Whales Scoop Up 2B DOGE In Days

Dogecoin has just crossed a strategic threshold, driven by massive accumulation and the emergence of a rare bullish signal. In a still hesitant crypto market, this movement attracts the attention of technical investors as well as memecoin enthusiasts. Indeed, when such a symbolic asset sends clear signals, it is hard to stay on the sidelines. The upcoming sessions will reveal whether this momentum marks a mere rebound or the beginning of a new cycle.

Massive accumulation : whales change the game

While its creator mocked a crazy prediction on bitcoin, Dogecoin has recorded a significant movement on its blockchain since the beginning of the month: an accumulation of more than 2 billion DOGE, about 500 million dollars, by wallets holding between 100 million and 1 billion tokens.

This accumulation happened within a few days, at a strategic moment in the market. Such momentum directly allowed Dogecoin to break previous resistance levels, contributing to the bullish impulse observed in recent days.

The behavior of these whales, often associated with institutional or semi-professional players, constitutes a strong signal of confidence regarding the short-term potential of the memecoin.

Here are the key elements revealed by the market data :

• 2 billion DOGE have been recently accumulated by wallets containing between 100 million and 1 billion cryptos ;
• The estimated value of these purchases is around 500 million dollars ;
• This accumulation coincided with a major resistance breakout at $0.241 ;
• The DOGE price rose up to $0.246, crossing a critical technical threshold.

The scale of this accumulation is not anecdotal. It helped create a favorable base for possible upward continuation. However, this momentum, although strong, is not sufficient by itself to guarantee a sustainable trend.

The Golden Cross : a technical signal that changes the trend

Alongside the whales’ accumulation, Dogecoin recorded a major charting signal: the formation of a Golden Cross between the 50-day exponential moving average (EMA50) and the 200-day exponential moving average (EMA200).

This bullish crossover, often interpreted as a leading indicator of trend reversal, marks the end of a five-month cycle dominated by a Death Cross, an inverse signal characteristic of bear markets.

Thus, this new configuration suggests that “the overall Dogecoin momentum shifts from a bearish bias to a more favorable trend”. In other words, technical indicators not only confirm the current momentum, they anchor it in a more structural perspective.

This transition in the technical cycle opens immediate perspectives for the price. If Dogecoin manages to maintain its position above $0.241, the next identified target is at $0.273, a threshold considered the next major resistance.

However, if the bullish momentum fails to consolidate, a pullback or a consolidation phase between $0.241 and $0.218 is possible. This intermediate zone would then serve as an adjustment ground, potentially marked by a return of volatility and a questioning of the bullish signal.

The intrinsic volatility of Dogecoin often linked to massive liquidations, combined with its speculative nature, invites caution regarding expectations. While the current momentum evokes euphoric precedents, it will also depend on external factors such as the overall crypto market evolution or macroeconomic signals. For now, the appearance of the Golden Cross and whales’ activity constitute strong catalysts.