Whale Accumulation: Crypto whales scooped up 100 million DOGE in one week, signaling strong buy-the-dip sentiment as DOGE holds around $0.1792 with rising volume and a $26.7B market cap.
Bullish Targets & ETF Buzz: Analysts, including Ali Martinez, suggest a monthly close above $0.20 could spark a move toward DOGE’s all-time high of $0.74. Meanwhile, Bloomberg pegs DOGE ETF approval odds at 80%, with a decision due by Oct. 17.
Meme Coin Momentum: The broader meme coin market saw a $12B cap jump and major inflows for SHIB, PEPE, and Official Trump, hinting that meme coin season could be heating up again.
Dogecoin’s getting some serious love lately. With crypto bulls popping back up and Bitcoin leading the charge, meme coins—yep, including good ol’ DOGE—have started climbing out of the dip. And with some big players scooping up massive chunks of DOGE, people are starting to wonder… are we heading for a rally?
Whales Load Up as DOGE Targets Breakout Zone
Over the past week, crypto whales grabbed around 100 million DOGE—a pretty loud vote of confidence if you ask anyone. Meme coins have been posting double-digit gains, and with that kind of price action, it’s no surprise big investors are sniffing out entry points ahead of what might be another leg up.
Dogecoin’s been holding up better than most, too. Unlike other alts that saw outflows recently (yeah, looking at you SOL and XRP), DOGE has kept exchange exits to a minimum. That’s helped steady the ship and kept trader confidence on the rise—even as Bitcoin briefly tested the $95K mark.
Right now, DOGE is sitting around $0.1792, climbing 2.5% on the day and logging a solid week overall. Daily trading volume is up over 18%, pushing the total market cap to about $26.7 billion. Some traders are even pointing at a near-term target above $0.30, eyeing that magic breakout moment.
Ali Martinez, a well-known voice in the space, had this to say:
“If DOGE can lock in a monthly close above $0.20, we could see it shoot toward that all-time high of $0.74. That’d be a real momentum shift, especially with institutional money still coming in.”
Adding even more buzz, Bloomberg’s Eric Balchunas mentioned the odds of a spot DOGE ETF getting approved in the U.S. are sitting at 80%—with the final SEC call expected by October 17. That alone stirred up a bit of a frenzy across the Dogecoin community.
Meme Coin Season… Again?
Let’s be real—Q4 2024 was a bit of a letdown for meme coins. Macro pressures didn’t help, and most of them flatlined while bigger names held on. But now? It’s a different vibe. Last month’s DOGE surge kicked off a ripple effect across the whole meme sector.
Daily meme coin market cap grew by $12 billion in a single day, and trading volumes soared. Heavy hitters like Shiba Inu, PEPE, and even Official Trump saw solid inflows, each jumping over 7% last week alone.
