Whales Accumulate 550M DOGE in 48 Hours as Price Struggles — Surge Possible
Santiment data shows addresses holding 1M–100M DOGE increased collective holdings from 27.79 billion to 28.34 billion DOGE (~550 million DOGE) in ~48 hours after DOGE dipped to the mid-$0.13s. The accumulation by mid‑to‑large holders began on Dec 3 and coincided with a short rebound to an intraday high of $0.1504. Analysts note this “whale” buying can tighten circulating supply and signal conviction, potentially supporting price stability or upward moves if selling pressure remains low. Technical watchers cite $0.138 as a key level for confirming a bottom; sustained trading above it would strengthen a recovery case. Some analysts project long‑term upside targets in the $0.70–$0.75 range if bullish momentum resumes. Key SEO keywords: Dogecoin, DOGE accumulation, whales, on‑chain data, price support.
Bullish
The on‑chain data shows meaningful accumulation by mid‑to‑large Dogecoin holders (≈550M DOGE in 48 hours). Historically, concentrated whale accumulation can reduce available supply on exchanges and precede consolidation or upward moves, especially when retail selling is subdued. The accumulation coincided with a short rebound to $0.1504 and reversed a prior distribution trend that began in mid‑October — suggesting a potential shift in sentiment among large holders. Key technical level: $0.138 — sustained trading above it would confirm a stronger bottom and increase the likelihood of a rally. However, the bullish case depends on continued whale buying, low distribution, and broader market risk appetite; absent those, moves may be muted. Short-term impact: potential price support and reduced volatility if whales continue to lock up supply. Long-term impact: if accumulation persists and macro/crypto market conditions improve, it could provide fuel for larger upswings (analyst targets cited up to $0.70–$0.75), but this is contingent on broader market leadership and liquidity returning. Comparable events: past meme‑coin rallies often followed concentrated accumulation by large holders (e.g., prior DOGE and SHIB runs) — therefore, traders should watch whale balances, exchange flows, and the $0.138 technical level for confirmation.