Dogecoin News Today: Dogecoin Whales Accumulate $208M Amid Price Rebound and Golden Cross Rally

Large Dogecoin (DOGE) holders, commonly referred to as whales, have shown heightened activity in recent weeks, with significant accumulations totaling over 2 billion DOGE, valued at more than $200 million. These purchases, including a $208 million transaction to Binance, reflect growing confidence among major investors as DOGE continues to test key price levels [1]. Despite a 9% decline following the release of U.S. inflation data on July 8, whale buying has supported a 7% price recovery in late July and early August [4]. The sustained accumulation, particularly from accounts holding between 100 million and 1 billion DOGE, has injected liquidity and stability into the market [6].

On-chain analytics reveal that institutional investors have also entered the scene, purchasing approximately $448 million in DOGE over the past week. This activity comes amid broader market declines and indicates that some investors see favorable entry points [3]. The market has responded with increased volatility, and while DOGE’s price has dropped by 7% over the same period, whale-driven buying pressure has helped push the price toward critical support levels [1].

A key technical development occurred on August 13 when Dogecoin triggered a golden cross, a bullish indicator often seen as a precursor to sharp price increases. The event coincided with a 32% rebound in price, bringing DOGE to $0.2493. Analysts have highlighted this as a sign of renewed investor interest, with some forecasting a potential climb toward $0.70, although these projections are speculative and based on analyst sentiment rather than confirmed outcomes [2].

The accumulation patterns and recent price movements suggest a shift in market psychology. While the Doge Fear and Greed Index has not been explicitly referenced in recent reports, the overall market behavior—characterized by whale accumulation and price rebounds—indicates a move from fear to cautious optimism [8]. Additionally, futures investments have surpassed $3 billion, signaling that traders are preparing for both short-term volatility and long-term price appreciation [6].

Whale activity is often seen as a harbinger of larger market moves, and the current trends in Dogecoin point to repositioning ahead of potential regulatory developments, including a possible Grayscale spot DOGE ETF. Historical patterns show that such accumulation often precedes bullish trends, underscoring the growing strategic importance of on-chain analytics in tracking major investor sentiment [4]. As the market continues to test key levels, the actions of large holders are likely to remain central to shaping DOGE’s near-term trajectory.

Source:

[1]title: Dogecoin (DOGE) Drops 9% Despite Massive Whale...(https://blockchain.news/news/20250816-dogecoin-doge-drops-9-despite-massive-whale-accumulation-technical-analysis)

[2]title: Dogecoin's Golden Cross and Analyst Predictions Signal a...(https://www.ainvest.com/news/dogecoin-golden-cross-analyst-predictions-signal-7-price-target-2508/)

[3]title: Dogecoin News Today: Institutional Investors Buy $448M...(https://www.ainvest.com/news/dogecoin-news-today-institutional-investors-buy-448m-dogecoin-market-decline-key-support-zone-2508/)

[4]title: Dogecoin Whales Signal Confidence as Price Tests Key...(https://www.coinlive.com/en/news-flash/872422)

[6]title: DOGE Sees Significant Price Increase Following Major...(https://www.radom.com/insights/doge-sees-significant-price-increase-following-major-purchases-and-surging-futures-investments)

[8]title: Doge Fear and Greed Index | Multiple Timeframes (https://cfgi.io/doge-fear-greed-index/)