Dogecoin News Today: Dogecoin Rises 22.4% as Whales Buy $220M in 24 Hours

Dogecoin surged over 22% in a seven-day period, capturing the attention of both retail investors and institutional observers, following a massive accumulation by large holders. According to on-chain analytics shared by Santiment, whale investors purchased 1 billion DOGE tokens—valued at $220 million—on August 6, 2025, within a 24-hour window [1]. The concentrated buying activity has been interpreted as a sign of long-term bullish sentiment, with analysts suggesting that such moves can reduce circulating supply and drive upward price pressure through reduced availability [1].

Market analyst Ali Charts noted that whale accumulation has been a key factor in reinforcing the positive momentum in the DOGE price action [1]. The buying spree has been described as a continuation of a broader bullish wave, with key players actively positioning the asset for potential new price highs. This accumulation is often viewed as a confidence signal, indicating that major investors believe the price of Dogecoin could trend higher in the coming months [1].

The recent price performance aligns with the accumulation pattern, as Dogecoin entered an upward rally in the days following the whale activity. At the time of reporting, DOGE was trading at $0.24, marking a 22.4% increase in the last seven days [1]. The memecoin emerged as the second-highest gainer in the altcoin space, trailing only Ethereum (ETH), which rose by 20.63% during the same period [1].

Some analysts have speculated that the rally could be linked to broader macroeconomic developments, particularly the potential for executive actions related to retirement accounts. Reports indicated that Donald Trump is preparing to sign an executive order that may have long-term implications for the inclusion of cryptocurrencies like Dogecoin in 401(k) portfolios [1]. While the timing and exact impact of such a move remain speculative, the news appears to have contributed to the renewed bullish momentum in the DOGE market.

The combination of whale accumulation and favorable macroeconomic speculation has reinforced the near-term optimism surrounding Dogecoin. However, as with all speculative assets, the long-term trajectory will depend on broader market conditions and regulatory developments.

Source: [1] Dogecoin Explodes 22% as Whales Accumulate $220M in Single Day DOGE Buying Spree (https://zycrypto.com/dogecoin-explodes-22-as-whales-accumulate-220m-in-single-day-doge-buying-spree/)