Dog whales purchased more than 1 billion dog coin tokens, consistent with the bullish reversal of the Supertrend indicator on the 3-month chart.

The recent wild accumulation has occurred amid widespread uncertainty in the broader cryptocurrency market. Despite the previous optimism about the cryptocurrency market that Dogecoin (DOGE) surged 252% in 2024, the market was volatile in the last days of December 2024.

Dog money whale recovery accumulation

However, it looks like the bulls may be regained control of the market. Dogecoin is up 7.44% this year in 2025 this year. Now, in an interesting disclosure, the dog whale seems to be bouncing back.

According to a report by market veteran Ali Martinez, doggie whales with 10 million to 1 billion tokens totaled about 10. [] 800 million DOGE24 hours through January 2.

The latest gimmick brings the whales to 463. 600 million tokens, 31% of the canecoin supply.

The Santiment data confirmed that the whales allocated some of their shares in early December 2024, as Dogecoin faced resistance at the $0. [] $4,844 mark, which was subsequently revised. These dog whales have more than 50 billion tokens at that time, and began selling wildly until December 27,2024.

The market observed inactive as they them until the New Year, when they undertake the latest accumulation. This was their first purchase activity since December 8; suggesting renewed optimism among these prominent investors.

Martinez had earlier highlighted that the whales had previously purchased 300 million DOGE animals. At the same time, The Crypto Basic has drawn attention to the on-chain movement of several whale entities, most recently involving the transfer of 81.6 billion DOGE.

Dogecoin super trend flip green

Interestingly, the recent accumulation of dog whales has coincided with the bullish technology developments around dogecoin. Market analyst Crypto Surf recently revealed that the Supertrend indicator on Dogecoin's three-month chart has turned green.

For beginners, the Supertrend metric helps to identify trends using price and volatility by drawing the average true range (ATR) lines of crypto assets. It is worth noting that a price above the line indicates an upward trend, while a price below the line indicates a downward trend.

Dogecoin 3M Supertrend | encryption surfing

In terms of context, the Supertrend has been bearish since January 2022. Although Dogecoin rose 87% in March 2024 and then 161% in 2024, the index is still bearish.

It didn't turn bullish until early January 2025, indicating that Dogecoin is now sliding into the bullish phase. The last time the indicator turned green on the 3M chart was in April 2017. This event led to a 5587% increase in January 2018 to $0. 877 in 01 and another 3837% in May 2021 to $0.7390 in May 2021.

If its signal proves true again, Dogecoin could explode again. Market experts predict price targets such as $4 DOGE after the breakout.