Dogecoin Whales Drive Market Optimism with Massive Accumulation

Dogecoin (DOGE) has experienced a remarkable surge of over 50% in recent weeks, reigniting bullish momentum as it approaches a critical demand zone. The meme-inspired cryptocurrency is once again leading the altcoin market, supported by a shift in investor sentiment towards risk-on assets. On-chain data highlights that whales have accumulated a staggering 1 billion DOGE in the past month, signaling strong confidence among large holders. This accumulation has sparked speculation of a further price surge, with DOGE currently trading at 0.21643000 USDT. The growing whale activity and positive market trends suggest a potentially bright future for Dogecoin, making it a cryptocurrency to watch closely in the coming weeks.

Dogecoin Whales Accumulate 1 Billion DOGE In A Month: Fueling Price Surge Speculation

Dogecoin has surged over 50% in recent weeks, reclaiming bullish momentum as it approaches a critical demand zone. The meme-inspired cryptocurrency is once again leading altcoins, buoyed by shifting market sentiment toward risk-on assets.

On-chain data reveals whales have accumulated 1 billion Doge in the past month, signaling growing confidence among large holders. This accumulation could fuel further upside, though the rally’s sustainability hinges on bulls defending current levels.

Dogecoin SuperCycle 2 Predicted to Mirror Historic Rally, Targeting $10+

Trader Tardigrade, a prominent crypto analyst, forecasts an impending Dogecoin SuperCycle 2 that could propel the meme coin beyond $10. The projection draws parallels to SuperCycle 1, which occurred between 2014 and 2017, suggesting a similar parabolic trajectory.

Historical patterns indicate Dogecoin’s current valuation presents a strategic accumulation opportunity. The analyst’s chart outlines a long-term target of $130 for this cycle, with accelerated growth expected in coming months. Market participants are monitoring whether DOGE can replicate its prior exponential gains amid renewed retail interest.

Dogecoin Price Tops Often Coincide with Retail Futures Activity Surges

Dogecoin’s 48.7% monthly surge mirrors the broader crypto market rally, fueled by receding fears of a global tariff war. While DOGE’s momentum appears strong, analysts suggest the memecoin may still have room to climb before hitting its cycle peak.

A CryptoQuant analysis reveals a telling pattern: Doge price tops frequently align with spikes in retail futures trading. The correlation, illustrated through on-chain data, shows red flags emerge when high-frequency retail traders dominate derivatives activity—a potential contrarian indicator for market tops.

SEC Begins Review of 21Shares’ Dogecoin ETF Proposal

The U.S. Securities and Exchange Commission has taken a critical step toward potentially approving the first dogecoin exchange-traded fund. Nasdaq’s filing to list 21Shares’ DOGE ETF entered the formal review process after SEC acknowledgment on May 13, 2025.

Regulatory recognition marks a watershed moment for meme coin legitimacy. While approval remains uncertain, institutional infrastructure continues developing around digital assets once dismissed as jokes. The filing’s progression suggests growing acceptance of alternative cryptocurrencies within traditional finance frameworks.