Dogecoin Whales Gobble 100M DOGE in 24 Hours – Meme Coin Demand Spikes

Dogecoin’s so-called ’whales’ just swallowed 100 million DOGE in a single day—proof that even joke assets get serious when money’s on the line. Here’s why the market’s blinking at this surge.

The Whale Watch: Big Money Bets on DOGE

While Wall Street hedges with gold, crypto’s risk-takers are piling into Dogecoin. The 24-hour buying spree signals growing confidence (or reckless FOMO) among deep-pocketed traders.

Meme or Momentum? The DOGE Paradox

No whitepaper, no utility—just pure meme magic and Elon Musk tweets. Yet Dogecoin keeps defying ’serious investor’ logic. This latest whale move suggests the coin’s cult following isn’t just retail gamblers anymore.

Cynical Take:
Nothing says ’healthy market’ like billionaires playing hot potato with a Shiba Inu-themed asset. But hey, in crypto, absurdity is just another Tuesday.

Whale Activity Signals Possible Breakout As Dogecoin Tests Resistance

Dogecoin is currently trading around $0.17–$0.18, hovering near critical resistance while the broader crypto market shows signs of renewed momentum. Bulls are attempting to reclaim higher levels, especially the $0.20 zone, which has consistently acted as a strong barrier over the past few weeks. A successful break above this level could trigger a recovery rally, but until then, price action remains uncertain.

Analysts are split on what comes next for DOGE. Some argue that failure to break out above $0.20—coupled with increasing lower highs—could signal a continuation of the broader downtrend, potentially pushing the memecoin back toward the $0.15 zone. On the other hand, with Bitcoin holding strong above $90K and major altcoins beginning to rebound, others believe Dogecoin could follow suit.

Adding to the optimism, top analyst Ali Martinez shared a chart on X revealing that whales have accumulated 100 million Doge over the past week. This surge in whale activity typically precedes price rallies and supports the case for a potential breakout. As accumulation continues and market sentiment improves, DOGE could be preparing for a strong move.

For now, all eyes are on the $0.20 resistance. A clean break above it could validate the bullish outlook, while rejection might extend the current consolidation.

DOGE Price Action Hinges On Breaking Price Range

Dogecoin (DOGE) is currently trading at $0.176, continuing to consolidate in a tight range as bulls attempt to gain momentum. Despite holding above the $0.16 support, DOGE has struggled to make a higher high, and price action remains capped by local resistance. To confirm a breakout and shift toward a recovery rally, DOGE must reclaim the $0.22 level — a key resistance zone that aligns with the 200-day exponential moving average (EMA).

Reclaiming this level would signal strength and could trigger an upward move toward $0.25 and beyond, especially if overall market conditions remain favorable. However, the lack of follow-through and volume at current levels raises concern. If bulls fail to defend $0.16, the downside risk grows significantly. A breakdown below this support could open the door to a deeper correction, potentially driving DOGE down into the $0.13–$0.10 region, where historical demand has previously stepped in.

For now, DOGE remains range-bound with indecision dominating the short-term outlook. The next major move will depend on whether bulls can generate enough demand to break above the 200-day EMA or whether sellers regain control below the $0.16 threshold.

Featured image from Dall-E, chart from TradingView