- Dogecoin whales just bought 800 million DOGE—worth around $130M—hinting at a possible big move coming.
- Rumors are flying about a Dogecoin ETF, with a 62% chance of approval by year’s end, fueling more optimism.
- Analysts say DOGE could 3x in the coming weeks, possibly shooting past the $0.50 mark again.
Dogecoin whales—yeah, the big players who hold massive bags—have always been a major force behind DOGE’s wild swings. Remember right after the U.S. elections? These guys jumped in hard, pushing the meme coin from around $0.15 to nearly $0.50 in just a few months. Crazy, right?
But things got rocky not long after. Some of these whales started offloading big chunks of their holdings, and not surprisingly, DOGE took a hit—crashing all the way down to $0.13 earlier this week. The rollercoaster vibes never really end in crypto.
Now? They’re back at it again. Over the past 48 hours, whales have scooped up a jaw-dropping 800 million DOGE. That’s about $130 million at current prices (yep, DOGE is sitting around $0.16 right now). So what gives?
ETF Hype Heating Up
On X (formerly Twitter), folks are already speculating: Could this be whales gearing up for a potential Dogecoin ETF? The rumors aren’t baseless either. Several companies have reportedly filed to launch DOGE-based exchange-traded funds in the U.S., and sentiment around it is starting to shift.
According to prediction market Polymarket, there’s currently a 62% chance that a Dogecoin ETF gets approved by the end of the year. Though… if you’re eyeing a summer launch, the odds drop to just 22% by July 31.
Still, the energy’s building—and it’s catching attention.
Analysts Calling a 3x Move?
Some crypto analysts are staying super bullish on Dogecoin. A few have even thrown out predictions of a 2x or 3x rally in the coming weeks, saying DOGE could revisit—and possibly break—its previous high around $0.50.
Meanwhile, a Dogecoin dev has been warning folks about scammers impersonating the project and pushing shady DOGE spin-offs. Same story, different day—if it sounds too good to be true, it probably is.
