Dogecoin Explodes 22% as Whales Accumulate $220M in Single Day DOGE Buying Spree ⋆ ZyCrypto
The post Dogecoin Explodes 22% as Whales Accumulate $220M in Single Day DOGE Buying Spree ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
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  DOGE whales are up and actively positioning the leading memecoin for a possible rally to new price levels. Fresh market data has validated bullish sentiments for altcoin and has further strengthened the near-term positive outlook amongst key players. Notably, big whales are spreading the ongoing bullish wave at this time. As observed by market analyst Ali Charts, Dogecoin whales are riding the bullish wave tirelessly as they continue to accumulate DOGE tokens. In an on-chain chart shared by Santiment, whales purchased a whopping one billion DOGECOIN, valued at $220,000,000, on August 6. The purchase was made within a 24-hour time frame, suggesting that whales might be bracing themselves for a potential long-term rally as they commit to playing the long game. Large whale accumulation is often regarded as a bullish signal, as it suggests increased confidence amongst market investors. The positive implications include rapid price increase as large token purchases reduce circulating supply and create upward pressure on prices due to lower availability. DOGE bulls kick off a mild upward rally At report time, DOGE bulls appear to have already kicked off an upward rally—an uptrend that might be a response to potentially significant executive orders on 401(k)s. Advertisement
  The memecoin has recorded a notable surge in price value following reports that President Donald Trump is preparing to sign an executive order that could, in the long run, boost the asset’s price from now on. Thus far, DOGE has soared 22.4% over the last 7 days and has emerged as the second highest gainer behind Ethereum (ETH) with 20.63% worth of gains, over the period above. Notably, the leading memecoin DOGE is trading in the green zone with a press time price of $0.24.
Source: https://zycrypto.com/dogecoin-explodes-22-as-whales-accumulate-220m-in-single-day-doge-buying-spree/
Filed under: News - @ August 9, 2025 6:27 pm