumulation, hinting at waning buyer interest. The drop in price coincides with broader market corrections, although Dogecoin’s volatility is amplified by whale activity.

Sentiment around the memecoin shows cautious optimism, with high trading volumes signaling active market participation. If DOGE can reclaim $0.35, bullish momentum might return. However, failure to defend $0.30 could invite further downside.