Whales Scoop Up Over 1 Billion DOGE in 24 Hours – Is a Price Surge Coming?

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Whales Acquire Over 1 Billion DOGE in Just 24 Hours

DOGE price dipped, but whales quickly pushed it above $0.20.

Whale accumulation signals potential bullish trend for Dogecoin’s future.

Dogecoin (DOGE) has recently experienced a significant event: large investors, commonly referred to as "whales," acquired over one billion DOGE within a single 24-hour period. Onchain data from Santiment reveals that wallets holding more than one billion DOGE increased their reserves by an impressive 1.1 billion between August 5th and 6th.

This surge in whale activity is clearly illustrated in a chart shared by @ali_charts on X (formerly Twitter). The chart depicts DOGE's price fluctuations (represented by a black line) alongside the amount of DOGE held in whale wallets (shown in grey).

The substantial accumulation by whales is evident as a sharp spike in the grey area on August 6th, corroborating the report of over 1 billion DOGE being purchased in a day. This has fueled speculation regarding the future price movement of the cryptocurrency.

 Whales bought over one billion Dogecoin $DOGE in the last 24 hours!  pic.twitter.com/qdGrIE6Gez
 — Ali (@ali_charts) August 6, 2025

Whale Accumulation: A Bullish Indicator?

This large-scale buying occurred as DOGE's price temporarily dipped to around $0.194. However, the price swiftly recovered, climbing above $0.20. This suggests that whales may be strategically positioning themselves in anticipation of a potential price increase.

Historically, whale activity has often been considered a bullish signal in the cryptocurrency market. Large investors tend to accumulate assets when they believe the current price undervalues the asset's future potential.

This recent accumulation could indicate that whales anticipate a future price rally for DOGE. These investors may be acting ahead of the broader market, suggesting a potential price increase is on the horizon.

DOGE's ability to regain a price above $0.20, despite relatively low trading volume and modest accumulation prior to the whale activity, is noteworthy. This short-term recovery could signal an upcoming price shift driven by the movements of these large "whale" wallets and overall market sentiment.

Currently trading slightly above $0.20, DOGE is being closely watched. The key question is whether this recent whale activity will indeed trigger a price surge, marking the start of a sustained bullish trend for DOGE.