Whales Accumulate 310M DOGE as Dogecoin Price Faces Pressure

Whales have acquired 310 million DOGE despite a recent price dip, suggesting a strategic accumulation strategy.

Dogecoin trading volume exceeded $2 billion even as retail interest waned, with large holders increasing their positions.

These accumulation patterns suggest a potential DOGE price recovery, as whales position themselves ahead of a possible trend reversal.

Dogecoin (DOGE) has seen significant whale activity, with 310 million tokens changing hands within a 24-hour period, even as Dogecoin's price experienced a temporary decline. Market data indicates an increase in the number of large holders despite the drop in DOGE trading prices, potentially signaling a shift in market sentiment in the coming sessions.

Whale Activity Intensifies Amid Dogecoin Price Decline

Recent on-chain data reveals a notable increase in Dogecoin accumulation by whales. Despite a 5.11 percent price decrease in the previous week, large holders acquired 310 million DOGE units.

Source: ali via X

This discrepancy between price movement and accumulation statistics points to strategic purchasing behavior. Whales are capitalizing on lower prices, potentially anticipating a medium-term recovery. This trend is a potentially important indicator of a coming shift in market direction.

Historical DOGE trading patterns support this observation. Previous accumulation periods by large holders have often preceded significant speculative rallies or trend reversals.

Market Behavior Suggests Weak Retail Sentiment, Smart Money Positioning

While whale wallets are expanding, retail sentiment appears increasingly cautious. The current short-term downtrend reflects reduced buying pressure from smaller participants.

DOGE's price, currently at $0.2224, has increased by 2.43% over the past 24 hours but is still down 4.42% week-on-week. This contrast between retail exits and institutional entries is a common pattern often seen near price bottoms.

Traders observing volume data noted a $2.01 billion turnover, indicating robust liquidity even during the correction. Analysts suggest that sustained volume combined with strategic accumulation could stabilize the price before a potential breakout.

Technical Structure and Accumulation Signal Possible Rebound

Chart visuals suggest that while the price trends lower, accumulation zones are forming.

This silent accumulation phase, if sustained, often leads to consolidation before a breakout. Continued whale accumulation could lead to a quick shift in sentiment.

Dogecoin's volatility presents risks, but recent on-chain signals indicate renewed confidence among major players. Market observers are closely monitoring for any changes in the price trajectory.