Whale Gobbles $200M in DOGE—Price Pumps 5.6% Before Late-Session Sharks Circle

DOGE defies gravity—again—as a crypto whale swallows $200 million worth of the meme coin, sending prices soaring 5.6% in a single session. But just when retail traders start high-fiving, the late-session selloff hits like a hangover after a Vegas bender.

Whale Watch: The $200M Bet

Someone’s playing big-league poker with DOGE. A single entity—or maybe a hedge fund cosplaying as a 'degen'—dumped enough cash to buy a small island into the Shiba Inu-themed asset. The market reacted like it always does: with irrational exuberance.

Late-Session Reality Check

Then came the profit-takers. Because in crypto, no pump goes unpunished. The selloff trimmed gains but left DOGE in the green—proving once again that this market runs on hopium and half-truths. (And yes, Wall Street is 'still investigating blockchain's potential.')

Bottom Line: DOGE survives another day in the circus. Will the whale hold or flip? Place your bets—this is crypto, where fundamentals go to die.

Technical Analysis Overview

DOGE gains 5.6% in the 23-hour period ending August 13, climbing from $0.225 to $0.233 in an $0.0198 range (8.8% volatility).

Morning trade establishes $0.220 as firm support on volume above the 24-hour average of 387.7M. Price accelerates between 12:00-20:00, rallying from $0.221 to $0.238 on sustained bid-side demand before evening resistance caps upside.

The final hour sees a 1.3% drop from $0.235 to $0.232 as selling pressure builds. A breakdown at 02:00 sends price from $0.233 to $0.232 on 11M volume. Support reappears at $0.232 into the close, but rallies stall at $0.235.

News Background

Whale accumulation remained a key driver, with over 1B Doge (valued at ~$200M) acquired in recent sessions. Large-holder ownership now approaches half the circulating supply, underscoring institutional confidence despite intraday volatility.

Price Action Summary

• DOGE rallies 5.6% from $0.225 to $0.233 in August 12 03:00–August 13 02:00 window
• Mid-session surge from $0.221 to $0.238 sets session high before rejection
• Late-session 1.3% drop trims gains, with $0.232 acting as final support
• Whale accumulation tops 1B DOGE worth ~$200M

Technical Indicators Analysis

• Support: $0.220 (volume-backed morning defense), $0.232 (final-hour floor)
• Resistance: $0.238 (session high), $0.235 (late-session cap)
• 24-hour range: $0.0198 (8.8% volatility)
• Largest volume spike: 387.7M+ during support retests and 11M on final-hour breakdown
• Higher lows pattern intact despite pullback

What Traders Are Watching

• Retest of $0.238 resistance for breakout continuation
• Stability of $0.232-$0.220 support band on further profit-taking
• Persistence of whale accumulation flows in coming sessions
• Impact of broader market volatility on meme coin positioning