{"id":86349,"date":"2025-08-06T12:06:09","date_gmt":"2025-08-06T12:06:09","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=86349"},"modified":"2025-08-06T12:06:09","modified_gmt":"2025-08-06T12:06:09","slug":"1000000000-doge-in-24-hours-what-are-dogecoin-whales-preparing-for","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=86349","title":{"rendered":"1,000,000,000 DOGE in 24 Hours: What Are Dogecoin Whales Preparing for?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Large investors scooped up more than $200 million worth of DOGE in a single day.<\/span>
\nWhile some analysts predict a price pump to\u00a0$0.50 for the meme coin, others warn of a bearish scenario in the short term.<\/p>\n

<\/a><\/span><\/h2>\n

The Whales Go Wild<\/h2>\n

After its impressive performance towards the end of July, Dogecoin\u2019s price headed south lately and currently trades at around $0.20 (per CoinGecko\u2019s data). However, the recent actions of the large investors (known as whales) signal that another resurgence could be incoming.<\/span><\/p>\n

The popular analyst Ali Martinez <\/span>revealed<\/span><\/a> on X that such market participants have accumulated one billion DOGE in the past 24 hours. The stash equals roughly $200 million, and this cohort of investors now collectively holds 72.64 billion tokens (almost 50% of the meme coin\u2019s circulating supply).<\/span><\/p>\n

Purchases of that type reduce the amount of coins in the open market and may trigger a price rally (assuming demand doesn\u2019t decline). Additionally, small players might take this as an encouraging sign and follow suit.\u00a0<\/span><\/p>\n

It is a <\/span>common<\/span> theory that whales have access to insider information about key events that could influence the market, which may explain their sudden buying or selling efforts. One potential development that might have a positive impact on Dogecoin\u2019s valuation is the approval of the first spot DOGE exchange-traded fund (ETF) in the United States.<\/span><\/p>\n

Some of the companies willing to introduce such an investment vehicle include Bitwise, 21Shares, and Rex Shares. The odds of a green light before the end of 2025 stood at 56% on August 3, but in the following days they sharply increased to the current 74%.\u00a0<\/span><\/p>\n

<\/a>DOGE ETF Probability, Source: Polymarket<\/p>\n

The question now is whether the whales have filled their bags in anticipation of a final \u201cyes\u201d from the US Securities and Exchange Commission (SEC), or if there\u2019s another motive behind their move.<\/span><\/p>\n

The Next Targets<\/span><\/h2>\n

DOGE remains one of the most <\/span>talked-about<\/span> topics in the <\/span>crypto<\/span> community, with many envisioning <\/span>major<\/span> gains <\/span>in the near future<\/span>.<\/span><\/p>\n

X user Marcus Corvinus <\/span>described<\/span><\/a> the meme coin as \u201cthe real silent killer,\u201d claiming it is \u201cway undervalued\u201d compared to its peak levels from 2024 and its ATH in 2021. The analyst cited Dogecoin\u2019s bullish structure and certain chart patterns to predict a rise to almost $0.50 in the coming months.\u00a0<\/span><\/p>\n

Others made more bearish forecasts. The X user Astekz <\/span>argued<\/span><\/a> that DOGE\u2019s current condition looks \u201chorrendous.\u201d They assumed that bulls might get lucky with a 20% move to the upside, but after that, the price might plunge substantially.<\/span><\/p>\n

The post 1,000,000,000 DOGE in 24 Hours: What Are Dogecoin Whales Preparing for?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Large investors scooped up more than $200 million worth of DOGE in a single day. While some analysts predict a price pump to\u00a0$0.50 for the meme coin, others warn of a bearish scenario in the short term. The Whales Go Wild After its impressive performance towards the end of July, Dogecoin\u2019s price headed south […]<\/p>\n","protected":false},"author":0,"featured_media":86350,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86349"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86349"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/86350"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}