Over 1 Billion DOGE Scooped Up by Whales in 30 Days – Is a Pump Imminent?Despite the ongoing price lull, Dogecoin whales have accumulated over 1 billion DOGE in the last 30 or so days sparking widespread speculation about a potential price surge.
According to popular crypto analyst Ali Martinez, the massive accumulation is a clear sign of renewed interest in the meme-based cryptocurrency.“Whales have bought over 1 billion DOGE in the past month!” Martinez tweeted last Friday.
Notably, the single biggest buying spree occurred on April 15, when over 800 million DOGE was acquired within just 48 hours, marking a peak in whale activity for the 30-day period.
In the short term, Bitcoinsensus analysts suggest that a bullish breakout is imminent, possibly within the next seven days. They highlight a trendline retest and double bottom pattern, with a near-term target of $0.42 to $0.43
At press time, DOGE was trading at $0.16, reflecting a 1.18% drop in the past 24 hours.