Whales Accumulate Over 1 Billion DOGE as Dogecoin’s 3M Chart Flashes Green

Dogecoin Whales Accumulate Billions, Signaling Renewed Optimism

Dogecoin whales have amassed over 1 billion DOGE tokens, increasing their collective holdings to 46.36 billion. This accumulation, coupled with a bullish Supertrend signal and historical precedents, has sparked growing belief in Dogecoin's price potential in 2025.

Dogecoin's Resurgence

Since its launch on December 6, 2013, Dogecoin has regained prominence as whales accumulate over 1 billion DOGE. This sustained upward accumulation aligns with a notable technical shift.

Supertrend Indicator Flips Green

The Supertrend indicator on Dogecoin's three-month chart has turned green, indicating a renewed upward trajectory for the meme coin endorsed by Elon Musk.

Whale Accumulation

According to market analyst Ali Martinez, whales holding between 10 million and 1 billion DOGE acquired approximately 1.08 billion tokens on January 2, 2025. Notably, this accumulation follows a period of dormancy, with their first purchase since December 8, 2024.

Whales now collectively hold 46.36 billion DOGE, representing 31% of the total supply. This accumulation follows a distribution period in early December 2024, when whales sold off holdings as Dogecoin encountered resistance at $0.4844.

Bullish Momentum

The recent surge in Dogecoin accumulation by major investors suggests a strategic maneuver, capitalizing on the cryptocurrency's early-year resurgence. DOGE has gained 7.44% in 2025, hinting at a shift in market sentiment towards bullishness.

Supertrend History Signals Potential Rally

The Supertrend crossover on Dogecoin's three-month chart is a significant technical shift. The last bullish flip occurred in April 2017, followed by a 5,587% price surge by January 2018.

Current Market Outlook

At the time of writing, Dogecoin is trading at $0.3395, up 0.74% over the past 24 hours and 4.84% in the past week. Despite a 19.09% decline in the past month, its market cap remains at $50.06 billion.

The post concludes that the whale accumulation, Supertrend indicator, and historical precedents contribute to the growing belief in Dogecoin's price potential in 2025.