Dogecoin

Accumulate

Green

Billion

<ul>
 <li>Dogecoin whales have accumulated over 1B DOGE tokens, bringing their collective holdings to 46.36 billion and signaling renewed optimism.</li>
 <li>Whale accumulation, a bullish Supertrend signal, and a historical precedent of strong rallies following similar technical shifts are all contributing to a growing belief in Dogecoin’s price potential in 2025.</li>
</ul>
Dogecoin, launched on December 6, 2013, has taken center stage again as whales accumulate over 1 billion DOGE as the cryptocurrency awaits a bullish stretch this year. This sustained upward accumulation falls in line with a significant technical shift.
The Supertrend indicator on Dogecoin’s three-month chart has flipped green, indicating a renewed upward trajectory for the Elon Musk-endorsed meme coin.
<h3 id="strong-big-players-accumulate-dogecoin-strong">Big Players Accumulate Dogecoin</h3>
According to data from a renowned market Pundit, Ali Martinez, whales holding between 10 million and 1 billion DOGE amassed approximately 1.08 billion tokens on January 2, 2025. Notably, this impressive accumulation of DOGE tokens comes after a prolonged period of dormancy, flagging their first purchase after December 8, 2024
Current <a href="https://x.com/ali_charts/status/1874950800075599892" target="_blank" rel="noopener noreferrer nofollow">data</a> has revealed that whales collectively hold a significant 46.36 billion DOGE. This amount substantially represents 31% of the total DOGE supply which stands at over 147.45 billion. This accumulation follows a period of distribution in early December 2024, when whales sold off holdings as Dogecoin encountered resistance at $0.4844.
<blockquote class="twitter-tweet">
 Whales bought over 1.08 billion <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> in the last 24 hours! <a href="https://t.co/Ow2j6I1MDV" rel="noopener noreferrer nofollow">pic.twitter.com/Ow2j6I1MDV</a>
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1874950800075599892?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 2, 2025</a>
</blockquote>

The recent surge in Dogecoin accumulation by prominent investors signals a strategic maneuver, likely capitalizing on the cryptocurrency’s early-year resurgence. Notably, DOGE has demonstrated a 7.44% gain in 2025, suggesting a potential shift in market sentiment towards bullish momentum following a period of volatility in late 2024.
<h3 id="strong-bullish-doge-signals-on-the-3m-chart-strong">Bullish DOGE Signals on the 3M Chart</h3>
Adding to the growing enthusiasm, the Supertrend indicator on Dogecoin’s three-month chart has turned green for the first time since January 2022. It is worth mentioning that the Supertrend is a widely used technical tool that tracks price trends and volatility. Prices above the Supertrend line signal an uptrend, while those below indicate a downtrend.
<img loading="lazy" src="https://www.ethnews.com/wp-content/uploads/2025/01/GgSqxlVWcAAXZaC-300x151.jpeg" alt="" width="679" height="342">
While Dogecoin experienced substantial price increases in 2024, notably an 87% surge in March and a 161% jump in November, the Supertrend indicator consistently maintained a bearish stance throughout the year.
However, the recent bullish crossover of the Supertrend suggests a potential shift in the market trend, fueling optimism for a strong rally, reminiscent of previous bullish cycles.
Historical data suggests this technical shift could be important. The last <a href="https://www.ethnews.com/will-dogecoins-dominance-end-analyst-share-this-0-0007-hidden-gem-with-over-10000-potential-that-could-dethrone-old-giants/" target="_blank" rel="noopener noreferrer nofollow">bullish flip</a> on Dogecoin’s three-month Supertrend chart occurred in April 2017. This followed a remarkable price surge.
By January 2018, the <a href="https://www.ethnews.com/dogecoin-or-shiba-inu-analysts-reveal-why-this-question-no-longer-matters-as-a-0-10-meme-coin-gains-traction/" target="_blank" rel="noopener noreferrer nofollow">digital asset</a> had surged 5,587%. This momentum continued, leading to a further 3,837% rally, peaking at $0.7390 in May 2021.
At the time of writing, Dogecoin’s DOGE has commenced 2025 with strong momentum. Notably, DOGE is swapping hands with $0.3395 after a 0.74% surge in the past 24 hours. On the same, the digital asset has surged 4.84% in the past week.
Additionally, the digital asset which at the moment holds a market cap of $50.06B after a 0.73% surge, the digital asset has recorded a decline of 19.09% in the past month.
It is also worth mentioning that&nbsp; DOGE’s 24 hour trading volume has seen a 5.81% decline stopping at $2.46B.
&nbsp;
The post <a href="https://www.ethnews.com/whales-accumulate-over-1-billion-doge-as-dogecoins-3m-chart-flashes-green/" rel="noopener noreferrer nofollow">Whales Accumulate Over 1 Billion DOGE as Dogecoin’s 3M Chart Flashes Green</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Whales Accumulate Over 1 Billion DOGE as Dogecoin’s 3M Chart Flashes Green

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