DOGE Whales Accumulate $220M — Possible Rally Ahead

Dogecoin (DOGE) whales are on the move, sparking speculation about a potential rally to fresh highs.

Whale Accumulation Hits $1 Billion DOGE in 24 Hours

Market analyst Ali Charts, citing Santiment data, revealed that on August 6, large holders scooped up 1 billion DOGE, worth approximately $220 million, in a single day.

Such concentrated buying is widely seen as a bullish signal, often indicating whales’ confidence in a long-term price move. This level of accumulation reduces circulating supply and can create upward price pressure as demand outpaces availability.

Bulls Already Responding

Dogecoin Flashes Major Bullish Signal: Is a Parabolic DOGE Rally Incoming?

The memecoin has already started an upward rally, potentially fueled by whale positioning and broader market sentiment.

DOGE’s momentum may also be getting a policy boost: reports suggest President Donald Trump is preparing to sign an executive order related to 401(k) investment options, which could indirectly benefit digital assets like DOGE.

7-Day Performance

DOGE Price: $0.24

7-Day Gains: +22.4%

Ranking in Gainers: #2 behind Ethereum (+20.63%)

Outlook

With whales actively loading up and policy developments creating tailwinds, DOGE is entering a technically and sentiment-driven sweet spot. If accumulation continues at this pace, the memecoin could test new yearly highs in the near term.

Oleg Dimitrov publication: "Dogecoin Whales Scoop Up 1 Billion DOGE, Signaling Bullish Momentum for Memecoin Rally" was written for 24crypto.news