🚨 Whale Alert: 130M DOGE Gobbled Up Amid 15% Price Plunge – Smart Money or Desperation?
DogeCoin whales just made a jaw-dropping move as the meme coin tanks.
The Feeding Frenzy
While retail investors panic-sold during DOGE's 15% nosedive, deep-pocketed traders scooped up 130 million tokens—enough to make Elon Musk raise an eyebrow. The buy-in happened faster than a Shiba Inu chasing treats.
Contrarian Play or FOMO?
This isn't your average dip-buying. That much DOGE could either signal institutional interest (finally) or just another crypto whale gambling with pocket change. Remember when 'buy the dip' worked in 2021? Pepperidge Farm remembers.
Market Whiplash
The transaction reeks of either brilliant market timing or reckless speculation—the line's thinner than a stablecoin's peg these days. Meanwhile, financial advisors still pretend not to hyperventilate when clients mention meme coins.
One thing's certain: in crypto, the house always wins... until the house is a Doge-themed meme page.
Whales Acquire Large DOGE Volume During Market Pullback
Over the past 24 hours, wallets holding between 10 million and 1 billion Doge added 130 million coins, according to data shared by Ali Martinez. This move came as Dogecoin’s price fell under $0.23, marking a 6% drop in a single day and more than 15% over the week.
Meanwhile, the chart shows holdings from large wallets rising steadily while the price declined. This pattern often signals buying during a correction, with whales positioning for future moves.
Pointing to the accumulation as a response to the recent price action, Martinez stated,
Whales bought the dip! They have accumulated 130 million Dogecoin $DOGE in the last 24 hours. pic.twitter.com/G3h9dkBFJN
— Ali (@ali_charts) July 29, 2025
Potential Reversal Structure
Trader Tardigrade noted that dogecoin might be forming a double bottom on the 4-hour chart. This setup starts with two low points near the same price level, separated by a short-term rise.
$Doge/H4#Dogecoin might be forming a Double Bottom Pattern pic.twitter.com/BnhM0nEOLI
— Trader Tardigrade (@TATrader_Alan) July 29, 2025
The first low came NEAR $0.2160 on July 25. A second dip formed on July 29, slightly above the previous low. Both bottoms are followed by a resistance level around $0.2435. The asset has tested this level multiple times but hasn’t broken through yet.
A move above $0.2435 could open the way to targets near $0.27. A drop below $0.22, however, WOULD cancel the pattern.
Oversold Signal Appears on 1-Hour Chart
In another post, the same analyst shared a 1-hour chart showing a 10% price drop over 17 hours. During this slide, the RSI moved from overbought to below 30, which is considered oversold.
$Doge/H1
#Dogecoin has dropped almost 10% in the last 17 hours.
The RSI indicates it’s now in an oversold zone, presenting a potential opportunity to find support and either consolidate or reverse to an uptrend (further confirmation needed). pic.twitter.com/sCvEZMrTS5
— Trader Tardigrade (@TATrader_Alan) July 28, 2025
When the RSI dips this low, it often reflects strong selling pressure that may be running out. The chart suggests the asset could now pause or change direction. Further confirmation is still needed.
In addition, data from Glassnode shows steady growth in Dogecoin addresses. At press time, there were 109.14 million active addresses, up from 108.5 million one month ago.
This gradual growth indicates continuing interest of the users. Prices have shifted to lower levels, although network participation is increasing, indicating a trend of increased usage and retention.
