Ethereum News Today: Dogecoin Whales Buy $200M Amid ETF Hopes and Retail Rally

Large investors—commonly referred to as “whales”—have recently accumulated $200 million worth of Dogecoin (DOGE) within a 24-hour period, signaling renewed institutional and retail interest in the meme-based cryptocurrency. The surge has reignited discussions around DOGE’s potential to rival top-tier altcoins such as Solana (SOL) and Ethereum (ETH), particularly amid broader bullish sentiment in the crypto market. Analysts suggest the increased buying activity could be linked to expectations of a U.S. spot DOGE exchange-traded fund (ETF) approval, which would facilitate wider institutional adoption [1].

Despite DOGE’s rising momentum, both Solana and Ethereum have shown mixed performance. Ethereum, currently trading near $3,651, faces significant resistance between $3,600 and $4,000, a level that previously triggered a 66% price correction in late 2024. On-chain data indicates a net taker volume outflow of -$418.8 million—the second-largest on record—suggesting possible panic selling or aggressive profit-taking [1]. Meanwhile, Solana, trading at $163.51 with a $88.04 billion market cap, continues to benefit from fast transaction speeds and low fees but has seen a recent 8.74% decline in daily trading volume [1].

In contrast, DOGE has captured a growing share of retail attention, particularly as whale activity represents a meaningful portion of its total circulating supply. Analysts like Ali Martinez note that such concentrated accumulation could influence short- to medium-term price dynamics, especially if institutional investors begin to treat the asset more seriously [1]. The increased interest in DOGE is also part of a broader rally in meme coins and altcoins, with tokens like Maxi Doge (MAXI) and Snorter (SNORT) seeing elevated trading volumes and investor engagement [4].

While DOGE has shown relative strength during periods of risk-off sentiment, it still lags behind Ethereum and Solana in terms of market capitalization and infrastructure. Some analysts have forecasted DOGE could reach $0.40 in the next 12 months, though such predictions are speculative and subject to market conditions [6]. Regulatory clarity, macroeconomic trends, and further institutional adoption will likely play a key role in shaping DOGE’s trajectory [7].

Source:

[1] BlockchainReporter - [https://blockchainreporter.net/dogecoin-whales-accumulate-200m-could-doge-surpass-solana-and-ethereum-soon/](https://blockchainreporter.net/dogecoin-whales-accumulate-200m-could-doge-surpass-solana-and-ethereum-soon/)

[2] ICOBench.com - [https://icobench.com/news/best-altcoins-to-buy-eth-and-sol-rise-as-u-s-investors-could-soon-add-crypto-to-401k/](https://icobench.com/news/best-altcoins-to-buy-eth-and-sol-rise-as-u-s-investors-could-soon-add-crypto-to-401k/)

[3] CoinCentral - [https://coincentral.com/why-this-viral-sub-0-10-crypto-could-leave-tron-trx-stellar-xlm-and-dogecoin-doge-behind-in-2025/](https://coincentral.com/why-this-viral-sub-0-10-crypto-could-leave-tron-trx-stellar-xlm-and-dogecoin-doge-behind-in-2025/)

[4] Binance - [https://www.binance.com/en/square/profile/coinspeaker](https://www.binance.com/en/square/profile/coinspeaker)

[5] FINVIZ.com - [https://finviz.com/news.ashx?v=5](https://finviz.com/news.ashx?v=5)

[6] Yahoo Finance - [https://finance.yahoo.com/quote/REV2-USD/news/](https://finance.yahoo.com/quote/REV2-USD/news/)