Dogecoin Whales Bet Big: Is DOGE’s $1 Dream Alive?

Dogecoin’s meme-fueled rollercoaster just got interesting—whales are doubling down while retail traders nap. Could this be the push DOGE needs to crack the elusive dollar mark?

Forget fundamentals—this is crypto, where ’whale watching’ counts as technical analysis. The big players are loading up, but let’s be real: in a market where Elon’s tweets move needles, anything’s possible.

Wall Street’s still scratching its head over how a joke coin outperformed their precious blue-chips. Meanwhile, Dogecoin hodlers are too busy counting hypothetical lambos to care.

Dogecoin (DOGE) may have started as a meme, but it’s now showing serious signs of strength, and whales are taking notice. Recent on-chain data reveals a notable spike in whale activity, with massive Doge accumulations and a sharp rise in large-holder wallets. This pattern isn’t just noise; it’s a clear signal that deep-pocketed investors are betting big on DOGE’s future.

Analysts say this accumulation trend supports bullish predictions that Dogecoin could hit $1 by mid-2025, especially as it holds steady during broader market pullbacks. Whales typically move with calculated conviction and their growing confidence in DOGE adds weight to these forecasts.

With the community stronger than ever and key technicals aligning, dogecoin is once again front and center in the crypto conversation. The road to $1 is still long, but it’s looking more realistic than ever and we will find out if it will get there. 

Are the whales onto something? Dogecoin eyes $1 as smart money piles in

Whale accumulation is painting a bullish picture for Dogecoin’s future. In May 2025, analyst Ali Martinez reported that whales scooped up over 600 million DOGE in just 48 hours, specifically among wallets holding between 100 million and 1 billion DOGE. This isn’t the first time. Back in January 2025, whales grabbed nearly 1 billion DOGE during a sharp 20% price drop, signaling that large investors were buying the dip rather than fleeing.

Source: bravenewcoin

The number of wallets holding at least 1 million DOGE has also been on the rise, a key indicator of growing institutional or high-net-worth interest. Historically, these patterns of accumulation have preceded major rallies, like in the 2017 cycle, giving weight to the $1 price target by mid-2025, should momentum hold.

Still, not every whale is HODLing. In January, Whale Alert flagged two major DOGE transfers to Coinbase, hinting at possible profit-taking. But overall, net accumulation remains positive, with buying outpacing selling, a sign of continued confidence.

Supporting the bullish outlook are several technical indicators, including cup-and-handle and bull flag formations, with price targets of $0.50, $0.73 and even $1.00 if DOGE can break past the $0.21–$0.25 resistance zone. Increased network activity, 280,000+ active addresses, further fuels the bullish sentiment.

Currently trading between $0.16 and $0.23 as of the last week of May, Dogecoin price is well below its 2024 peak of $0.47. But with whales circling and sentiment rising the dream of $1 doesn’t seem so far-fetched.

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Source: Youtube

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