DOGE dynasty: Whales scoop up $280 million in two-week buying spree

Amid bullish times for the majority of assets in the cryptocurrency sector, the popular doge meme crypto Dogecoin (DOGE) is recording gains on all of its charts and massive interest coming from the market’s largest investors, suggesting more price increases.

As it happens, Dogecoin whales have bagged 1.4 billion DOGE or around $280 million worth of the asset in the past two weeks alone, according to the most recent data observations shared by renowned crypto trading expert Ali Martinez in an X post on March 29.

Dogecoin whale purchases
Dogecoin whale purchases. Source: Ali Martinez

Indeed, the whale purchases of Elon Musk’s favorite doge meme crypto, specifically in the 10 million – 100 million range, have intensified in recent weeks, soaring from the mere 15.33 billion DOGE in mid-March to the current 16.73 billion DOGE, as the analyst’s chart demonstrates.

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Why is Dogecoin going up?

Meanwhile, Dogecoin is boasting a price gain of 5.14% on its daily chart, adding a whopping 32.20% to its value across the previous seven days, and accumulating an even more impressive advance of 114.88% in the last month, currently trading at $0.21411, according to the most recent information.

Dogecoin price 30-day chart
Dogecoin price 30-day chart. Source: Finbold

So, why is Dogecoin going up? Notably, the latest gains are happening against the backdrop of the increased whale accumulation but also Musk, the CEO of electric vehicle (EV) behemoth Tesla (NASDAQ: TSLA), announcing the company’s plans to enable DOGE payments for its products.

Dogecoin price prediction 2024

So, how high will Dogecoin go? If whale activity is anything to go by (and it is), this asset is looking at a bright future this year, with some experts setting their DOGE price prediction as high as $1 by mid-April, and artificial intelligence (AI) algorithms eyeing $0.41-$0.51 area as their Dogecoin price prediction 2025.

In conclusion, although things are looking great for the top doge meme coin now, it is important to remember that making any definitive Dogecoin prediction is challenging, as the situation in the crypto industry can change, so doing one’s own research and monitoring any Dogecoin news is critical when investing.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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