Dogecoin News Today: Dogecoin Surges 10 Percent on Whale Accumulation and Fed Dovish Signals

Dogecoin surged approximately 10 percent in late July and early August 2025, driven by large whale accumulations and a broader market environment shaped by dovish Federal Reserve signals. Whale investors added over 680 million DOGE in August, valued at around $150 million, signaling sustained institutional interest. This buying pressure, combined with elevated trading volumes and on-chain data showing a rise in holder addresses, pointed to a more organized buildup rather than retail-driven volatility. The price hovered near $0.24, with the $0.23–$0.24 range acting as a key support level. Analysts noted that maintaining this level could signal a stronger breakout, while a break below would raise concerns about short-term bearish momentum [1].

The surge coincided with broader developments in the crypto space. A $50 million mining deal linked to former U.S. President Donald Trump marked a significant milestone, establishing the largest dedicated Dogecoin mining operation to date. This development underscored institutional confidence in the coin’s infrastructure. Meanwhile, Wyoming’s launch of a stablecoin initiative hinted at regulatory progress and potential use cases for Dogecoin in U.S.-backed digital-asset ecosystems. Fed Vice Chair Michelle Bowman’s recent comments encouraging banks to adopt digital assets also fueled risk-on sentiment, reinforcing investor appetite for crypto as a strategic asset class [1].

Speculation around a potential Dogecoin trust ETF further amplified market optimism. Though unconfirmed, the possibility of an SEC decision by 2025 prompted early positioning among traders. On-chain metrics reinforced the bullish narrative: holder addresses rose to over eight million, and the network value-to-transaction (NVT) ratio of 1.5 indicated healthy transactional activity relative to valuation. Futures open interest remained steady near $3 billion, suggesting leveraged exposure had not reached dangerous levels. These factors combined to create a picture of accumulation without excessive speculative heat [1].

Community sentiment remained divided. A majority of traders leaned bullish, citing whale activity, regulatory progress, and macroeconomic tailwinds as key catalysts. About a quarter of traders maintained a neutral stance, waiting for a clear breakout of the $0.23–$0.24 range before committing. A smaller portion remained bearish, highlighting Dogecoin’s inflationary supply model and the risk of a pullback to $0.15 if momentum fades. Analysts projected varying price targets: some suggested $0.41 based on technical patterns, while others speculated on a potential $0.95 peak if the coin retested historic highs. Skeptics, however, warned of a bear flag formation that could send the price down to $0.18 or lower if selling pressure reemerges [1].

The current rally appears to be laying a foundation rather than signaling a final breakout. Whale accumulation, regulatory progress, and macroeconomic optimism all contribute to a growing narrative that Dogecoin is being positioned as more than a meme asset. Whether this narrative holds will depend on the coin’s ability to sustain the $0.22–$0.24 range in the coming sessions. As the broader crypto market evolves, the balance between speculative hype and functional utility will likely determine which projects gain lasting traction.

Source:

[1] Dogecoin Surges 10 Percent On Whale Buys And Fed Support, Coinfomania, https://coinfomania.com/dogecoin-surges-10-percent-on-whale-buys-and-fed-support/