Dogecoin News Today: Dogecoin Price Rises 7.75% on Whale Accumulation and ETF Speculation

Large investors, or "whales," are increasingly accumulating Dogecoin, signaling optimism among analysts about a potential price surge. Whale activity has become a key driver in the DOGE market, with recent transactions indicating strong confidence in the meme-based cryptocurrency. Over $200 million in DOGE was reportedly purchased by large holders in late June 2025, pushing the price up 4% to $0.23 [2]. This trend continued into August 2025, with the price rallying 8.4% to $0.22 amid similar whale behavior and increased trading volume [3]. Analysts suggest that these large investors are positioning themselves ahead of what could be a broader bullish move.

The price surge has led to speculation that Dogecoin could reach $2, fueled by potential ETF approval and sustained whale accumulation [1]. Technical analyst Crypto Patel has identified the $0.18 to $0.23 range as a strategic zone where whales are buying in significant volumes. Notable trader Kaleo remarked, “Dogecoin will take a day or less to speedrun it back to the recent highs when it gets going,” suggesting a repeat of previous momentum if favorable conditions persist [1]. Analysts draw parallels to the historic 26,000% surge seen in late 2020 and early 2021, with technical indicators suggesting further gains in the current cycle [1].

Institutional interest is also evident, with over $12 million in long positions reported as of August 9, 2025 [1]. While no official ETF filings for Dogecoin have been confirmed, the speculative energy around potential regulatory developments is influencing market sentiment. The current price of $0.24 reflects a 7.75% gain, driven by whale activity and speculative ETF trends [1].

Bitget has forecast a 5% annual growth rate for Dogecoin through 2026, potentially reaching $0.3631 [4]. This prediction, while speculative, aligns with the bullish narrative driven by whale accumulation and broader market optimism. In addition, whale activity in other meme coins, such as Little Pepe and SPX6900, suggests a wider appetite for meme-based assets [5].

Dogecoin’s rally in July 2025, which included an 8% gain and over $1 billion in trading volume, further supports the bullish case. As the market continues to evolve, whale behavior remains a critical indicator of both short-term volatility and long-term price direction [3].

Source: [1] https://www.arabictrader.com/en/news/cryptocurrencies/191496/whales-are-making-a-strong-comeback-in-dogecoin-amid-market-recovery [2] https://m.economictimes.com/crypto-news-today-live-09-aug-2025/liveblog/123195194.cms [3] https://m.economictimes.com/crypto-news-today-live-08-aug-2025/liveblog/123173392.cms [4] https://www.bitget.com/price/dogecoin/price-prediction [5] https://www.indiatimes.com/partner/top-6-meme-coins-crypto-whales-are-accumulating-in-august-2025-according-to-market-data-666217.html