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Last week witnessed significant activity from large Dogecoin (DOGE) holders. Wallets containing between 1,000,000 and 10,000,000 DOGE accumulated over 100,000,000 DOGE. This accumulation occurred subtly, yet the data is undeniable.

Santiment's on-chain data reveals that holdings in this investor category rose from approximately 10.42 billion DOGE to over 10.55 billion DOGE by April 30th. This represents a net increase of over 100 million DOGE in under two weeks. At prevailing prices, this equates to nearly $17.5 million accumulated without significant news or social media fanfare.

Concurrently, the DOGE price climbed from $0.145 on April 13th to $0.176 by month's end—a rise exceeding 21%. Charts indicate a price reaction correlating with intensified accumulation, yet lacking typical retail investor involvement.

Whales have bought 100 million #Dogecoin $DOGE over the past week! pic.twitter.com/eKihSdKPXB— Ali (@ali_charts) May 1, 2025

What accounts for this activity? These wallets are often classified as "smart money"—substantial enough to be impactful, yet not so large as to trigger widespread market attention. Silent accumulation by this group typically suggests foresight unavailable to the broader market.

One hundred million DOGE is a considerable amount, and the structured nature of the increase points to strategic positioning rather than random trading. This activity is particularly intriguing given the overall market uncertainty.

The question isn't if DOGE can rise again; it already has. The more pertinent question is: are these whales preparing for a longer-term market shift?

While nothing is definitive, synchronized movements by wallets of this scale often foreshadow broader market trends. Read the original article on U.Today