Dogecoin News Today: Dogecoin Whales Amass 1.7B Tokens as Price Targets $2.74 on Institutional Bet

Source: [1] Dogecoin Whales Accumulate 1.7B- DOGE Price to Surge to $2.74 [https://themarketperiodical.com/2025/03/10/dogecoin-whales-accumulate-1-7b-doge-price-to-surge-to-2-74-surge]

[2] Dogecoin Sees Major Whale Activity as 100 Million DOGE Acquired [https://thecurrencyanalytics.com/altcoins/dogecoin-sees-major-whale-activity-as-100-million-doge-acquired-172828]

[3] Market Moves: Whales Accumulating ADA & DOGE [https://www.toobit.com/en-US/academy/market-moves-whales-accumulating-ada-doge]

[4] DOGE Whale Activity: How Massive Transfers Are Shaping Market Trends [https://www.okx.com/learn/doge-whale-transfers-market-trends]

Significant whale activity in Dogecoin (DOGE) has emerged as a focal point for market analysts, with large-scale transfers and accumulation suggesting potential price volatility and strategic positioning. Recent on-chain data reveals that whales-holders of substantial DOGE-have accumulated over 1.7 billion tokens in the past 72 hours, signaling confidence in the cryptocurrency's long-term prospects. This activity coincides with a 21% price increase from $0.145 to $0.176 over two weeks, driven by institutional or high-net-worth investors rather than retail speculation .

The accumulation patterns highlight a strategic approach by whales, who have moved 900 million DOGE to Binance in August 2025, a transaction valued at approximately $200 million. While some analysts initially interpreted this as bearish, further analysis suggests it may reflect preparation for over-the-counter (OTC) trading or DeFi engagement. Additionally, a newly created wallet withdrew 32.9 million DOGE ($6.96 million) from Binance, fueling speculation about pre-market positioning for a potential rally .

Technical indicators underscore the significance of key price levels. Dogecoin's current support at $0.17 is critical; a break below this threshold could trigger further declines to $0.14, while a rebound might push the price toward $0.24 resistance. The Relative Strength Index (RSI) of 31.52 indicates oversold conditions, suggesting a possible short-term bounce if buyers step in. Analysts like Ali Martinez have emphasized that maintaining the $0.16–$0.17 range could catalyze a rally toward $2.74, a level far exceeding DOGE's historical high of $0.7316. However, this target remains speculative, contingent on broader market stability and sustained accumulation .

The broader altcoin landscape also shows whale-driven momentum. Cardano (ADA), for instance, has seen significant purchases by large holders, with blockchain analytics pointing to strategic accumulation. This trend aligns with Dogecoin's movements, reflecting renewed interest in altcoins as Bitcoin stabilizes around $94,300–$100,250 support levels . The interplay between DOGE, ADA, and Bitcoin underscores a potential shift in market dynamics, where whale activity in multiple assets could signal a broader bull cycle for altcoins.

While the absence of retail-driven hype is notable, the methodical accumulation by whales suggests a calculated approach. Unlike previous DOGE rallies tied to social media trends, this surge appears to be driven by informed investors anticipating structural shifts. The 100 million DOGE acquisition by large holders in April 2025, for example, occurred without major news cycles, yet coincided with a 21% price increase. This pattern implies that whales may be positioning for a longer-term upward trajectory, leveraging market uncertainty to build positions .

Market analysts caution that volatility remains a key risk. Despite whale activity and technical indicators pointing to potential strength, external factors such as macroeconomic shifts and regulatory developments could disrupt momentum. For now, the focus remains on whether DOGE can maintain its critical support levels and whether the broader altcoin market follows suit. If whales continue to accumulate and institutional interest grows, Dogecoin could see renewed attention, though investors are urged to remain cautious given the asset's historical price swings.

Source: [1] title1 (url1)

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