29-4-2025 – Dogecoin has witnessed an unprecedented surge in whale activity, with transactions exceeding $10 million experiencing a staggering 8,060% increase. This dramatic uptick suggests heavy accumulation by major players operating discreetly in the background.
The popular cryptocurrency, which recently broke free from its downward trajectory, has settled into a period of concentrated trading between $0.175 and $0.185. Market analysts interpret this consolidation not as weakness, but rather as a strategic pause before potential significant movement.
Institutional engagement has reached fever pitch, with transactions ranging from $1 million to $10 million climbing by 540%. The surge in whale activity arrives amidst a curious contrast – whilst retail trading volume has contracted by 43%, daily active addresses have expanded by approximately 35%, painting a picture of shifting market dynamics.
Top traders appear overwhelmingly optimistic, with Coinglass data revealing that 68% of leading positions on Binance’s DOGEUSDT market are bullish, resulting in a long-to-short ratio of 2.15. This positive sentiment persists despite the current tight trading range.
The meme-inspired digital currency stands at a critical juncture, with the $0.185 mark emerging as a crucial resistance level. A decisive break above could catalyse a swift 10% appreciation towards $0.205. However, market observers note that failure to breach this threshold might trigger a 7.5% decline to $0.162.
The exponential increase in large transaction volumes, showing a 41% rise within 24 hours, has caught the attention of market veterans. This substantial uptick in high-value movements suggests sophisticated investors might be positioning themselves ahead of anticipated market developments.
