Dogecoin Whales On A Buying Spree Signaling DOGE Rally To $3 Next

Rupam Roy
November 15, 2024 Updated June 13, 2025
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Dogecoin Price Could Rally 400% As Whales Move $100M DOGE

Highlights

  • Dogecoin whales have accumulated 140 million DOGE in the last 24 hours.
  • A whale have noted $1.3 million loss with his recent purchase of about 14 million DOGE.
  • A recent Dogecoin price analysis hints at a potential rally for the crypto $3.

Dogecoin whales are on a buying spree, despite the DOGE noting a retreat today, sparking speculations in the market. A top crypto market expert highlights that the DOGE whales have accumulated over $55 million of the top meme coins in the last 24 hours, indicating the growing confidence of the investors. Having said that, many in the digital assets space, especially the meme coin sector, anticipate a breakout ahead for the crypto.

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Dogecoin Whales Bags Millions Sparking Optimism

The top meme coins have noted a strong rally over the past few days amid a positive sentiment hovering in the broader crypto market. Amid this, Dogecoin whales have accumulated millions of tokens, showcasing their increasing confidence in the market.

According to a recent X post by the prominent crypto market expert, Ali Martinez, the DOGE whales have bagged 140 million coins from yesterday only. The transfers, valued at around $56 million, have sparked discussions in the market over further rally in the meme coin’s price.

Dogecoin Whales Accumulation DOGE price
Source: Ali Martinez, X

Besides, another report from Lookonchain showed that a Dogecoin whale has dumped all his SPX holdings to add DOGE to his holdings this week. According to the report, the whale has dumped 10.6 million SPX for $6.2 million, making a profit of around $920K. Following that, he has spent $6.2 million to buy 13.95 million Dogecoin, valued at around $4.88 million currently.

This massive accumulation has resulted him a loss of around $1.33 million. Despite that, it showcases the growing confidence of the investor towards the meme coin’s future trajectory.

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DOGE To Hit $3 Next?

Apart from the Dogecoin whales, it appears many are now shifting their focus toward the digital assets space, especially the meme coins segment. Notably, interest rose after Elon Musk was appointed to the Department Of Government Efficiency (D.O.G.E.) to cut the excess Federal spending.

The short form of the department, resembling the ticker of Dogecoin, has sparked interest among investors. Besides, Musk has actively voiced his support for DOGE previously on the X platform, which has also fueled interest among investors.

However, despite the positive sentiment, the crypto market today retreated with Bitcoin price also witnessing a pullback from its ATH. Besides, several other top altcoins and meme coins have also faced pressure, as witnessed by the recent performances of the coins.

As of writing, DOGE price today was down over 6% and exchanged hands at $0.3726, while its one-day trading volume fell 31% to $14.88. Over the last 24 hours, the leading meme coin has touched a high of $0.4147. Notably, the crypto has touched a weekly gain of 89%, while in the last 30 days, it added about 200%.

However, Dogecoin Futures Open Interest fell more than 3% today, indicating the subsiding risk-bet appetite of the investors. Despite that, a recent Dogecoin price analysis hints at a possible rally for the crypto $3, sparking market interest.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.