Whales Plunge into Dogecoin, Purchasing a Staggering 560 Million DOGE in a Single Week

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In a significant move, Dogecoin whales have gone all in, acquiring an enormous 560 million DOGE tokens within a span of seven days, capitalizing on the improving market conditions. This hefty acquisition highlights the resurging interest and bolstering faith in Dogecoin’s long-term viability. As the demand escalates, the crypto community is left speculating the motives behind this colossal accumulation and its possible influence on the Dogecoin price.

Dogecoin Whales Amass 560 Million Tokens

The heavy hitters of Dogecoin, commonly referred to as ‘Whales’, are once again making waves. Crypto analyst Ali Martinez’s reports suggest that these high-net-worth investors are intensively expanding their Dogecoin portfolios. Whale transactions, generally characterized as transfers exceeding $100,000, have seen a recent uptick, hinting at strategic accumulation among investors.

Martinez revealed in his X (formerly Twitter) post on January 31 that Whales have amassed 560 million DOGE tokens in a single week. This considerable Whale activity trails a deep market selloff, with many investors choosing to cash out their holdings due to bearish market conditions.

After its spectacular ascent in December, Dogecoin has been grappling to recapture previous price peaks and provoke a rally beyond its ATH of $0.74. Following a significant price hike, the Dogecoin price receded towards the $0.3 zone and has been trying to breach resistance levels since then.

Despite bearish pressures and sudden downturns, Dogecoin whales appear to be reentering the market with gusto, snapping up as many DOGE tokens as they can.

Ahead of Donald Trump’s Presidential inauguration, Martinez reported in another X post that Dogecoin whales had executed a monumental transaction, securing an astonishing 1.83 billion DOGE tokens within 48 hours. This massive buying frenzy has captivated the crypto community, leading many to ponder the implications of these large-scale transactions.

One crypto community member, Mohd Atif, commented on the recent surge in whale activity, suggesting that these Dogecoin Whales might have foresight into the meme coin’s future price direction. He further predicted a $1 price spike for Dogecoin, potentially fueled by the activities of these large-scale investors.

Analyst Forecasts ‘Massive Rally’ for Dogecoin Price

With Dogecoin Whales actively acquiring more tokens, the meme coin’s price is primed for a potentially massive rally. Crypto analyst Trader Tardigrade presented a unique price chart, spotlighting past trends when Dogecoin rallied to new peaks.

In 2017, the meme coin shot up to its highest level, witnessing a similar upward surge in 2021 during the prior bull run. With the 2025 bull market already underway, Trader Tardigrade opines that the Dogecoin price could emulate historical trends and potentially surge to a new ATH target of $3.8.

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