In recent weeks, the sizzling whale has taken care of DOGECOIN ($ DOGE) You have cooled considerably, and now even the opulent operators of this cryptocurrency inspired by the meme seem to move towards a truly durable change.
Don’t get me wrong; Whale transactions formerly at Hautocytane for Dogecoin have been refined spectacularly, leading us to Dogecon to #Dogearmy HQ to be more worried than usual. And intelligent cryptography experts have their backs. They think that all this happens because Dogecoin now has a real use case, and even its most dedicated great time are starting to treat it as the type of asset that you would hold instead of vigorously exchange it in the excitement bubble.
🐶 The Dogecoin whale transactions have resulted in haste, with less than a third of the amount of transfers of $ 100,000 + which take place each week compared to the rise of the Trump pump of the same Trump in early November. Look for another whale point like a signal that they probably accumulate again. 👀 pic.twitter.com/bqn4lbaxxd
– Santiment (@santimentfeed) February 7, 2025
What should be noted is that, even if high -value transactions have slowed down, the whales have quietly accumulated even more than $ Doge. Just in the past 24 hours only, they have added an additional 100 million dogen to their transport, a decision that draws increased attention to the cryptographic community. This increase in accumulation suggests that the big holders of the meter piece could position themselves for a kind of price rally in the future. Or, to say things in another way, it seems that they are more confident than not that the current price of Dogecoin is a good deal.
Whale behavior shifts: what it means for Dogecoin
For retail merchants and memes enthusiasts, Dogecoin has long been a favorite. But for a large part of the past year, its price movements have been more and more determined by the “whales” – the medal holders who can significantly increase its price up or down simply by buying Or by selling large quantities. On several occasions, when Dogecoin has strongly rallied or sold, whale activity was the most obvious catalyst. However, a recent (or inaction) action of these great holders suggests that they do not plan to use their dogens to move the market to soon.
When we look at the current amount of activity of whales on the market and compared it at the time just before the “Trump pump” in early November, we can see that the number of transactions greater than $ 100,000 has dropped considerably. We must note that the time that was put in the Trump pump was not a time when we saw a lot of large transactions in progress. Instead, we were in an area of ”low demand, low offer and low prices” on the market. It is important to note that during this period preceding the pump, we were not in a magical period of pump and discharge when the whales were only tapping the market and making profits because they always bought while They should have sold.
It is interesting to note that although large transactions occur less frequently these days, the accumulation of dogecoin by the whales has not slowed down at all. In fact, they seem to collect their cryptocurrency gathering, reaching the high note of 100 million Dogecoins raised in just 24 hours. This signals the silent confidence of the Dogecoin whale class as a future price engine. This accumulation, however, may not arouse the price pot soon, because the feeling of the market is relatively “Meh” at the moment and cannot improve a lot until the wider cryptography market returns to The top.
Whales have accumulated additional 100 million #Dogecoin $ DOGE In the past 24 hours, reporting growing confidence and demand! pic.twitter.com/hkusewubtn
– Ali (@ali_charts) February 7, 2025
Whale psychology: what are they waiting for?
Whales are considered a large indicator of market feeling. When they buy an asset, it is almost required for granted that they think it will increase in price. When you consider that the recent mass accumulation of $ DOGE by these large entities has also brought us to 100 million assets, the image suddenly becomes much clearer: these entities have growing confidence in $ DOGE.
This change of strategy could suggest that whales see the current market as a chance to refuel at lower prices. They used slowdowns and collapse in volatility as a cover to build positions without attracting attention or raising prices, much less. If they do this with Dogecoin, he could configure the meme token for a training effect if / when the whales decide to unload or let the prices discover his course in the way they have undervalued.
Another option is that whales could wait for their time, waiting for a new external momentum to reward them with the next major price wave. This is added to an augmented reality – and a familiar for a long time to Dogecoin holders – where price movements tend to be initiated by social media trends, celebrities or large market gatherings. However, for all the apparent nonsense in Dogecoin price moves, He-Man traders and retail investors should not reduce the work undertaken by virtual Ethereum whales. Instead, they should prepare to truly buy Dogecoin once he heads for the moon and with real real world and virtual Ethereum to get there.
In the meantime: what is the next step for Dogecoin?
The drop in major cryptographic transactions can be momentary, many thinkers postulate that a renewed increase in whale activity could be the signal for a full price rally in Dogecoin. Historically, we have seen that when the whales increase their activity, the Dogecoin market tends to follow, but not always immediately. Could the trend accumulated today among large holders be a precursor of a price change in Dogecoin? If so, can we expect this price to change anytime soon?
With a dedicated fans base, Dogecoin attracts attention as a meme piece. Whales or major stakeholders apparently play an important role in price oscillations that make the room more popular. The recent episode in which only one party has accumulated 100 million pieces suggests that we could look at another lead to a bump of Dogecoin prices. Because the cryptographic asset market is so flying, it’s hard to say when the next bump comes. But there is a good chance that everything that happens to happen at the request of these strategic whale players.
To summarize, although transactions of mixed bags for Dogecoin have dropped since the very exciting days of the end of November, just the accumulation of very large quantities of $ Doge in the last 24 hours by very large holders signals some thing. And what it could point out is that these major holders have growing confidence in the future of Dogecoin – possible in the near future – which increases the probability that we can see an important operational whale activity in the coming days and weeks and that we can see a large price in $ DOGE at a given time in the future not too far away.
Disclosure: they are not negotiation or investment advice. Always do your research before buying a cryptocurrency or investing in services.
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