Quick update on Dogecoin: big holders have been quietly stacking up, and it’s starting to show.
According to Ali Martinez on X, whale activity hit a one-month high — roughly 2 billion DOGE was scooped up over the past week. On August 13 there were more than 100 transactions over $1 million, the busiest day for big moves since mid‑July. That buying came as DOGE was flirting with the $0.25 test level.
A little color: these weren’t tiny wallets. The accumulation came mostly from wallets holding between 100 million and 1 billion DOGE. They added about 2 billion tokens — roughly $500 million at current prices — pushing their combined holdings to about 27.6 billion DOGE, the largest for that group in over a month. In plain language: some pretty sizable players are showing renewed interest.
Price-wise, it tracks. DOGE bounced about 26% from early‑August lows near $0.195. It was around $0.24 in late July, dipped to that $0.195 low on Aug 2–3, then slowly climbed back. By Aug 7 it was over $0.24, hit about $0.246 recently, but ran into resistance in the $0.25–$0.252 zone and pulled back. At the time of the report DOGE was near $0.2285 after a roughly 9.5% drop in 24 hours — and that came alongside broader weakness; Bitcoin fell around 3.3% over the same span.
“Whale accumulation” usually signals that big players feel confident enough to buy. That can be bullish if they keep buying and the wider market cooperates.
But resistance around $0.25 and the recent correlation with Bitcoin and Ethereum mean the rally could stall. In other words — promising, but not guaranteed.
I remember waking up one weekend to a flurry of whale transactions and suddenly checking my positions five times. That mix of excitement and nerves is pretty common. For traders, the key thing to watch now is whether these on‑chain buys turn into a sustained breakout or whether macro headwinds keep DOGE capped.
Key things to watch:
- Whether whales continue to accumulate beyond the recent ~2 billion DOGE.
- If combined holdings for the 100M–1B DOGE wallets keep rising above the current ~27.6 billion DOGE.
- Can DOGE clear and hold above the $0.25–$0.252 resistance zone?
- Broader market action from Bitcoin and Ethereum — continued weakness there could cap any DOGE rally.
Not financial advice — just a snapshot of what’s happening and why it matters for crypto investors.
