DOGE Whales Buy $220M in 24h, Drive 22% Rally
DOGE whales accumulated 1 billion Dogecoin (≈$220M) within 24 hours, fueling a 22.4% price rally to $0.24. On-chain data from Santiment and analysts Ali Martinez and Ali Charts confirm sustained whale accumulation, tightening supply and boosting demand. Over the past week, Dogecoin outperformed nearly all altcoins, achieving the second-largest weekly gain (20.63%) behind ETH. Traders should also watch for possible U.S. 401(k) executive orders that may inject new institutional inflows. This whale-driven momentum underscores bullish sentiment and highlights short- and medium-term trading opportunities for Dogecoin.
Bullish
The large-scale accumulation of 1 billion DOGE by major whales within a single day has significantly tightened supply on exchanges, directly fueling a 22.4% price surge. Historically, such concentrated whale buying precedes sharp rallies in meme coins as reduced liquidity and heightened demand drive prices up. The recent outperformance of Dogecoin—ranking second only to Ethereum in weekly gains—reinforces bullish momentum. Additionally, potential U.S. 401(k) executive orders could channel further institutional capital into cryptocurrencies. These factors jointly suggest positive short-term price action and sustained medium-term upside for Dogecoin.