Dogecoin (DOGE) whales appear to be on an uptrend with no signs of slowing down.
While crypto markets were subdued during the holiday season, there is a group of Dogecoin (DOGE) Investors that remain particularly active are whales. Their increased activity could offer valuable insights into Dogecoin’s prospects for 2025.
Whales Bag 300 Million Dogecoin (DOGE)
Dogecoin whales continue their upswing with no signs of slowing down. Data shows that while many investors said goodbye to 2024 and wished them all the best in the new year, these investors were busy collecting massive amounts of the popular meme coin.
In a contribution On Tuesday, crypto analyst Ali Martinez shared
The most recent whale purchases follow a similar accumulation of 270 million DOGE by whales holding between 10 and 100 million coins, which took place just a week ago. Taken together, these measures suggest growing confidence in the asset’s prospects for 2025.
These votes of confidence potentially support theories of an impending DOGE rally, as whale activity is known to influence price movements.
However, at the time of writing, DOGE continues to trade flat within the narrow range of $0.30 to $0.33 that it has been in for most of the past two weeks.
Still, bulls remain optimistic about a potential rally to new highs in 2025, buoyed by ambitious price forecasts from several analysts.
For example Martinez suggested The…
