Dogecoin Surges as Whales Buy 80M DOGE in 24 Hours
Key Takeaways
- Dogecoin whales have accumulated over 80 million DOGE within 24 hours.
- The current price is USD 0.1638 – an increase of over 4%.
- Technical indicators and on-chain data point to a potential price rally above USD 0.20.
- Funding rates and network activity indicate healthy market conditions.
- A significant rise in the stock-to-flow ratio signals increasing scarcity.
Strong Dogecoin Purchases by Major Investors
In the past 24 hours, so-called “whales” – investors holding particularly large amounts – have purchased over 80 million Dogecoin (DOGE). This activity coincides with a general market upswing. The current price is USD 0.1638, representing a daily increase of around 4%.
These purchases may indicate that large investors are positioning themselves early for a potential breakout. The timing is especially notable: the buying occurred immediately after a recovery from a local low.
Technical Analysis: Resistance at USD 0.20
DOGE has recently moved upward from an important demand zone between USD 0.14109 and USD 0.15200. The price structure shows higher lows – a classic sign of an emerging uptrend.
The next resistance lies at USD 0.20139. If this level is broken, the next target could be around USD 0.24388 – a level last seen in mid-2024. For DOGE to continue this move, a stable price above USD 0.18 is crucial. Otherwise, a fallback into the previous zone is possible.
Funding Rates Indicate Healthy Market Behaviour
A look at the derivatives markets shows: current funding rates – fees paid by long or short positions – are at 0.009161% (e.g., on Binance). This slightly positive value suggests that long positions are dominant, but without excessive leverage.
That’s a good sign: the market remains stable without signs of speculative bubbles. Such conditions support a sustainable price increase.
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Network Activity on the Rise Again
DOGE is currently seeing 68,324 daily active addresses and 40,514 transactions per day. While these figures are below the peak levels of late 2024, they show a slow return of user activity.
Increased network activity is often a precursor to rising interest and fresh capital – two key factors for a potential price rally.
Stock-to-Flow Ratio Reaches Peak
Dogecoin’s stock-to-flow ratio (S2F) has risen to 128.94 – the highest value in months. This ratio measures the relationship between the available stock and the annual production flow. A high value indicates scarcity.
A rising S2F ratio can strengthen confidence in long-term value development. However, this indicator should always be considered in conjunction with other data.
Our Assessment
Dogecoin is currently showing several positive signals: major investors are buying heavily, technical support levels are holding, the market structure is stable, and network activity is increasing. Funding rates and the stock-to-flow ratio also point to a healthy development.
A breakout above the USD 0.20 mark seems possible – provided momentum is maintained. Short-term pullbacks cannot be ruled out, but in the medium term, DOGE could trend toward USD 0.24.
Anyone interested in Dogecoin should closely monitor price developments and on-chain data in the coming days. In particular, behaviour around the USD 0.18 to 0.20 range will be critical.
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