Dogecoin Whales Accumulate Over 100 Million DOGE as Bulls Target $0.3 Price ⋆ ZyCrypto
By: bitcoin ethereum news|2025/05/02 23:45:01
0
Share
Dogecoin holders are ramping up more DOGE following multiple bulls raising short-term targets. Meme coins soared alongside Bitcoin (BTC) and altcoins last month, recovering from a stretched downtrend. Recent accumulations have heightened sentiments in these highly volatile assets ahead of upcoming U.S. macro events. Dogecoin Bulls Lock In Target Crypto whales have purchased 100 million DOGE tokens in the last seven days. This buying pressure comes as meme coins record double-digit gains in the same timeframe. As the wider market recovers, whales look for good entry positions ahead of an expected rally. Due to massive institutional inflows and slow retail outflows, Dogecoin’s metrics remain in the green zone . Unlike other assets, net exits from centralized exchanges have been curtailed, driving up trader confidence. After Bitcoin retested $95k, altcoins like Ether, Solana (SOL), and XRP saw mild outflows, triggering profit-taking fears. This grew in the past week, lowering the bullish impact. DOGE’s price stands at $0.1792, with a 2.5% growth over the past day and a stronger weekly average. Daily volume above 18% has spiked the market cap to $26.7 billion. Meanwhile, several traders have set a short-term target above $0.3 in their quest for a rally. Expert trader Ali Martinez wrote on Dogecoin’s drive towards an all-time high. According to him, an upsurge above $0.2 could trigger an all-time high if institutional demand remains high. “DOGE can secure a monthly close above $0.20, which could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest.” Meanwhile, the Dogecoin community witnessed a slight frenzy after Bloomberg’s analyst Eric Balchunas shared the latest odds for a possible spot ETF approval in the United States. According to the data, spot DOGE ETFs stand an 80% approval chance with a final SEC deadline on October 17. DOGE Momentum Fuels Meme Coin Swing This year, meme coins fell short of their Q4 2024 rally due to negative macro trends. Meme coins trade in line with Bitcoin sentiments and are often linked to low utility, unlike top crypto assets. The massive DOGE rally recorded last month led to a similar movement in other meme coins. First, the total market cap gained $12 billion daily, followed by huge daily trading volumes. Top assets like Shiba Inu (SHIB), PEPE, and Official Trump gained over 7% inflows last week. Source: https://zycrypto.com/dogecoin-whales-accumulate-over-100-million-doge-as-bulls-target-0-3-price/
You may also like
Bank of Korea defends bank-first stablecoin plan amid bill deadlock
JPMorgan says bitcoin's main risk isn't Strategy, but blockchain adoption that doesn't benefit public chains and tokens
Fear & Greed Index Today: What Extreme Fear Means for Crypto, Stocks and Gold
The Crypto Fear & Greed Index has fallen to Extreme Fear as Tesla, Intel and the Nasdaq declined. See what it means for traders and explore stocks, crude oil and gold in the WEEX TradFi Trading Challenge.
Labour MPs Push to Make UK Crypto Donation Ban Permanent
Supreme Court ruling expanding Trump's authority over federal agencies raises questions for SEC, CFTC as crypto rulemaking advances
'Bottom building in progress': Analysts say bitcoin holder capitulation signals late-stage bear market
A Comprehensive Analysis: Starting from 1996, Who is Laying the Foundation for the Next Generation of Capital Markets
Luke Dashjr, the Biggest Anti-Spammer of Bitcoin, Inscribed Phrases on the Network in 2011
Whales bought 270,000 BTC while ETFs bled $7 billion. One side is wrong
The crypto IPO class of 2025-26 is down as much as 89%. Autopsy of a listing boom
Robinhood Chain Mining Guide: A Comprehensive Tutorial from Cross-Chain to Memecoin
BitGo CEO says single-digit percentages of bitcoin's supply are 'probably right' for large holders amid Strategy's sale
Beyond Private Keys: How to Safeguard the Security Boundaries of Web3 from Wallets, L2 to Supply Chains?
Vanguard Enters the Market, Opening a New Crypto Gateway for 50 Million Traditional Investors
Why the OUSD Alliance of 150 Companies Still Cannot Shake USDT and USDC?
Citigroup Analysis: Is There Still 47% Upside for Nvidia? Can Rubin and CPO Deliver?
WEEX API Fast Connect: Turn Every Sign-In Into a Live Trader in Under 10 Seconds
WEEX API Fast Connect is a one-click OAuth authorization system that lets your users link their WEEX account without ever touching an API key. Frictionless onboarding, faster conversions, higher retention — built for WEEX Broker partners.
Bitcoin's dwindling exchange reserves don't pack the same bullish punch anymore
Bank of Korea defends bank-first stablecoin plan amid bill deadlock
JPMorgan says bitcoin's main risk isn't Strategy, but blockchain adoption that doesn't benefit public chains and tokens
Fear & Greed Index Today: What Extreme Fear Means for Crypto, Stocks and Gold
The Crypto Fear & Greed Index has fallen to Extreme Fear as Tesla, Intel and the Nasdaq declined. See what it means for traders and explore stocks, crude oil and gold in the WEEX TradFi Trading Challenge.
Labour MPs Push to Make UK Crypto Donation Ban Permanent
Supreme Court ruling expanding Trump's authority over federal agencies raises questions for SEC, CFTC as crypto rulemaking advances
'Bottom building in progress': Analysts say bitcoin holder capitulation signals late-stage bear market
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com




