- Whale accumulation of 2 billion DOGE impacts market sentiment.
- Golden cross triggers price surge in Dogecoin.
- 4% to 11% price increase in 24 hours.
Dogecoin saw a major whale activity when approximately 2 billion DOGE, worth around $500 million, were amassed, prompting a price uptick alongside a rare golden cross formation.
The accumulation event signals bullish market sentiment, affecting meme tokens, but without immediate repercussions on major cryptocurrencies like Bitcoin or Ethereum.
A significant accumulation of 2 billion DOGE recently occurred, valued at roughly $500 million. This coincided with a golden cross for Dogecoin, indicating a bullish trend not seen since November 2024.
Influential Dogecoin whales initiated this accumulation, with wallets holding 100 million to 1 billion DOGE identified. No official statements were issued by Dogecoin’s founders or leading developers regarding this event.
The whale activity reduced the DOGE supply on exchanges, often a signal for potential further price rises. Additionally, Dogecoin’s price increased between 4% and 11% shortly after the accumulation. A market analyst commented, “Dogecoin’s recent whale accumulation event has ignited market speculation and institutional interest, evidenced by a notable price uptick of approximately 4-11%.”
Though the price uptick benefited meme tokens like SHIB, FLOKI, and PEPE, its impact on BTC and ETH was minimal. Dogecoin is not heavily involved in DeFi protocols compared to other major cryptocurrencies.
Past accumulation events in November 2024 and August 2025 led to significant price movements. A previous golden cross saw DOGE rise by 130% in under four weeks.
On-chain analysts suggest Dogecoin could reach $1 if current trends continue. Historically, such structural setups have often correlated with broader altcoin uptrends, benefiting Dogecoin’s price momentum.
