The whale activity surrounding Dogecoin is increasingly growing, with nearly 230M Dogecoin accumulated in the last 24 hours. This development shows how Dogecoin (DOGE) continues to be a mainstream crypto asset, a pivotal choice for whales despite its sluggish and dormant price performance as of late. Are whales positioning themselves for something big? What is this move actively signalling towards? Here are the three possible solutions to this question.
Also Read: Dogecoin Is Desperate To Break Resistance: How High It Plans To Surge?
1. Whale Activity Doubles: Are Whales Positioning For Something Big?
Per Ali Martinez, Dogecoin whales have scooped nearly $230M in tokens in the last 24 hours. This move signals a deep interest in whales in the asset despite its slow price performance. This narrative could also mean how Dogecoin whales are positioning themselves for something big, perhaps a catalytic price move that the doge chart must be signalling, pushing them to align themselves by making such massive scooping moves.
230 million Dogecoin $DOGE bought by whales in 24 hours! pic.twitter.com/dYiCadxLtz
— Ali (@ali_charts) August 8, 2025
2. Accumulating the Dip
Crypto whales are known for making risky bets, selling and buying coins at a time when it can help them maximize their returns. DOGE whales accumulating 230M tokens may also signal a rising interest in the asset, materialized through sheer dedication and unhinged purchase of the asset during its low-price phase.
3. Speculative Buy For The Future (ETF, X Payments)
Dogecoin has always been a keen subject for enthusiasts to explore. The token has long been speculated to be added to X payments as a strong contender streamlining crypto payments across the platform. Moreover, Dogecoin ETFs are also building hype for the token, which might be two obvious reasons for whales to make such massive DOGE purchasing moves.
Dogecoin Price Prospects
According to CoinCodex DOGE data, Dogecoin may ultimately show some significant price action by 2028 and then by 2030, rising to hit $0.50 and $0.58 in the process.
“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to rise by 164.93% and reach $ 0.585351 by December 30, 2030. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 62 (greed). DOGE recorded 16/30 (53%) green days with 11.17% price volatility over the last 30 days.”
Also Read: Whales Scoop 1B Dogecoin Stock—3 Reasons DOGE Still Holds Value