Whale Alert: 200 Million Dogecoin Bought—Is A Price Rally On The Horizon?

Source Newsbtc

Based on reports from crypto market analysts, Dogecoin has caught investors’ attention with a significant whale buying trend.

Crypto market analyst Ali Martinez revealed that major investors have purchased 200 million Dogecoin tokens in just two weeks, sending ripples through the cryptocurrency market. This unexpected move has sparked intense discussion among traders and market watchers.

Massive Coin Accumulation Signals Market Shift

Investors are watching closely as large Dogecoin holders make substantial moves. The token has seen a remarkable price jump from $0.148 to $0.185 between March 11 and 25, representing a nearly 26% increase.

Market experts point to this substantial growth as a potential turning point for the meme crypto. Some traders believe the whale activity could be a harbinger of more significant price movements.

Analysts Predict Potential Price Surge

Market watchers have picked up on encouraging signals that suggest Dogecoin might be heading for a substantial rally. Analyst Trader Tardigrade provided additional excitement by suggesting the cryptocurrency is completing its third market cycle.

This analysis hints at a potential significant price increase that could catch the attention of both seasoned and novice investors. The weekly chart supports this optimism, displaying a 22% gain in recent days.

Derivatives Market Shows Growing Interest

Trading data tells us more about why so many people are excited about Dogecoin. Futures open interest went up 6%, reaching nearly $2 billion, showing more people and big companies believe in it. The amount traded jumped by 15%, hitting over $4 billion, based on Coinglass data. These numbers show more people are getting involved and the market could keep going up.

Big Buyers Keep Pushing The Market Up

Big investors have been buying up Dogecoin in large volumes, and it’s a pretty strong sign of confidence in the market. Even with all the ups and downs in price, they clearly see something in the meme coin.

Snapping up 200 million coins in just two weeks isn’t a small move—it shows they believe in where this thing is headed. Right now, Dogecoin is sitting at $0.1910, up 5% on the day, which just adds to the growing optimism.

Featured image from Gemini Imagen, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Left Hand in Safe-Haven, Right Hand Against Inflation: International Gold Prices Hit New Highs with Seemingly No ResistanceTradingKey – This year, record-breaking gold prices have frequently made headlines across major media outlets. Geopolitical tensions, inflation trends, and U.S. tariffs have emerged as key drivers beh
Author  TradingKey
Yesterday 09: 08
TradingKey – This year, record-breaking gold prices have frequently made headlines across major media outlets. Geopolitical tensions, inflation trends, and U.S. tariffs have emerged as key drivers beh
placeholder
US Dollar Index maintains position near 104.50 ahead of PCE Price Index dataThe US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, hovers around 104.30.
Author  FXStreet
Yesterday 07: 30
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, hovers around 104.30.
placeholder
Gold price advances to fresh all-time peak amid tariffs-driven global flight to safetyGold price (XAU/USD) attracts follow-through buyers for the second consecutive day and climbs to a fresh record high, around the $3,077-3,078 area during the Asian session on Friday.
Author  FXStreet
Yesterday 05: 59
Gold price (XAU/USD) attracts follow-through buyers for the second consecutive day and climbs to a fresh record high, around the $3,077-3,078 area during the Asian session on Friday.
placeholder
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC stabilizes while ETH and XRP show weaknessBitcoin (BTC) price stabilizes at around $87,000 on Friday, as its RSI indicates indecisiveness among traders.
Author  FXStreet
Yesterday 05: 58
Bitcoin (BTC) price stabilizes at around $87,000 on Friday, as its RSI indicates indecisiveness among traders.
placeholder
EUR/USD trades with mild negative bias below 1.0800; focus remains on US PCE Price IndexThe EUR/USD pair struggles to capitalize on the previous day's goodish bounce from over a three-week low, around the 1.0730 area, and edges lower during the Asian session on Friday.
Author  FXStreet
Yesterday 05: 56
The EUR/USD pair struggles to capitalize on the previous day's goodish bounce from over a three-week low, around the 1.0730 area, and edges lower during the Asian session on Friday.
goTop
quote