Dogecoin Whales Are Buying So Much, It’s Like They’re Shopping for a Living 😂💰

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Hey everyone, guess what? Dogecoin whales are hoarding more DOGE than a squirrel in a nut factory! 🐿️💸 According to Santiment, which is like the crypto version of a spy agency, big wallets (100M-1B DOGE) are buying like they’re at a Black Friday sale. 🛍️

This coincided with Dogecoin’s price going from $0.26 to $0.28. That’s like a 7.7% increase in three days. If only my savings account did that. 😒

Whales Add About 1 Billion DOGE To Holdings

Whales added 910 million DOGE in four days. That’s $250 million. I’m not sure if they’re buying a yacht or just trying to outdo the previous week’s “I bought 100 million” challenge. 🏴‍☠️

This reduces liquidity, which is like taking a snack from a toddler. Retail traders see this and think, “Hey, maybe I should buy too!” 🤷‍♀️

Whales purchasing hundreds of millions of tokens not only reduce available supply but also tend to encourage retail traders to follow suit. The scale of this accumulation appears to have had a direct impact on Dogecoin’s price action. Between September 15 and 18, Dogecoin rose from $0.26 to above $0.28, a rally of nearly 8% within three days. 🚀

This rally was all on the action of whales alone, as Santiment data shows a corresponding holding decrease in the cohort of addresses holding between 10 million DOGE and 100 million DOGE tokens. 🤯

Dogecoin Technical Analysis

As it stands, Dogecoin’s ability to extend its rally will depend on how it holds above the $0.28 price level in the coming days. However, a bullish technical analysis that aligns with this whale accumulation trend suggests that Dogecoin is now on track to new all-time highs. 🎉

Crypto analyst Trader Tardigrade confirmed that Dogecoin’s weekly chart has broken out of a long-standing symmetrical triangle pattern. According to him, last week’s candle close validates the breakout and establishes a 1:29 risk-to-reward trading opportunity. 📈

The symmetrical triangle setup points to a strong trend continuation after a series of higher lows and lower highs since September 2025 that has now resolved upward. Interestingly, Trader Tardigrade predicted a rally that would see Dogecoin break above its current all-time high. Particularly, the analyst predicted that Dogecoin could rally as high as $1.7 if the breakout follows through. 🤯

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2025-09-20 05:14