News View Non-AMP

Dogecoin to the Moon?! Whales On Buying Spree, Analyst Predicts 700% Surge

Published by
Mustafa Mulla

Memecoin enthusiasts, this might be your time in the spotlight!

Prominent crypto analyst Ali Martinez has revealed that Dogecoin whales have purchased over 700 million DOGE tokens in the past 72 hours. Valued at approximately $112 million, this acquisition indicates a surge in interest and a potential bullish trend for the popular meme-based cryptocurrency.

Whales Are Making Waves!

Martinez’s insights highlight the influential role of these large holders in the Dogecoin market. The purchase of 700 million DOGE tokens by whales shows their ability to impact market dynamics with their substantial buying and selling activities.

However, the recent whale activity suggests a shift in sentiment towards Dogecoin, indicating that major players see promise in the cryptocurrency’s future. The timing of this whale activity aligns with a broader uptrend in the cryptocurrency market. 

As digital assets gain wider acceptance, Dogecoin has emerged as a significant player in the crypto space. The influx of whale buying could signal positive price movement in the near future, closely watched by both investors and analysts.

The Buzz Continues

The surge in whale activity has sparked discussions among market analysts and investors about Dogecoin’s future. The meme coin sector, including Dogecoin, is drawing increased attention and experiencing notable price surges.

Movements by large holders often indicate confidence or strategic repositioning, which can significantly impact the market. The accumulation of DOGE by prominent holders suggests they expect future gains.

Dogecoin Price Analysis

In a recent tweet, well-known crypto analyst Mags predicted that Dogecoin is poised for a parabolic rise, potentially increasing by 700% this cycle and surpassing $1.

Mags, who accurately predicted Dogecoin’s previous bull cycle with a 170x increase, has been accumulating Dogecoin over the past few months, anticipating a 7x return if his prediction holds true.

Currently, Dogecoin is trading at $0.16, reflecting a slight increase of 0.72% in the last 24 hours. Over the past 30 days, Dogecoin has gained nearly 12%, indicating growing investor interest in the cryptocurrency.

Also Check Out: Pepe Triggers a Massive Rebound; Will FLOKI Follow a Bullish Trend & Soar by 20%?

Will Dogecoin be the next crypto to go to the moon? Whales and analysts seem to think so!

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Uniswap (UNI) Price Set for 30% Surge? Key Levels to Watch

UNI, Uniswap's native token, appears bullish and is poised for massive upside momentum after a…

April 2, 2025

M2 Money Supply vs. Global Liquidity: Don’t Get Mistaken!

The crypto market is always shifting based on global money trends, but a new debate…

April 1, 2025

XRP’s Worst-Case Scenario Could See a Drop to $0.30

XRP holders are finding themselves at a crossroads as recent market trends raise questions about…

April 1, 2025

Bitcoin’s Price Dropped by 5%—Experts are Seizing the Moment: RUVI AI’s Token Presale Launching in a few Hours

Bitcoin, the flagship cryptocurrency, has taken a hit with a 5% drop in its price.…

April 1, 2025

Will Dogecoin (DOGE) Crash or Skyrocket?: Data

Amid market uncertainty, Dogecoin (DOGE), a popular and the world’s largest crypto meme coin, appears…

April 1, 2025

Should Shiba Inu (SHIB) & Dogecoin (DOGE) Be Worried? Panshibi (SHIBI) Emerges As Best New Investment Pick This Easter!

According to historical footprints in the global crypto market, festive seasons are always important for…

April 1, 2025