Dogecoin Whales Scoop Up 480M DOGE in 48 Hours, Price Takes Surprising Turn
On-chain trackers recorded about 480 million DOGE moving into large holders' addresses over a recent 48-hour window, a flurry of accumulation that came as the wider crypto market wobbled under fear and uncertainty. The influx into whale wallets coincided with a surprising uptick in DOGE’s price, suggesting concentrated buying helped stabilize the token briefly despite volatile conditions.
The move matters because heavy accumulation by a few large holders can tighten available supply and magnify future swings — a bullish signal for some traders but a concentration risk for others. Short-term traders should monitor exchange balances and further whale flows for signs of profit-taking, while longer-term holders may view continued accumulation as confirmation of renewed demand. Overall, the episode underscores how on-chain activity can quickly reshape price dynamics in an already uncertain market.