Whales Are Back — Is Dogecoin Set for Liftoff?
DOGE eyes breakout as whales accumulate and network activity surges
Silent Accumulation, Loud Implications
Dogecoin (DOGE) is back in the spotlight as whale wallets quietly stockpiled over 1.4 billion DOGE between April 13 and May 13 — a stash worth more than $300 million. According to Santiment, large holders grew their total from 24.5B to 26.0B DOGE, peaking at 26.5B mid-May.
This steady buying coincides with a price climb, suggesting whales are accumulating during strength — often a bullish sign.
Network Activity Surges
Whale behavior isn't the only bullish indicator:
Daily active addresses soared to 680,000 on May 12–13 from five-figure levels in April.
Large transactions (> $1M) have notably increased, signaling institutional or whale activity.
Transaction volume hit $1.21 billion, showing revived capital flow.
These trends suggest rising engagement and possible preparation for a major move.
DOGE at a Technical Tipping Point
Current Price: $0.2277
DOGE is facing a critical resistance zone between $0.24 and $0.26, a region that previously acted as support in December 2024 but flipped to resistance after February’s breakdown.
Ali Martinez notes multiple price rejections at this zone, but also states:
“A daily close above $0.2600 could open the door to $0.3000 and possibly spark a new bull run.”
If DOGE fails to break this barrier, the price may retrace toward $0.17 — the April base.
TL;DR:
Whales added $300M+ DOGE in the past month
Network activity spiking
Key resistance: $0.24–$0.26
Breakout above $0.26 could launch DOGE toward $0.30+
DOGE is coiled tight. Whales are positioned. All eyes are now on the $0.26 breakout — or rejection.
