Dogecoin Sees Price Surge Amid Increased Whale Activity

Dogecoin has recently surged in value, capturing the spotlight with a significant weekly gain.

This spike is attributed to major whale transactions and positive on-chain metrics, suggesting the cryptocurrency might continue to rise.

Dogecoin’s price boost has been fueled by large transactions, with a notable whale accumulating 800 million DOGE through two deals on Robinhood, worth around $101 million. This surge in whale interest indicates growing confidence in the cryptocurrency.

Additionally, on-chain data shows that 75% of DOGE holders are currently in profit, and large holders control 62% of the total supply. The cryptocurrency has also reached a milestone of 90 million addresses, pointing to increasing adoption.

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Technical analysis suggests that if Dogecoin breaks through the $0.128 resistance level, it could potentially climb to $0.174, with further gains possible up to $0.228.

At the time of writing, Dogecoin’s price has risen 8% in the past 24 hours to $0.134, with trading volume of around $1.07 billion

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.