As of July 30, 2025, large investors, known as "whales," purchased 130 million Dogecoin tokens ($DOGE ) in a single day, indicating a growing interest in this meme coin. According to market data, trading volume has reached significant levels, and the price of DOGE fluctuates around $0.26, showing resilience despite market volatility. Experts attribute this surge to corporate purchases, particularly by Bit Origin, which invested $40.5 million in creating a DOGE reserve. Rumors about a possible approval of an ETF for Dogecoin are also fueling enthusiasm.
Dogecoin, created as a joke in 2013, is increasingly attracting institutional players due to its accessibility and support from celebrities like Elon Musk. However, analysts warn that high purchase volumes may signal speculative risk, especially amid the instability of meme coins. If the trend continues, the price could rise to $0.30, but with a change in sentiment, a drop is possible.
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