DOGE Whales Amass 2B Tokens — 18% of Supply — Preparing for Next Rally

Whales have accumulated approximately 2 billion DOGE in just one week, boosting their collective holdings to 27.6 billion tokens — nearly 18% of Dogecoin’s total supply — as technical indicators hint at a possible rally setup.

Dogecoin whales have been making moves, scooping up roughly 2 billion DOGE in the past week and bringing their holdings to 27.6 billion tokens, which accounts for nearly 18% of the entire supply. This strong accumulation comes even amid market volatility and has sparked speculation about the meme coin’s next leg up.

Despite a wave of liquidations erupting across crypto markets following hotter-than-expected U.S. inflation data, Dogecoin has held firm near $0.23, showing resilience amid trailing price weakness.

Blockchain analysts, including Trader Tardigrade, observe a breakout from a descending resistance trend that completes the fifth wave of an Elliott Wave pattern—an often bullish formation. Simultaneously, the Stochastic RSI has rebounded from oversold levels, mirroring setups that led to multi-week rallies in prior cycles.

Over the past 24 hours, DOGE is down about 4%, but holds a 2% gain for the week, with daily trading volume sitting at a robust $6.2 billion. MetaTron, a blockchain tracker, also reports that $500 million worth of DOGE has changed hands in one week. One large movement—900 million DOGE (~$208 million)—was an internal transfer to Binance, yet underscores the scale of activity.

Transactions exceeding $1 million spiked to a one-month high as DOGE neared $0.25, interpreted as whales positioning themselves for volatility and potential breakout.

Analysts suggest markets are in consolidation mode—but with whales accumulating, favorable technical setups, and high-value transfers, Dogecoin appears poised for a powerful move upward. “Whales are writing the script,” they say.

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