A recent large-scale Dogecoin purchase by a major whale has captured the attention of the crypto community, fueling speculation about a potential price surge.
The whale acquired nearly 80 million DOGE, sparking optimism for the token’s future trajectory.
Whale Alert data revealed a purchase of 78.57 million DOGE, valued at approximately $29.86 million, from Binance. This significant acquisition comes just ahead of Donald Trump’s inauguration, which has bolstered expectations of a pro-crypto environment under his leadership. Additionally, Elon Musk’s upcoming role in Trump’s administration has further energized Dogecoin supporters.
Dogecoin has seen notable price action, with a 20% increase over the past week. The token recently traded at $0.3772, showing signs of continued upward momentum. Analysts and investors alike are closely monitoring this trend, with many predicting a potential new all-time high.
Crypto market analyst Ali Martinez has predicted a bullish target of $15 for Dogecoin, citing its position within a multi-year ascending channel. This optimistic outlook aligns with the whale’s accumulation and growing investor confidence in the token’s potential.
As whale activity intensifies and market enthusiasm grows, Dogecoin appears poised for further gains, with traders eagerly anticipating its next move.
Rumors are heating up around Solana-based memecoin platform Pump.fun, which is said to be prepping a $1 billion token sale at a $4 billion valuation—though the team has yet to confirm any details publicly.
In a surprising shift beyond the education sector, Classover—a company best known for its online learning programs for K-12 students—is diving into digital assets by building a reserve of Solana (SOL).
BlackRock has executed a notable portfolio adjustment, reducing its exposure to Bitcoin while increasing its Ethereum holdings.
Investor excitement around a potential XRP exchange-traded fund is reaching fever pitch, with many now eyeing 2025 as the year the long-awaited approval finally lands.