DOGE Whales Bet Big: $1 Billion Accumulation Signals Strong Confidence Amid Market Dip

In a bold move underscoring their bullish outlook, Dogecoin whales have accumulated approximately 1 billion DOGE, worth around $1 billion, during the recent market downturn. On-chain data from Santiment highlights a significant increase in supply distribution among addresses holding over 1 billion DOGE, reflecting strong confidence from large-scale investors. This accumulation comes as Dogecoin tests lower price levels, with whales demonstrating their influence over the market. The strategic buying spree suggests that these major players anticipate a potential rebound or long-term growth for the meme cryptocurrency. As of August 8, 2025, this development has sparked discussions about DOGE's future trajectory, with many analysts watching closely to see if this whale activity will catalyze a broader market recovery.

Dogecoin Whales Accumulate $1 Billion in DOGE Amid Market Dip

Dogecoin whales have seized the opportunity presented by recent price declines, adding approximately 1 billion Doge to their holdings. On-chain data from Santiment reveals a notable increase in supply distribution among addresses holding more than 1 billion DOGE, signaling confidence from large-scale investors.

The move comes as the meme cryptocurrency tests lower price levels, with whales demonstrating their influence over market sentiment. These entities, each controlling upwards of $200 million in DOGE at current valuations, often serve as bellwethers for retail investor behavior.

Analyst Ali Martinez highlighted the trend via social media, noting the cohort's growing accumulation despite broader market uncertainty. The accumulation pattern mirrors previous cycles where whale activity preceded significant price movements.

Dogecoin's Prolonged Slump: Analyst Warns of Extended Bearish Phase

Dogecoin has now spent over 1,550 days below its all-time high—a record duration for the meme cryptocurrency. crypto analyst VisionPulsed notes this milestone reflects structural weaknesses in DOGE's market cycle, despite broader macroeconomic signals that typically fuel crypto rallies.

Global M2 money supply, a key liquidity indicator, bottomed in June but has yet to trigger upward momentum for Dogecoin. "The M2 must surge before DOGE responds," VisionPulsed emphasized in his August 6 analysis. Historical patterns suggest the asset could eventually reach $0.90–$1.50, though not in the immediate future.

While other large-cap cryptocurrencies have shown recovery signs, dogecoin remains trapped in what the analyst describes as a "bearish forever" pattern. The asset's underperformance continues to test the patience of its retail-driven investor base.

Dogecoin Enters Key Buy Zone at $0.2134 With Bullish Signals Ahead of Resistance

Dogecoin ($DOGE) is flashing early signs of a potential breakout as it trades within a historically strong accumulation range. The meme coin's weekly Relative Strength Index (RSI) sits at 47—a neutral zone that has preceded major rallies in past cycles. At $0.2134, DOGE hovers NEAR a critical support level of $0.1890, with resistance looming at $0.247.

Market observers note this technical setup mirrors conditions before previous bull runs. A decisive close above $0.247 could trigger accelerated buying, while holding $0.1890 WOULD reinforce the consolidation pattern. Traders across retail and institutional spheres are monitoring the price action closely.