Whales continue to hoard Dogecoin, sparking speculation of a possible surge in value
Whales are continuing to accumulate Dogecoin despite a recent 24% decline in the cryptocurrency’s price. This strategic move by large investors may indicate a potential recovery for DOGE in the near future.
The recent increase in holdings by these significant investors, also known as whales, from 10.38 billion to 10.45 billion DOGE, during a period of decreasing prices could suggest a positive outlook for the long-term potential of Dogecoin. Historically, when whales start buying during bearish trends, it often signals an upcoming market rally, showcasing their belief in an eventual market upturn.
The current whale activity appears to be focused on the long term, with consistent purchases being made to position themselves for future market movements. This trend could potentially attract more retail investors to participate, leading to potential price increases down the line.
A key indicator of market movement is the volatility of Dogecoin. The short-term volatility of DOGE has significantly decreased, dropping from 0.125 in November 2024 to 0.008 on March 22, 2025. This stabilization of speculative movements is typically followed by phases of accumulation for altcoins.
Moreover, the number of active addresses for Dogecoin has decreased from 7.02 million in November 2024 to 482,000 on March 22, 2025, indicating lower retail investor participation. However, the accumulation by whales could stimulate renewed engagement, as significant transactions often lead to increased network activity.
If retail investors follow suit and increase their activity, it could reinforce the price dynamics of DOGE, fostering stability and potentially paving the way for long-term growth. The accumulation of 120 million DOGE by whales, despite price declines, showcases strategic confidence in the cryptocurrency’s future.
Although Dogecoin has experienced recent fluctuations, the signals from whales suggest that they anticipate a forthcoming rebound. Investors are advised to closely monitor the developments of DOGE in the coming days to capitalize on potential positive shifts in the market.
In conclusion, the ongoing accumulation of Dogecoin by whales, combined with reduced volatility and increased stability, signifies a positive outlook for the cryptocurrency’s future. This strategic move by large investors could lead to a broader recovery for DOGE and encourage retail investor participation in the market.
