Dogecoin (DOGE) has seen a significant increase in whale activity, with large - scale investors purchasing a substantial amount of the tokens in the past 24 hours. This surge in buying activity comes as the Dogecoin price is poised for a potential rebound, providing a discount for whales who may consider the meme coin currently undervalued.

Dogecoin whale activity has skyrocketed by 400%. In the past day, the whale trading volume involving Dogecoin has increased by a staggering 400%. This surge reported by Santiment indicates a significant increase in the number of large - value transactions exceeding $100,000 and affecting millions of Dogecoins compared to normal levels.

Notably, this sudden spike in Dogecoin whale activity is driven by large players who are accumulating Dogecoin at what they consider a discounted price. IntoTheBlock has also shared a similar report, highlighting the substantial growth in Dogecoin's large - value trading volume. According to the data from this analysis platform, Dogecoin's large - value trading volume rose to over $60.9 billion in the past 24 hours. This significant increase indicates growing interest and activity among high - net - worth institutional investors.

Crypto analyst Ali Martinez recently revealed in an X (formerly Twitter) post that whales purchased approximately 140 million DOGE tokens in a single day. The analyst shared a Santiment chart showing an increase in whale activity among those holding balances between 1,000,000 and 100,000,000. The trend in the chart indicates a sharp increase in Dogecoin whale holdings, especially in January, which is correlated with the rise in the meme coin's price.

Dogecoin is currently trading at $0.39, and many whales may view this price as a discounted opportunity to accumulate tokens before a major breakout. Typically, an increase in whale activity often precedes a price increase in cryptocurrencies, as these large investors are known to influence market trends due to their substantial holdings and influence.

In the past few weeks, Dogecoin whales have been on a buying spree, purchasing large amounts of Dogecoin at lower prices. In the past four days, whales have bought over 108 million Dogecoins, indicating growing confidence in the future potential of this meme coin. Additionally, as Dogecoin is currently showing new strength and signs of recovery, many analysts expect a price increase may be imminent.

Among the notable Dogecoin price predictions, a crypto analyst named “The Cryptomist” on X has predicted that the meme coin could reach a new high above $0.75. The crypto analyst emphasized that Dogecoin is steadily approaching the key resistance level of $0.41, and if this resistance is broken, it could trigger a significant upward momentum.

Market experts predict that Dogecoin may retest its trend near the $0.41 resistance line and set a new high. According to the analyst's price chart, a support area of $0.3 has been established to help stabilize the Dogecoin price during potential pullbacks.