Dogecoin Surges 9% Today as Whale Activity Drops Sharply

Jakarta, Pintu News – Dogecoin whale activity fell to its lowest level in 60 days even though the meme coin is testing the important 2024 support level and is trading below its 200-day EMA.

Dogecoin’s large holder activity was recorded at its lowest point in the past two months, according to data shared by crypto analyst Ali Martinez on Sunday.

The number of large Dogecoin transactions dropped to just four, from a previous peak of 38, Martinez said. This drop comes at a time when the token is showing signs of a short-term price increase, raising questions about the sustainability of the move.

So, how is the Dogecoin price moving today?

Dogecoin Price Rises 9.14% in 24 Hours

On December 3, 2025, Dogecoin saw a sharp 9.14% gain over the past 24 hours, trading at $0.1474 — approximately IDR 2,459. During this period, DOGE fluctuated between IDR 2,240 and its current peak.

As of writing, Dogecoin’s market capitalization is estimated at IDR 370.05 trillion, with a 24-hour trading volume of around IDR 24.65 trillion.

Read also: Ethereum Surges to $3,000 as Network Activity Rises with More New Addresses

Dogecoin Whale Positioning Support

The data shows that Dogecoin whales have reduced their transaction activity despite the price showing upward momentum, according to an analysis shared by Ali Martinez.

Currently, Dogecoin is trading near a support level that has been tested twice before throughout 2024, based on technical analysis. The crypto asset is also below its 200-day exponential moving average (EMA) – a technical indicator often monitored by market participants.

Read also: Bitcoin Climbs to $92,000 Today — Is a Downturn Still Looming?

The Relative Strength Index (RSI) indicator, which measures the strength of price momentum, has been showing negative signals since the price rally that occurred between June and September ended, according to technical data.

Dogecoin, originally created as a parody cryptocurrency in 2013, is still one of the most traded digital assets by market capitalization.

Throughout its trading history, Dogecoin has experienced high volatility, with price movements often influenced by social media activity and whale transactions.

The current decline in whale activity reflects a significant change from recent months, when the number of large transactions was almost ten times higher than the current figure, according to available data.

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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.

Reference:

• Crypto News. Dogecoin whale trades hit 60-day low despite price support test. Accessed on December 3, 2025