Whale Alert: 200 Million Dogecoin Bought—Is A Price Rally On The Horizon?

Source Newsbtc

Based on reports from crypto market analysts, Dogecoin has caught investors’ attention with a significant whale buying trend.

Crypto market analyst Ali Martinez revealed that major investors have purchased 200 million Dogecoin tokens in just two weeks, sending ripples through the cryptocurrency market. This unexpected move has sparked intense discussion among traders and market watchers.

Massive Coin Accumulation Signals Market Shift

Investors are watching closely as large Dogecoin holders make substantial moves. The token has seen a remarkable price jump from $0.148 to $0.185 between March 11 and 25, representing a nearly 26% increase.

Market experts point to this substantial growth as a potential turning point for the meme crypto. Some traders believe the whale activity could be a harbinger of more significant price movements.

Analysts Predict Potential Price Surge

Market watchers have picked up on encouraging signals that suggest Dogecoin might be heading for a substantial rally. Analyst Trader Tardigrade provided additional excitement by suggesting the cryptocurrency is completing its third market cycle.

This analysis hints at a potential significant price increase that could catch the attention of both seasoned and novice investors. The weekly chart supports this optimism, displaying a 22% gain in recent days.

Derivatives Market Shows Growing Interest

Trading data tells us more about why so many people are excited about Dogecoin. Futures open interest went up 6%, reaching nearly $2 billion, showing more people and big companies believe in it. The amount traded jumped by 15%, hitting over $4 billion, based on Coinglass data. These numbers show more people are getting involved and the market could keep going up.

Big Buyers Keep Pushing The Market Up

Big investors have been buying up Dogecoin in large volumes, and it’s a pretty strong sign of confidence in the market. Even with all the ups and downs in price, they clearly see something in the meme coin.

Snapping up 200 million coins in just two weeks isn’t a small move—it shows they believe in where this thing is headed. Right now, Dogecoin is sitting at $0.1910, up 5% on the day, which just adds to the growing optimism.

Featured image from Gemini Imagen, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold rebounds as Dollar retreats ahead of US-China trade talks this weekendGold (XAU/USD) pops just shy of 1% on Friday and heads back above $3,325 at the time of writing. The precious metal’s price is edging higher as markets call the trade deal announced on Thursday between the United States (US) and the United Kingdom (UK)  a ‘nothingburger’.
Author  FXStreet
10 hours ago
Gold (XAU/USD) pops just shy of 1% on Friday and heads back above $3,325 at the time of writing. The precious metal’s price is edging higher as markets call the trade deal announced on Thursday between the United States (US) and the United Kingdom (UK)  a ‘nothingburger’.
placeholder
Dogecoin price jump above $0.20 triggers $13 million in liquidationsDogecoin (DOGE) price edges higher after stepping above $0.20 and climbing to trade around $0.21 at the time of writing on Friday.
Author  FXStreet
10 hours ago
Dogecoin (DOGE) price edges higher after stepping above $0.20 and climbing to trade around $0.21 at the time of writing on Friday.
placeholder
President Trump says he is preparing to drop tariffs against ChinaPresident Donald Trump told reporters Thursday that the 145% import tariffs slapped on China since his return to the White House are likely coming down.
Author  Cryptopolitan
10 hours ago
President Donald Trump told reporters Thursday that the 145% import tariffs slapped on China since his return to the White House are likely coming down.
placeholder
Massive Buy Pressure Hits Binance as Bitcoin Reclaims $100,000Bitcoin’s price has finally reclaimed the $100,000 milestone after ranging below it for several weeks. This latest surge signals renewed momentum in the broader crypto market.
Author  NewsBTC
11 hours ago
Bitcoin’s price has finally reclaimed the $100,000 milestone after ranging below it for several weeks. This latest surge signals renewed momentum in the broader crypto market.
placeholder
ETF Inflows Surge as Bitcoin Reclaims $100,000—But Caution Creeps Into OptionsSpot Bitcoin ETFs registered another consecutive day of inflows on Thursday, coinciding with the coin’s rally back above the $100,000 mark for the first time since February. 
Author  Beincrypto
11 hours ago
Spot Bitcoin ETFs registered another consecutive day of inflows on Thursday, coinciding with the coin’s rally back above the $100,000 mark for the first time since February. 
goTop
quote