Massive Amount of Dogecoin (DOGE) Purchased by Whales: Over 310 Million Coins Acquired in Two Days

Massive Amount of Dogecoin (DOGE) Purchased by Whales: Over 310 Million Coins Acquired in Two Days

In an exciting development for the cryptocurrency market, Dogecoin (DOGE) is experiencing generally optimistic forecasts and positive momentum. This shift is largely due to Bit Origin's acquisition of 40.5 million DOGE and recent whale accumulation.

Short to Medium Term (2025)

Analysts are bullish on Dogecoin's prospects for the short to medium term. Changelly expects DOGE to reach around $0.33 by the end of 2025, while CoinDCX projects even more bullish momentum, estimating prices could climb to around $0.55 by mid-2025, with the possibility of surpassing $1 by year-end. Benzinga’s outlook ranges broadly with an average forecast near $0.42 and a bullish case reaching up to $1.50. Flitpay offers a bullish maximum forecast close to $1.58 by 2025, though it also notes a bearish floor near $0.14. Bitpanda highlights a positive scenario where DOGE could rise to around $0.30, particularly if integration as a payment method expands or new technological improvements emerge.

Market Trends and Catalysts

Bit Origin’s acquisition is likely a strategic move enhancing Dogecoin’s infrastructure, ecosystem, or market positioning, which combined with recent whale accumulation—a common bullish indicator—suggests growing institutional or major investor confidence. Whale accumulation typically reduces circulating supply temporarily and indicates expectations of future price appreciation, often attracting more retail investors.

Long-Term Outlook (2030 and beyond)

Projections remain optimistic but varied. Coinpedia forecasts DOGE prices could range up to $3 by 2030, with CoinMarketCap being somewhat more conservative at around $1.30–$1.57. Flitpay extends bullish targets significantly higher, with possibilities over $5 by 2030, supported by broader adoption and ecosystem growth. Benzinga’s long-term bullish case estimates around $1.50 by 2030, reflecting variable adoption scenarios.

Current Market Indicators

Dogecoin price broke through a 146-day ascending channel and managed to retest critical resistance levels. DOGE also formed a double bottom pattern on multi-month charts and recently broke the neckline of this pattern near the $0.27 level. If the current trend follows previous trends, a potential 610% rally from current levels could place the price of Dogecoin between $0.60 and $0.70.

On-chain data shows large holders accumulated over 310 million DOGE within the past few days. Dogecoin shows support forming near $0.23 as buyers attempt to start a recovery from the recent pullback. Trading data from HyperLiquid shows a major trader deposited $3.92 million USDC and opened a long position on Dogecoin with 10x leverage.

In summary, the market sentiment and forecasts for Dogecoin are predominantly bullish, with price targets in 2025 realistically between $0.30 and $1.50 depending on adoption and macro factors. The whale activity signals growing confidence, which could fuel short-to-medium-term gains amid evolving utility and visibility in the crypto market. However, given typical crypto volatility, bearish scenarios with lower lows near $0.14–$0.15 remain possible if market sentiment or regulatory pressures shift.

[1] Coinpedia: https://coinpedia.org/price-prediction/dogecoin-price-prediction/ [2] Benzinga: https://www.benzinga.com/news/2023/03/23/23250112/dogecoin-price-prediction-doge-price-forecast-for-2025 [3] Flitpay: https://flitpay.com/blog/dogecoin-price-prediction-2025/ [4] Bitpanda: https://blog.bitpanda.com/dogecoin-price-prediction-2025/

Investors looking to the short to medium term (2025) might find attractive opportunities in Dogecoin (DOGE), as analysts predict prices to rise. Changelly expects DOGE to reach around $0.33 by the end of 2025, and CoinDCX projects prices could climb to around $0.55 by mid-2025, with the possibility of surpassing $1 by year-end.

During this period, those considering cryptocurrency investing should keep an eye on Dogecoin, as its market trends and catalysts push for growing institutional or major investor confidence, due to strategic moves like Bit Origin’s acquisition and whale accumulation. These factors, combined, suggest optimistic long-term outlooks (2030 and beyond), with Coinpedia forecasting prices could range up to $3 by 2030.

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