Dogecoin Whales Accumulate 80M DOGE, Price Jumps 6%

Dogecoin (DOGE) has recently seen a notable increase in transactions involving large investors, commonly referred to as whales. According to data from on-chain cryptocurrency analytics platform, these whales accumulated 80 million DOGE within a single 24-hour period. Historically, such transactions have often preceded price increases, as whale purchases typically signal confidence in the asset. This recent activity has sparked speculation about the potential impact on Dogecoin's price, which has recently struggled with significant volatility.

As of the latest reports, DOGE was trading at $0.17, reflecting a 6% increase over the past 24 hours. On the weekly chart, the meme coin has seen a 13% increase. Despite this recent rally, Dogecoin is still trading below its 50-day and 200-day simple moving averages (SMA), indicating a bearish trend in both the short and long term. The 14-day relative strength index (RSI) stands at 45.53, suggesting neutral momentum with neither overbought nor oversold conditions.

An AI tool has projected that Dogecoin could experience a significant price increase, potentially rising by nearly 200% by the end of the year. This prediction is based on the current bullish sentiment and the substantial accumulation of DOGE by whales. The AI model outlined three possible scenarios for the token. In a bullish scenario, fueled by Bitcoin hitting new highs, continued whale accumulation, or renewed enthusiasm for meme coins, DOGE could reach between $0.35 and $0.50. In a neutral case, where the meme coin simply tracks the general market without regaining significant hype, the expected range would be $0.22 to $0.28 by year-end 2025. In a negative scenario, where market conditions turn unfavorable or investor interest wanes, DOGE could decline and trade between $0.10 and $0.14. Considering all factors, particularly ongoing whale interest and DOGE’s behavior in past cycles, the AI tool's base-case estimate places Dogecoin at $0.30 by the end of 2025.

A pseudonymous cryptocurrency analyst also shared a possible price breakout, pointing to the start of a new “Doge Season.” The pattern shows DOGE breaking out of a long-term downtrend, similar to previous explosive moves in 2017 and 2021. If history repeats itself, the meme coin could be gearing up for a strong run against Bitcoin through 2025. Overall, general market sentiment is key for Dogecoin to sustain bullish momentum. The token must strongly hold the $0.15 support zone to invalidate any bearish pullback.