Dogecoin News Today: Whales Hoard 96.45% of DOGE, Push Toward $0.30 Amid Volatility Risks

Dogecoin (DOGE) is gaining renewed attention as whale accumulation and technical indicators suggest potential for a price test of the $0.30 level. Recent on-chain data reveals that large holders have accumulated over 158 million DOGE in September 2025 alone, with additional reports indicating 2 billion DOGE acquired over a 72-hour period Dogecoin Surges as Whales Accumulate 158M DOGE^[1]. This concentration of supply-now held by the top 1% of addresses at approximately 96.45%-signals strong institutional confidence in the meme coin's short-term prospects Dogecoin (DOGE) May Test $0.30 as Whales Accumulate, Top 1^[4]. Analysts attribute this trend to a combination of strategic accumulation and improved market sentiment, as DOGE trades at $0.26–$0.27, having broken above a long-term descending trendline resistance Dogecoin Surges as Whales Accumulate 158M DOGE^[1].

Technical analysis supports the bullish case. The MACD indicator shows a bullish crossover with a histogram reading of 0.0005, reflecting fresh buying pressure. Meanwhile, the RSI stands at 58.82, indicating neutral momentum with room for further upside before reaching overbought levels. DOGE's price remains above key moving averages, including the 20-day and 50-day SMAs, reinforcing the integrity of the uptrend. Bollinger Bands analysis highlights the $0.30 level as a critical psychological target, aligning with both technical and whale-driven signals Dogecoin Surges as Whales Accumulate 158M DOGE^[1].

On-chain metrics further validate the potential for a breakout. Net unrealized profit/loss (NUPL) and net-realized profit-loss trends suggest a support band near $0.23–$0.25, while whale inflows-such as the 30 million DOGE added in early Q4-indicate accumulation rather than distribution Dogecoin (DOGE) May Test $0.30 as Whales Accumulate, Top 1^[4]. Derivatives leverage remains subdued, reducing the risk of short-term liquidation and allowing spot demand to drive price discovery. These factors create a favorable environment for DOGE to test the $0.30 threshold, which represents a 11% upside from current levels Dogecoin (DOGE) May Test $0.30 as Whales Accumulate, Top 1^[4].

However, structural risks persist. The extreme concentration of supply among top holders-Robinhood, Binance, and defunct exchanges like Cryptsy control nearly half of the circulating supply-could lead to volatility if large sellers offload holdings Top 15 Dogecoin Addresses: Who are the Top Holders of DOGE?^[5]. Additionally, DOGE's unlimited supply and reliance on speculative flows make it vulnerable to sentiment shifts. While a 50% short-term rally is theoretically possible amid ETF-related spillover, sustained gains require broader institutional adoption and improved utility beyond tipping and microtransactions .

Traders are advised to monitor key support and resistance levels. Immediate resistance at $0.31 and a potential 52-week high of $0.42 could attract profit-taking if the $0.30 level is confirmed. Conversely, support at $0.24–$0.25 acts as a critical floor, with a breakdown risking a retest of the $0.20–$0.19 range. Position sizing and stop-loss strategies remain essential given DOGE's inherent volatility Dogecoin Surges as Whales Accumulate 158M DOGE^[1].