Fresh on-chain data reveals major Dogecoin (DOGE) investors have quietly accumulated over $300 million worth of tokens in the past month, potentially setting the stage for a significant price breakout. This surge in whale activity comes as multiple technical indicators align to suggest DOGE could be preparing for its next major move.
Whale Accumulation Hits 4-Week High
According to data from Santiment, addresses holding between 100 million and 1 billion DOGE have increased their collective balance from 24.6 billion to nearly 26 billion DOGE between April 13 and May 13. This 1.4 billion DOGE accumulation, worth approximately $300 million, represents one of the most significant periods of whale accumulation in 2025.
This accumulation pattern shows striking similarities to previous whale activity that preceded major price movements, suggesting institutional and large-scale investors may be positioning themselves for an anticipated upward move.
Network Activity Surges to Record Levels
Supporting the bullish narrative, network metrics have shown remarkable growth:
- Daily active addresses peaked at 680,000 (May 12-13)
- Transaction volume reached $1.21 billion
- Large transactions ($1M+) have increased significantly
Critical Price Levels to Watch
DOGE currently trades at $0.22, facing crucial resistance between $0.24-$0.26. A breakthrough above this range could trigger a rally toward $0.30, while failure might see prices retreat to mid-$0.17 support levels.
Expert Analysis and Price Targets
Market analyst Ali Martinez suggests that a decisive close above $0.26 could spark a new bull run, potentially leading to significantly higher prices. The combination of whale accumulation and increasing network activity provides fundamental support for this bullish outlook.
Frequently Asked Questions
What is driving the current Dogecoin accumulation?
Large investors appear to be positioning themselves ahead of potential market movements, with on-chain data showing significant whale accumulation over the past month.
What are the key resistance levels for DOGE?
The primary resistance zone lies between $0.24-$0.26, with $0.30 serving as the next major target if this range is broken.
How significant is the current whale activity?
The recent accumulation of 1.4 billion DOGE ($300M) by large holders represents one of the most substantial periods of whale activity in 2025.
As the market awaits a potential breakout, investors should monitor whale activity and network metrics for confirmation of the current bullish setup. The next few weeks could prove crucial for DOGE’s price trajectory.