Dogecoin News Today: Whales Buy 310M DOGE in 48 Hours as Price Dips 11% Signal 610% Rally Potential

In late July 2025, Dogecoin (DOGE) experienced a significant surge in whale activity, with large holders accumulating over 310 million coins within a 48-hour window [1][2]. This accumulation, concentrated between July 21 and July 24, occurred as the token’s price dipped 11% to $0.24 [4]. Whale wallets holding between 100 million and 1 billion DOGE purchased tokens valued at approximately $73 million [5], marking a “major accumulation after a brief profit-taking dip” [1]. The buying activity coincided with a price recovery, signaling renewed confidence in DOGE’s potential for a rebound.

A notable development was the acquisition of 40.5 million DOGE by Bit Origin, a China-based pork processing and Bitcoin mining firm, for its crypto treasury. The company, which has secured $500 million in funding through share sales and debt offerings, aims to become the largest publicly traded holder of DOGE [1]. This move represents a shift in corporate adoption, as institutions increasingly allocate meme coins to diversified crypto portfolios.

Technical indicators also pointed to potential upward momentum. A bullish Moving Average Convergence Divergence (MACD) crossover emerged on charts, a pattern historically associated with rallies of 84%, 194%, and 446% in prior cycles [1]. Analysts noted that if the pattern repeats, DOGE could see a 610% price increase, targeting levels between $0.60 and $0.70 [1]. Additionally, the token formed a double bottom pattern on multi-month charts, breaking through a neckline near $0.27. A successful retest of this level could validate the breakout and trigger further gains.

The bullish sentiment was reinforced by a leveraged long position on HyperLiquid exchange. A single trader deposited $3.92 million in USDC and opened a 10x leveraged position on DOGE, acquiring 81.4 million coins at an average price of $0.2435 [6]. This $19.7 million bet highlights aggressive positioning amid the recent dip.

The accumulation occurred during broader market consolidation, with DOGE trading within a $0.14-$0.29 range over several days. Despite a 4% decline to $0.2392 from a weekly high of $0.28, trading volume surged by 75.86% [1]. Buyers have shown resilience near the $0.23 support level, suggesting a potential floor for short-term corrections.

While the whale activity and technical patterns indicate optimism, risks persist. The leveraged position on HyperLiquid carries liquidation risk, which could amplify volatility if the price reverses. Additionally, DOGE’s status as a meme coin—driven largely by speculative demand—introduces unpredictability compared to utility-driven assets. Analysts caution that broader macroeconomic factors and sentiment shifts could override whale-driven narratives [1].

The divergence between retail and institutional behavior is notable. Retail investors may have taken profits during the dip, while whales and institutional actors viewed the price drop as an entry opportunity. This dynamic underscores the complexity of crypto markets, where short-term volatility often masks long-term accumulation by key players. The $73 million in whale purchases represents a meaningful portion of DOGE’s circulating supply, potentially acting as a buffer against further declines.

For investors, the event highlights the importance of monitoring whale movements and technical signals, particularly in high-liquidity assets like DOGE. While historical patterns suggest potential for a rally, market participants should remain cautious of the risks inherent in leveraged positions and the speculative nature of meme coins. The accumulation of 310 million DOGE in 48 hours is a rare and significant development that warrants close attention as the asset navigates its next phase of price action.

Sources:

[1] Phemex, Whales Accumulate Over 310 Million Dogecoin in 48 Hours

https://phemex.com/news/article/whales-accumulate-over-310-million-dogecoin-in-48-hours_13574

[2] The, Over 310M DOGE In 48 Hours: Dogecoin Whales Are Massively Buying the Dip

https://thecryptobasic.com/2025/07/24/over-310m-doge-in-48-hours-dogecoin-whales-are-massively-buying-the-dip/

[4] CoinCentral, Dogecoin (DOGE) Price: Whales Accumulate 310 Million ...

https://coincentral.com/dogecoin-doge-price-whales-accumulate-310-million-tokens-as-token-drops-18/

[5] The, Will Dogecoin Price Surge 610% as Whales Accumulate?

https://www.thecoinrepublic.com/2025/07/24/will-dogecoin-price-surge-610-as-whales-accumulate/

[6] Phemex, Whale Opens $3.92M DOGE Long Position on HyperLiquid

https://phemex.com/news/article/whale-opens-392m-doge-long-position-on-hyperliquid_13585