Despite expecting a massive liquidation of DOGE prices in the near term, the dog whale sees the recession as a perfect opportunity. Seeing the decline as an opportunity for low-market entry, the whales are now buying Dogecoin in bulk, with the latest transaction recording 2 .700 million purchases.

Dog whales dig up 2. 700 million dogs

The recent drop in the price of Dogecoin has prompted large investors, often referred to as "whales", to accumulate more tokens. Famous cryptocurrency analyst Ali Martinez revealed in X (former Twitter) that On Tuesday, Dog Whale bought 2 [] 700 million DOGE tokens in the past five days;

This huge purchase of 2. [] 700 million DOGE is part of a wider accumulation trend in the meme coin network. Since November, Martinez has recorded the whales buying hundreds of millions of dogs during the downward trend;

source:X

On December 21, analysts revealed that Dog Whale bought 2 in 2004.20 [] The recent market decline, a bold move when investors see DOGE's decline as a favorable entry point, is often related to better-known participants who buy tokens at a lower price in the hope of long-term gains;

Recent dogs; the whale buying frenzy may indicate confidence in the future of coins. Martinez is also optimistic about the price outlook for the meme coin, highlighting that in the previous X post, DOGE could experience another parabolic rebound to the $20 ATH;

While bullish DOGE price remains firm, Dogwhale is using current market conditions and falling prices to increase its holdings and prepare for a potential rebound. Since the price of Dogecocoin is currently $0. [] 33, the recent acquisition of 2. [] 700 million DOGE is worth about $89 million;

Mode duplication could bring DOGE prices up to $5

Cryptocurrency analyst Trader Tardigrade presented a chart of the recurring historical trend patterns in canecoin price movements. Analysts believe that this duplication of the historical trend could trigger a parabolic rebound in Dogecoin;

The red curve in the chart highlights the circular consolidation phase of DOGE in different cycles, while the green rising line highlights a steady bullish trend. Each consolidation period in the chart has led to a sharp rebound, with the price of Dogecoin exploding at the end of the trend;

Based on recurring historical patterns, DOGE appears to be withdrawing from its most recent consolidation phase, suggesting that potential breakthroughs may be imminent. Trader Tardigrade predicted that the breakout could trigger a price rise as high as $5, marking a record high for DOGE.