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Notably, the leading meme coin has faced significant volatility over the past month. DOGE saw a remarkable 400% rebound from October to November, climbing to $0.50 as investor confidence increased. However, a subsequent market correction in early December resulted in a steady decline, highlighting the asset’s sensitivity to broader market trends.
Despite these fluctuations, whale activity remained a critical factor influencing Dogecoin price movements, particularly this week’s surge. On Friday, January 3, popular crypto analyst Ali Martinez reported that whales accumulated more than 1.08 billion DOGE in 24 hours.
This follows the expert’s earlier observation of a significant buildup of these entities earlier in the week. After a sharp drop in prices in mid-December and subsequent stabilization towards the end of the month, the expert highlighted Tuesday that “Whales purchased over 300 million DOGE in the last 24 hours. This activity suggests that large-scale investors could be strategically positioning themselves for anticipated price movements in 2025.
That said, the outlook for Dogecoin in 2025 appears increasingly optimistic, driven by multiple factors. The growing adoption of DOGE for real-world transactions has solidified its usefulness, extending beyond its origins as a coin. Additionally, the cryptocurrency market is expected to benefit from regulatory clarity, broad institutional adoption, and improving macroeconomic conditions.
 Fueling the bullish outlook, speculation about Elon Musk’s continued support for Dogecoin remains a driving force behind the enthusiasm. Musk has previously discussed the possibility of allowing DOGE payments for Tesla products, which could significantly boost adoption of the token. Notably, Tesla updated its payment methods last May to include Dogecoin, marking a step toward the asset’s growing mainstream acceptance.
To add to this optimism, Musk’s social media platform, X, is expected to launch its payment system, X Money, in 2025. Earlier this week, Linda Yaccarino, CEO of confirmed this development, noting that the feature is expected to release this year, sparking speculation that X Money could potentially include DOGE.
Elsewhere, technical analysts shared bullish predictions regarding Dogecoin’s future performance. In a recent tweet, an analyst known as Trader Tardigrade highlighted a “double bottom” pattern on the DOGE daily chart, signaling a potential breakout. “Dogecoin has reached a local low and is expected to reach new highs soon,” noted the analyst.
Likewise, recently, Martinez expressed optimism, predicting that DOGE could surpass $12.00 by the end of 2025, a scenario reminiscent of its explosive 14,500% rally in 2021, when the token went from $0.005 to 0 $.73.
At press time, DOGE was trading at $0.34, reflecting a 2.36% increase over the past 24 hours.