Dogecoin Whales Accumulate 100M DOGE, Price Jumps 21%
2min read Dogecoin whales have been actively acquiring 100 million DOGE over the past week, sparking renewed interest and optimism within the cryptocurrency community. This significant accumulation by large investors, known as whales, has been closely monitored by experts like Ali Martinez, who provided a detailed technical analysis of the situation. Martinez's analysis, supported by visual data from Santiment, shows that wallets holding between 1 million and 10 million DOGE have seen substantial growth in their holdings, particularly since February 2025, with a notable acceleration in the last week of April 2025.
The price of DOGE has responded positively to this whale activity, rising from $0.145 to $0.176 during a bullish market phase. This trend is significant because whale buyouts typically precede market price increases. By increasing their holdings, whales enhance market demand, reduce supply levels, and boost market optimism. The completion of a rounded bottom pattern, as indicated by the data, further supports the potential for a bullish price trend for DOGE.
Technical indicators also support a bullish outlook for Dogecoin. The price of DOGE has shown strength, rising significantly after April 21 when whales began their buying spree. The cryptocurrency has sustained above $0.17 during its weeks of price consolidation. The main challenge now is for DOGE to break through its resistance barriers, which are close to $0.18, to move beyond. Long-lasting price downtrends tend to reverse when the market pattern forms a rounded bottom, and a strong rally usually follows whale investment patterns. The current framework of DOGE indicates that market conditions are developing toward a substantial price increase.
Martinez emphasized the importance of combining volume metrics with on-chain analysis to interpret patterns. The visual data and network activity indicate that DOGE has an upward tendency during this period. The ongoing accumulation pattern might drive DOGE to assess resistance barriers between $0.20 and higher price levels throughout the upcoming weeks. The market behavior toward Dogecoin indicates substantial transformation, with sophisticated investors considering it as a serious long-term investment in their portfolios as they decide on well-planned positions.
The cryptocurrency market demonstrates strong volatility across its operations. Market traders need to observe additional confirmations before investing in major positions. The bullish thesis gains more strength when whale accumulation continues while volume increases and the price remains above the $0.18 resistance for an extended time. Dogecoin experiences unpredictable price spikes, common occurrences in its market movement. Martinez’s analysis of whale accumulation activity has created a textbook-rounded bottom and the potential for DOGE to break out. The wider crypto market seeks recovery, while its increasing support for Bitcoin leads to potential success for altcoins, including DOGE.
All investors, including professional traders and retail meme coin enthusiasts, need to monitor the DOGE price movement during the early days of May. Based on present market behaviors, the crypto world should prepare for another Dogecoin surprise. The price of DOGE remains strongly impacted by what its community believes and how the public perceives the coin. DOGE maintains its strength because an atmosphere dominated by attention-seeking humor and viral celebrity promotion supports its operations. During recent months, the meme coin has shown a commitment to building legitimate utility by increasing its functionality within the crypto space.
