DOGE Surges 6% as Whale Wallets Buy $50M in 24 Hours

Dogecoin (DOGE) has seen a 6% price increase over the past seven days, marking one of its most significant weekly gains in recent months. The surge has been attributed to substantial accumulation by large whale wallets, with over 230 million DOGE units purchased within a 24-hour period on August 8 alone, valued at more than $50 million. Analyst Ali Martinez also noted a major accumulation of over 1 billion DOGE between August 5 and 6 [2]. This pattern of whale inflow is reminiscent of the major pump seen in 2021, and has reignited discussions about whether a new meme coin cycle is emerging [1].

The increased buying activity has led to a more bullish outlook for the token in the short term, with some analysts suggesting a higher price target for the fourth quarter of 2025 [2]. Retail traders and analysts alike are now closely tracking whale addresses for further signals of accumulation, which could indicate a broader uptrend in the market.

Alongside DOGE, other meme tokens are also drawing attention. PEPE has demonstrated strong community engagement and a growing user base, contributing to its rising popularity. Analysts have noted its potential for a 40% price rally, especially if the broader meme coin market continues its upward trajectory. With whale wallets accumulating PEPE at the same time as DOGE, many are revisiting their price prediction models for the token [1]. The rising volume and momentum suggest that PEPE could retest its all-time high in a 2025 rally scenario, making it a top choice for investors seeking exposure to the meme coin space [2].

Meanwhile, MAGACOIN FINANCE is being highlighted as a potential breakout candidate for 2025. Though it is not yet listed on major exchanges, it has attracted early-stage buyers through its limited presale. Analysts have suggested that the token could see a 75x return based on its current trajectory and early market interest [1]. The project is being positioned as a serious contender in the meme coin space due to its unique mechanics, scarcity features, and early integration developments. Backed by a strong team and growing presence in crypto forums, MAGACOIN is gaining traction as a top meme coin with high ROI potential [2].

The recent price action in DOGE is part of a broader trend where whale activity often precedes larger market movements. The sheer volume of accumulation by institutional-level investors suggests that these actors are positioning for future gains. Analysts are now debating whether this is a short-term buying opportunity or a sign of a more sustained bullish trend in the token’s price [2].

Both PEPE and MAGACOIN FINANCE are being closely watched for signs of continued momentum. While PEPE is in the early stages of a potential breakout, MAGACOIN is being viewed as a long-term investment opportunity, particularly with its upcoming 2025 presale. Analysts caution that while both tokens show promise, they also carry high volatility and require a clear investment strategy and risk management plan [2].

As the meme coin market continues to evolve, DOGE remains at the forefront, but the growing interest in PEPE and MAGACOIN FINANCE signals an expanding ecosystem. Investors are advised to remain cautious while keeping an eye on these tokens for potential upside [1].

Sources:

[1] https://www.ainvest.com/news/blockdag-final-presale-0-0016-shiba-inu-eyes-156-surge-pepe-faces-40-rally-potential-2508/

[2] https://financefeeds.com/10-meme-tokens-catching-fire-is-magacoin-finance-the-best-crypto-to-buy-this-month/