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Zycrypto
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Over 1 Billion DOGE Scooped Up by Whales in 30 Days – Is a Pump Imminent?
- Dogecoin whales have accumulated over 1 billion DOGE in the last 30 days, sparking speculation about a potential price surge.
- This massive accumulation indicates renewed interest in the meme-based cryptocurrency, with a significant increase in whale activity.
- A single notable buying spree on April 15 saw over 800 million DOGE acquired in just 48 hours, signaling heightened activity.
- Institutional or high-net-worth investors are once again focusing on Dogecoin, as seen by the aggressive accumulation.
- On-chain activity for Dogecoin has surged, with a rise in active addresses, transaction volume, and overall whale activity.
- Dogecoin's futures open interest has increased by 63.9% in a week, reaching $1.62 billion, suggesting growing speculation for a price rally.
- Analyst Master Kenobi predicts DOGE reaching at least $1 by early June 2025, with stretch targets of $1.44 or $2.10, depending on market conditions.
- Analyst Javon Marks expects a minimum 215% price rally based on Dogecoin's historical bull cycles, particularly around U.S. presidential inaugurations.
- Short-term predictions suggest a bullish breakout for Dogecoin within the next seven days, targeting $0.42 to $0.43.
- At present, DOGE is trading at $0.16, with a slight drop of 1.18% in the past 24 hours.
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