Dogecoin Whales in Action: Massive Buying as Price Drops in August 2025!

Jakarta, Pintu News – A recent look at on-chain data shows that large holders of Dogecoin have significantly increased their holdings, signaling that large investors are capitalizing on the price drop to buy.

Increased Ownership by Dogecoin Whales

According to a recent analysis by Ali Martinez posted on X, there has been a significant increase in Dogecoin (DOGE) holdings by whales. On-chain analytics firm Santiment’s “Supply Distribution” indicator reveals that certain wallet groups, defined by the number of tokens they hold, have undergone changes.

The group that owns between 1 and 10 Dogecoin (DOGE) coins, for example, includes all holders who own 1 to 10 DOGE. In this context, the ones in the spotlight are the whales, who typically hold more than 1 billion Dogecoin (DOGE). At the current exchange rate, the lower limit of this group is almost $200 million. Due to their large holdings, these whales have the ability to influence the market, so their on-chain behavior is very important to observe.

Also Read: XRP 2026 Price Prediction: Potential to Touch $10, Solana the Main Challenger? Here’s the Analysis!

Recent Trends of Dogecoin Whales

The chart shared by Martinez shows that at the end of July, the distribution of supply by investors holding more than 1 billion Dogecoin (DOGE) saw a sharp decline, signaling that entities with large funds had exited the market. This was followed by an extension of the bearish price action for the asset.

However, the mood among whales seems to have changed in the last 24 hours, as the value of the indicator experienced a sharp spike. Martinez noted, “Whales bought over a billion Dogecoin (DOGE) in the last 24 hours!” Given the timing of these purchases, it’s likely that this large investor sees the current price as a favorable entry point into memecoin. However, it remains to be seen whether this bet will work in the whales’ favor.

Dogecoin Price Dynamics

After experiencing a decline of almost 8% over the last week, the Dogecoin (DOGE) price is now below the $0.20 mark. This decline reflects the generally bearish market sentiment, but heavy buying by whales could be an early indicator of a trend change. Investors and market analysts will continue to monitor Dogecoin (DOGE) price movements to see if this buying will trigger a price increase in the short or medium term.

Conclusion

This massive purchase by Dogecoin (DOGE) whales shows confidence in the long-term value of the memecoin, even though the general market is still unstable. The decisions of these large investors will largely determine the future direction of the Dogecoin (DOGE) price, and could signal other investors to follow their lead.

Also Read: Dogecoin Rises 3.5% Amid Death Cross Pattern, What Does It Mean for the Crypto Market? (7/8/25)

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Dogecoin Whales Buy the Dip, Accumulate 1 Billion DOGE. Accessed on August 7, 2025