Dogecoin Whales Add 4.72B DOGE to Mega Wallets Amid Quiet Price Action
A Santiment chart shared by crypto analyst Ali Martinez shows that Dogecoin’s largest non-exchange holders — addresses holding between 100 million and 1 billion DOGE — boosted their combined balance by roughly 4.72 billion DOGE between Aug. 11 and Nov. 12, 2025. The graphic tracks DOGE’s spot price (black line, right axis in USD) alongside the shaded aggregate holdings (right axis in coins), highlighting a steady accumulation into early November even as price action remained subdued.
Large inflows to mega wallets can matter because they remove supply from circulation and signal confidence from big holders, potentially setting the stage for future upside if selling pressure eases. That said, on-chain accumulation is not a guaranteed price catalyst: timing, exchange flows, and broader market conditions will determine whether this whale buying translates into renewed momentum for DOGE. Traders should watch exchange balances and short-term liquidity for clearer signals.