Whales Drive Dogecoin Surge: Will DOGE Price Hit $1 in 2025?

Dogecoin is experiencing renewed activity, driven not by retail investors, but by significant institutional investment. On April 14th, DOGE whales acquired over 800 million tokens, representing a nearly $128 million investment. This substantial purchase suggests large holders are anticipating a positive price shift, and several indicators support this hypothesis.

Why are whales accumulating Dogecoin?

Several factors contribute to this trend. Bloomberg analysts Eric Balchunas and James Seyffart estimate a 75% chance of a spot Dogecoin ETF approval in 2025, second only to Bitcoin. The SEC's classification of DOGE as a commodity rather than a security is also significant, offering regulatory clarity and potentially facilitating broader institutional adoption.

Furthermore, Dogecoin benefits from strong cultural backing, notably from Elon Musk's continued public support. It's the only meme coin with mainstream recognition rivaling Bitcoin. Unlike Ethereum, which some investors perceive as playing catch-up to Bitcoin, Dogecoin enjoys a distinct narrative and spotlight. The recent filing for a DOGE ETF by 21Shares, following Grayscale and Bitwise, further underscores growing institutional interest.

DOGE Price Outlook – Bullish Divergence, but Cautious Optimism

Technically, Dogecoin exhibits early signs of a potential rebound. The daily chart shows a recent price drop, but the RSI (Relative Strength Index), a momentum indicator, did not follow suit, suggesting weakening downward momentum.

However, DOGE remains below a key trendline that has suppressed prices for weeks. A sustained breakout above this line is crucial for confirming any short-term gains. A further drop to around $0.14 is possible, potentially forming a solid base (double bottom) before a price increase. Currently, DOGE trades around $0.7325, demonstrating short-term strength. However, substantial buying volume and a clear breakout above the trendline are needed to validate this upward movement.

Can PEPE Outperform DOGE in 2025?

While Dogecoin's momentum is building, its large market cap limits the potential for extreme returns (10x or 100x) often sought by early-stage investors. This has led many high-risk investors to explore smaller, more volatile meme coins, with PEPE being a prominent example.

PEPE's rapid growth in 2023, fueled by Ethereum's meme culture, demonstrates its staying power. It maintains strong liquidity, active development, and significant online presence, particularly in Asia. PEPE's primary advantage over DOGE is its smaller market cap, offering considerably more potential upside. Its responsiveness to market sentiment and viral trends also contributes to its success. In the meme coin space, speed and virality are paramount, and PEPE excels in both.

In conclusion, Dogecoin is gaining momentum, supported by institutional investment and ETF speculation. Positive technical indicators and growing fundamental interest suggest a potential rise towards $1 by 2025, contingent on maintaining current levels and breaking the descending trendline. However, for investors seeking potentially higher, riskier returns, PEPE presents a more volatile, high-upside alternative. Both DOGE and PEPE cater to different investor profiles, and both could ultimately prove successful.