DOGE Whales Hoard 112% More Tokens – Could a Big 5% Spike Be Only the Beginning?

Updated

July 7, 2025

Gambar DOGE Whales Hoard 112% More Tokens – Could a Big 5% Spike Be Only the Beginning?

Jakarta, Pintu News – The top meme coin, Dogecoin , experienced a significant spike in interest from large holders over the past week, despite relatively calm price movements.

DOGE is trading in a narrow range, with little momentum to break out in any direction. With increased accumulation by whales, this altcoin may be gearing up for an upside breakout in the near future.

Dogecoin Price Rises 5.25% in 24 Hours

dogecoin price today — Source: Pintu Market

On July 7, 2025, Dogecoin saw a 5.25% gain over a 24-hour period, climbing to $0.1728, or approximately IDR 2,806. During the day, DOGE traded as low as IDR 2,656 and reached a high of IDR 2,841.

At the time of writing, Dogecoin’s market cap stands at around $25.97 billion, with trading volume rising 173% to $1.17 billion within 24 hours.

DOGE Experiences 112% Spike in Whale Accumulation Despite Stagnant Price

According to data from IntoTheBlock, DOGE recorded a 112% increase in large holder netflow over the past seven days.

Large holders refer to whale addresses that control more than 0.1% of the total circulating supply of an asset. Their netflow tracks the difference between the amount of coins bought and sold in a given period.

When large holder netflow increases, it means that more coins are flowing into the wallets of large investors than are leaving. This trend shows that large holders are accumulating DOGE amidst sluggish price performance, indicating confidence in the future value of DOGE.

In addition, although DOGE prices remained muted despite the general improvement in market sentiment, futures traders continued to show confidence. This is reflected in the consistent demand for long positions.

Based on data from Coinglass, the DOGE funding rate currently stands at 0.0026%.

The funding rate is a periodic payment between traders in a perpetual futures contract to keep the contract price in line with the spot market price.

When the funding rate is positive, it signals a higher demand for long positions, meaning more traders are betting the price of DOGE will rise.

Whale Accumulation Hints at a Rise to $0.175

If this whale accumulation trend continues and positive sentiment continues to grow, DOGE has the potential to breakout towards the $0.175 level. This would mark a significant reversal from the recent consolidation phase.

If DOGE manages to break the key price limit, the opportunity to rally towards $0.206 is wide open.

However, if the buying pressure weakens drastically, the price of this altcoin could drop back down to test the support level at $0.148.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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