Dogecoin News Today: Whales Accumulate $200M in Dogecoin Amid Price Stability and Market Uncertainty

A recent surge in whale activity has drawn attention to Dogecoin (DOGE) as large holders continue to accumulate the meme-based cryptocurrency. According to Santiment data analyzed by Ali Chart, a major whale purchase worth approximately $200 million has highlighted increased institutional interest in DOGE [1]. The buying spree, which reportedly included up to 1 billion DOGE tokens [2], occurred as the price of the asset remained relatively stable at around $0.2011, despite a 3.18% drop in the last 24 hours and a 7.38% decline over the past week [3].

The accumulation follows a period of volatility and prior sell-offs by large holders, suggesting renewed confidence or strategic positioning. Analysts speculate that this could be in anticipation of a broader altcoin rebound or specific developments related to Dogecoin. While no immediate fundamental catalyst has been identified, historical patterns indicate that similar whale activity has often preceded significant price movements, though the timing and direction remain uncertain.

Dogecoin currently holds the 9th position in the cryptocurrency market cap ranking, with a value of just over $30.2 billion and daily trading volume exceeding $1.5 billion [3]. Despite the price retracement, the high volume and whale interest demonstrate that DOGE remains a focal point for traders and investors.

In terms of price projections, CoinCodex estimates a potential 16% increase in DOGE’s value by early September, which would push the price to approximately $0.24 [5]. Others have warned of downward pressure, with $0.185 identified as a critical support level that could be tested if the price fails to recover [6]. Whale activity has also led to the liquidation of $3 million worth of short positions, adding another layer of uncertainty to the market [7].

Recent price action has been mixed, with a 2% drop in the last 24 hours sparking concern among investors [6]. While a brief 1.4% rally occurred, analysts caution that such short-term movements may not signal a broader bullish trend [8]. Additionally, whale outflows observed on August 4 have raised concerns about the potential for a further breakdown in the price [9].

Despite the uncertainty, the large-scale accumulation by whales indicates strong positioning in Dogecoin. If broader market sentiment improves or a key catalyst emerges, this could translate into a meaningful price response. However, the market remains highly speculative, and investors are advised to exercise caution as significant price swings are likely until a clearer trend emerges.

Source:

[1] https://cryptorank.io/news/feed/505dd-whale-wave-hits-doge-will-it-break-the-0-25-resistance-before-the-week-closes

[2] https://www.ainvest.com/news/dogecoin-news-today-whales-accumulate-1-billion-doge-price-holds-0-20-support-consolidation-2508/

[3] https://cryptopanic.com/news/23983098/Dogecoin-Sees-Major-Whale-Buy-Will-the-Price-Follow

[5] https://www.fxleaders.com/news/2025/08/06/dogecoin-battles-for-0-20-support-as-whale-accumulation-sparks-rally-hopes/

[6] https://crypto-economy.com/dogecoin-dips-2-in-24-hours-is-0-185-next/

[7] https://cryptorank.io/news/feed/3f307-whales-scoop-1b-dogecoin-stock-3-reasons-doge-still-holds-value

[8] https://www.thecoinrepublic.com/2025/08/06/can-dogecoin-see-0-30-in-august-remittix-could-lead-altcoin-season/

[9] https://cryptonews.com/news/dogecoin-price-prediction-whale-outflows-spike-as-doge-breaks-key-support-is-a-full-breakdown-coming/