Dogecoin News Today: Dogecoin Whales Buy 310M DOGE as Price Dips 10% in $73M Buy-In RSI Hits 30 Signals Recovery Potential

Dogecoin (DOGE) has witnessed a surge in whale activity as large holders accumulated over 310 million tokens in a 48-hour period following a significant price correction. The accumulation, valued at approximately $73 million, occurred as the cryptocurrency’s price dropped by 10%, prompting speculation about potential market recovery. The purchase was executed by high-value addresses holding between 100 million and 1 billion DOGE, with historical patterns suggesting such moves often precede retail market activity [1].

The move has coincided with a notable increase in trading volume, which spiked to over 2.26 billion tokens, and a doubling of open interest for DOGE futures contracts. Analysts attribute this to both institutional and retail investor participation, with the 14-day Relative Strength Index (RSI) for DOGE dipping to nearly 30—a level typically considered oversold and indicative of a potential rebound [1]. The Anonymous Whale Analyst noted that “historically, large accumulations like this indicate readiness for a price rebound, especially when RSI drops to around 30,” highlighting the strategic nature of the purchases.

Financial implications of the accumulation include reduced exchange outflows, which have alleviated selling pressure on the asset. The on-chain activity suggests a shift in liquidity dynamics, with whale addresses historically acting as stabilizing forces during price corrections. However, the broader market context remains mixed: while DOGE’s price surged 16% over seven days, other metrics such as market capitalization and trading dynamics declined by 8% [2]. This divergence underscores the interplay between speculative buying and long-term positioning, as whales capitalize on discounted entry points while retail sentiment fluctuates.

The accumulation does not include projections or forecasts, as per the available data. Analysts caution against conflating on-chain activity with speculative narratives, noting that aggressive price targets for DOGE—mentioned in broader market discussions—are not reflected in this specific event [2]. Instead, the focus remains on tangible actions, such as the rapid absorption of tokens by influential addresses, which can alter supply dynamics and investor sentiment.

The event’s implications depend on whether the accumulation signals a broader trend. Sustained whale activity could indicate a re-rating of DOGE’s value proposition, particularly if it coincides with liquidity increases and renewed bullish momentum. However, the absence of regulatory updates or technological developments means the market remains vulnerable to macroeconomic and industry-wide factors. Investors are advised to monitor on-chain metrics closely, as continued whale behavior may offer further clarity on the asset’s trajectory.

Source: [1] [Dogecoin Whales Accumulate 310M DOGE Post-Price Drop] https://coinmarketcap.com/community/articles/6882ed50960a504cf76a4159/ [2] [Dogecoin Price Surges 16% as Whales Accumulate 310M DOGE] https://themarketperiodical.com/2025/07/24/dogecoin-price-surges-16-as-whales-accumulate-310m-doge/