Key Highlights: Large-scale investors—known as whales—have bought over 1 billion DOGE $(~$200 million) in just 24 hours, marking one of the most significant single-day accumulation moves in recent memory .
This surge drove whale-held DOGE from 71.6B to 72.7B, shrinking the supply available for trading and pushing the price back above $0.20 . It also triggered a $3 million short squeeze, as short positions were liquidated near a key resistance cluster around $0.208 .
The accumulation unfolded against a backdrop of price pressure—DOGE had dipped to roughly $0.19—suggesting that whales saw the dip as a buying opportunity rather than a warning .
Some analysts link this buying frenzy to growing optimism around the potential approval of a Dogecoin spot ETF in the U.S., with institutional speculation gaining momentum .
** Quick Visual Summary**
Activity Details
Whale Accumulation +1B DOGE (~$200M) in 24 hours
Whale Holdings Increase From 71.6B to 72.7B DOGE
Short Squeeze Impact $3M worth of shorts liquidated near $0.208 resistance zone
Market Implication Reduced liquidity, repositioning ahead of potential ETF
** Final Thoughts**
Whale accumulation of this magnitude is rare and often precedes significant price action. By consolidating nearly 50% of DOGE's circulating supply, whales are setting the stage for heightened volatility—potentially a breakout or a sharp reversal.
With an approval-minded sentiment around a DOGE ETF and concentrated holdings, traders should closely watch how retail investors respond next. Could this be the seed of a rally—or simply the calm before the storm?
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