Dogecoin News Today: Whales Buy 310M DOGE in 24 Hours as Price Stabilizes at $0.22

Large Dogecoin (DOGE) holders have acquired 310 million tokens within a 24-hour period, signaling renewed institutional or whale interest in the asset [1]. The total value of these purchases is estimated at over $73 million, with the majority of tokens entering wallets that already hold between 100 million and 1 billion DOGE [2]. The buying surge occurred as the price stabilized around $0.22, a level now viewed as key support [3]. Analysts have noted that such accumulation patterns are common in bullish cycles and suggest that DOGE may be entering a new growth phase.

On-chain analytics from Santiment and CoinGlass reveal a sharp rise in whale activity, with large holders significantly increasing their stakes during the recent price pullback [4]. Since then, the DOGE price has moved above key technical levels, reaching $0.223 and showing signs of absorbing selling pressure. Historical data indicates that wedge patterns, similar to the current one, have often preceded substantial rallies [5]. A Golden Cross, where the 50-day moving average crossed above the 200-day line, further strengthens the bullish outlook [6]. The RSI remains at a neutral 51.89, suggesting the asset is not overbought and has potential for further gains.

Volume data from CoinGlass highlights the legitimacy of the recent buying activity, with a notable spike in the 61.997M SMA volume metric [7]. This implies the price movement is driven by accumulation rather than speculative pumping. Liquidation data also shows that long positions remain largely intact, with minimal losses in long interest, a pattern often seen before the start of a bullish cycle [8]. Analysts Ali Martinez and Javon Marks have observed that whale behavior aligns with previous bullish cycles, reinforcing the likelihood of continued upward momentum.

Market speculation surrounding a potential Dogecoin ETF has also intensified. An anonymous analyst on Polymarket has estimated a 75% chance of approval, shifting sentiment toward long-term accumulation [9]. This mirrors the market response to prior Bitcoin and Ethereum ETF announcements, where approval probabilities generated sustained buying pressure and price gains [10]. Traders are now closely watching for a breakout from the current consolidation phase to confirm the continuation of the upward trend.

Amid macroeconomic uncertainty, investors are turning to undervalued assets, and DOGE is gaining attention due to its strong on-chain and technical indicators. Analysts suggest that if the trend persists, DOGE could experience a rally similar to the 260% increase seen in Q4 2024 [11]. While the market remains in a consolidation phase, the accumulation by whale investors and growing institutional interest indicate a potential next phase of growth.

Sources:

[1] Dogecoin Price Set For Next Leg Up Amid 310M Whale ... (https://coingape.com/dogecoin-price-set-for-next-leg-up-amid-310m-whale-buying-spree/)

[2] Dogecoin News: Whales Buy 310M DOGE Amid ... (https://themarketperiodical.com/2025/07/31/dogecoin-news-whales-buy-310m-doge-amid-the-breakout-hype/)

[3] Whales Keep Buying the Dips: 310M DOGE Snapped Up ... (https://cryptoadventure.com/whales-keep-buying-the-dips-310m-doge-snapped-up-in-a-day)

[4] Story of the Day Archives (https://www.coinspeaker.com/news/story-of-the-day/)

[5] Whales Scoop 310M $DOGE in 24H: Is a Breakout Brewing? (https://coincu.com/analysis/whales-scoop-310m-doge-in-24h-is-a-breakout-brewing/)

[6] Dogecoin News Today: Cold Wallet, Shiba Inu, PENGU ... (https://www.ainvest.com/news/dogecoin-news-today-cold-wallet-shiba-inu-pengu-dogecoin-drive-2025-crypto-gains-2507/)

[7] Dogecoin News Today: Doge Whales Buy 310M Tokens 75% ETF ... (https://www.ainvest.com/news/dogecoin-news-today-dogecoin-whales-buy-310m-tokens-75-etf-approval-hype-2508/)

[8] Dogecoin Whales Buy 310M DOGE in 48 Hours Amid ... (https://www.ainvest.com/news/dogecoin-news-today-dogecoin-whales-buy-310m-doge-48-hours-0-23-support-zone-2507/)