- Whales are accumulating Dogecoin in large quantities, signaling confidence in a potential bullish breakout.
- With increasing institutional interest and strong technical indicators, DOGE could reach new highs in 2025.
Heavy whale accumulation has sparked renewed optimism in the Dogecoin (DOGE) community, as whales have been making massive purchases, betting on a potential bullish breakout. Prominent cryptocurrency analyst Ali Martinez recently revealed that over 110 million DOGE have been scooped up by whales within a single week, an amount valued at more than $18.7 million at current prices.
This surge in whale activity has captured attention, especially as Dogecoin’s price shows signs of strength at key support levels. With the Relative Strength Index (RSI) indicating possible bullish momentum, many experts believe Dogecoin could be gearing up for a significant price surge.
Also read: Shiba Inu: Will It Be the Next 10x Coin? Here’s What Experts Say
Whales Are Stacking Dogecoin – What Do They Know?
The recent whale activity is a clear indication of growing confidence in Dogecoin’s future. In addition to the 110 million DOGE purchased in the past week, the broader ecosystem is also showing signs of strength. Martinez highlights that Dogecoin has added over 280,000 active addresses in recent days, which could signal an imminent bullish reversal if the market stabilizes.
On-chain analysis platform Santiment also reports an increase in whale wallets holding over 1 million DOGE, further suggesting that whales are positioning themselves for future gains. These deep-pocketed players seem to believe that Dogecoin’s cycle top isn’t yet reached, and its price could eventually approach $1, especially with the potential for significant retail interest in the coming months.
The growing interest in Dogecoin isn’t a new development. For instance, on March 10th, whales bought over 1.4 billion DOGE, worth over $230 million, when the price of Dogecoin dipped to $0.15. This sharp drop was seen as a prime opportunity for investors who believe Dogecoin’s true value lies much higher.
Dogecoin Price Predictions – How High Can DOGE Go in 2025?
Dogecoin’s resilience and impressive price recovery continue to attract attention. Unlike many other meme coins that have failed to hold onto their post-election gains, Dogecoin has not only reclaimed its “Election level” but has also bounced back strongly from it.
Analyst Surf suggests that Dogecoin is on the brink of breaking through a multi-year descending trendline, with a bullish crossover fast approaching. As the meme coin’s fundamentals improve, major players like Bitwise and Grayscale have even filed for spot Dogecoin ETFs, signaling growing institutional interest. Bloomberg analysts have placed a 75% probability on Dogecoin ETF approval by 2025, which could further drive demand for the coin.
With a market capitalization much smaller than Bitcoin or Ethereum, Dogecoin could see significant price movements with relatively smaller inflows, which is why many believe DOGE could hit new all-time highs in the next bull market.
Other Best Meme Coins to Buy
As we approach the next market cycle, meme coins will likely see a surge in retail investments. While Dogecoin remains a top pick, other meme coins are gaining attention. Some analysts believe that Pepe Coin could offer 10x returns in 2025. Additionally, Fartcoin, a popular asset within the Solana ecosystem, is in high demand after its recent 90% drop, drawing the interest of both small and large investors.
For those looking to take advantage of the growing interest in the meme coin space, Solaxy (SOLX), a Solana Layer-2 coin, is also worth considering. With over $26 million already raised in its presale, Solaxy promises faster, more scalable transactions and could potentially become a major player in the blockchain space.
Conclusion
As Dogecoin’s whale accumulation continues to rise, it’s clear that big investors see significant potential in the coin. With strong technical signals, increasing institutional interest, and the potential for new price highs, DOGE could be on the brink of a major breakout in 2025. For investors looking to capitalize on the meme coin mania, Dogecoin remains a key player to watch closely.
