In an unexpected turn of events in the crypto space, a recent post on X claimed that a whale purchased an impressive 1.4 billion Dogecoin (DOGE) tokens on Saturday. It should be noted that the recent acquisition represents a purchase for $173.1 million at current DOGE prices.
Likewise, this purchase caught the attention of Dogecoin founder “Billy Markus,” also known by the nickname “Shibetoshi Nakamoto.” Shortly after the information was made public by Cryptocurrency analyst, “Ali Martínez”, the creator of Dogecoin eloquently responded on X with a “wat”, which added more attention to the purchase, while many wondered about the reason for this important transaction.
It is important to note that what is interesting about the recent purchase is its similarity to the one reported in X by Ali Martínez on Thursday, where various whales also collectively acquired more than 1.4 billion DOGE in a short period of 48 hours. This number of DOGE tokens were valued at $140 million dollars, according to the price at that time.
Currently, the popular memecoin Dogecoin (DOGE) is trading at $0.124, accumulating monthly gains of more than 22%. Source: CoinMarketCap
According to experts, the recent buying waves demand a closer look to see if the reported transaction is a large isolated purchase or if it is the result of multiple whales coordinating their purchases.
On the other hand, the whales’ recent actions could greatly influence price trends and investor sentiment. This is because the massive purchase of DOGE tokens generates strong speculation about the motivations behind such large investments and their possible effects on the crypto ecosystem.
Dogecoin continues its bullish streak
It is worth noting that according to experts, the popular memecoin DOGE, driven by this wave of large-scale transactions, is showing impressive performance, with an increase of 15% during this week. In addition, Dogecoin has also managed to overcome important technical resistances, in In particular, a break in the “Relative Strength Index” (RSI), according to Ali Martínez.
Additionally, Martinez also highlighted on X that Dogecoin is currently showing a “Supertrend Indicator” buy signal, suggesting that investors may be viewing the cryptocurrency positively.
Currently, the daily rating of the popular “Doge Fear and Greed” index for the DOGE memecoin is positive.
On the other hand, Dogecoin miners are also playing their role in this bullish dynamic, which could lead to a real explosion of the DOGE price.
In the last 56 days, Dogecoin miners have accumulated approximately 280 million DOGE tokens. This massive accumulation, valued at around $34 million, shows that crypto miners prefer to hold onto their assets rather than sell them immediately.
It is important to note that the reduction in selling pressure from Dogecoin miners is an encouraging development for DOGE holders. If this trend continues, it could boost investor confidence, attracting new buyers to the crypto market and potentially boosting the popular token exponentially.
For reference, crypto analyst “TradingShot” noted on X in the middle of the month that DOGE could be about to enter a parabolic rally. According to their analysis, the token could reach a price of $2 in August 2025, representing an increase of 1,600% compared to its current value.
However, it is important to note that the cryptocurrency market remains volatile and investment decisions should be made with great caution.
Do you want to always be updated in the world of cryptocurrencies? Subscribe now to the CriptoTendencia WhatsApp channel! Here you will instantly receive the most relevant information about Bitcoin, Altcoins, DeFi, NFTs, Blockchain and the Metaverse.
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
