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Whales buy US$330 million in 24 hours and DOGE rises 10%
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On January 3rd, Dogecoin whales surprised the market by acquiring 1 billion tokens in just 24 hours, moving approximately US$330 million dollars10% of the total traded on the day. The action boosted the DOGE price, which rose 10%, being quoted at US$0.37 dollars. With 37.08% of the total supply controlled by just five addresses, the whales’ concentration of power raises questions about market dynamics and the future of the currency, which has already seen a return of 331.16% in 2024.
Whale movements always attract market attention which is alert to possible highs and lows in the tide. Another of these movements caught the market’s attention last Friday, 3. Cryptocurrency investment analyst, Ali Martinez, recognized for his solid analyses, shared a tweet informing that whales compare US$ 1 billion of Dogecoin in just 24 hours.
Considering that the token was priced at US$0.33 on the date of publication, we estimate that the whales moved around US$330 million. This amount represents approximately 10% of the total moved that day. This amount caught the attention of investors who quickly went after their DOGE. On Friday the 3rd, the day following publication, the token, which is part of the Memex Index, registered an increase of 10%, trading at US$ 0.37.
Recently, data from BtInfoCharts revealed that 37.08% of the total Dogecoin supply is under the control of just five addresses. The largest of these addresses holds an impressive 19.56% of the total. This concentration of power can significantly influence market dynamics, as the actions of these “whales” can impact prices and perception of the asset.
DOGE in the Trump 2.0 Era
In 2024, Dogecoin saw a return of 331.16%, but after peaking at $0.4665 on December 8, the price fell 32.22%, closing the year at $0.31616. Since then, DOGE has recovered, reaching $0.36256. In early 2025, Dogecoin whales began accumulating again. The recent acquisition of 1 billion DOGE between January 1st and 2nd was seen as a positive sign by the market.
Technical analysts have identified bullish patterns for DOGE. Analyst Trader Tardigrade set a long-term price target of $3.20, while firm TradingShot pointed to a target of $1.50 for the first quarter of 2025, based on DOGE’s historical performance. The creation of the department DOGE, in the next Donald Trump administration, is a political factor that could be behind yet another rise in cryptocurrency.
Whales buy US$330 million in 24 hours and DOGE rises 10%
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Whales buy US$330 million in 24 hours and DOGE rises 10%
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Whales buy US$330 million in 24 hours and DOGE rises 10%
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Whales buy US$330 million in 24 hours and DOGE rises 10%
