Dogecoin whales are making moves again, scooping up a whopping 560 million DOGE tokens in just one week, as market conditions become more favorable. This underscores the renewed interest and growing confidence in Dogecoin’s future potential. As demand surges, crypto community members ponder the reasons behind the massive accumulation and the impact on the price of Dogecoin.
Dogecoin Whales Gobble Up 560 Million Tokens
are back in action, as reports from crypto analyst Ali Martinez that these deep-pocketed investors, often called “Whales,” have been aggressively adding to their Dogecoin holdings., typically defined as transfers exceeding $100,000, have risen lately, suggesting strategic accumulation among investors.
Martinez disclosed in his X (formerly Twitter) post on January 31 that Whales have accumulated 560 million DOGE tokens in one week. This comes after the market experienced a deep selloff, with many investors opting to liquidate their bags for profit due to.
Following its, Dogecoin has been struggling to reclaim previous price highs and spark a rally past its ATH of $0.74. The cryptocurrency had risen above $0.4 initially, triggering excitement amongst analysts as multiplespread the market. After this significant price increase, the Dogecoin price and has been attempting to break resistance levels ever since.
Due to bearish pressures and unexpected declines, the market experienced an intense sell off. However, now, Dogecoin whales seem to be diving back into the market with vigor, gobbling up as many DOGE tokens as possible.
Just before, Martinez reported in another that Dogecoin whales had initiated a monumental transaction, acquiring a whopping 1.83 billion DOGE tokens within 48 hours. This massive has caught the attention of crypto community members, with many pondering the impact of these large-scale transactions.
Notably, a crypto member, Mohd Atif, had on the recent rise in whale activity, highlighting that these Dogecoin Whales may possess insights into the meme coin’s future price trajectory, as a surge in accumulation often shows increased confidence in a cryptocurrency’s potential. The crypto member went on to predict that a $1 price leap for Dogecoin, possibly driven by the activities of these large-scale investors.
Analyst Predicts ‘Massive Rally’ For Dogecoin Price
While Dogecoin Whales are buying up more tokens, the price of the meme coin is getting ready for a potentially massive rally. Crypto analyst Trader Tardigrade a distinct price chart, highlighting past trends when Dogecoin experienced a rally to new highs.
In 2017, the meme coin skyrocketed to its highest level, experiencing a similar upward surge in 2021 during the previous bull run. With the 2025 bull market already ongoing, Trader Tardigrade believes that the Dogecoin price could have a repeat of historical trends and potentially surge to a new ATH target of $3.8.
Featured image from Pexels, chart from TradingView