Dogecoin whales have been on a buying spree, scooping up roughly 470 million DOGE over the past few days — an on-chain development that has coincided with a fresh price push above the $0.10 mark.
Price snapshot
- DOGE climbed more than 5% in the last 24 hours, reclaiming the $0.10 level.
- For the week, the memecoin is up nearly 10%.
- A late-week bullish attempt had previously fizzled, but the latest gains have held longer — although sustainability remains uncertain.
What the on-chain data shows
Analyst Ali Martinez flagged the whale accumulation on X, noting that large holders (whales) added about 470 million DOGE within the recent window. Whales’ moves are important to monitor because big buys or sells can influence liquidity and price action, or at least signal sentiment among large traders.
Network activity is rising, too
Martinez also highlighted a sharp jump in on-chain engagement: active addresses rose 176% over the past week, from 41,557 to 114,662. A surge in active addresses typically signals increased participation on the network and can lend support to price momentum if sustained.
What to watch next
- Whether whale accumulation continues or reverses.
- If active-address growth persists, indicating broader user interest.
- Price action around the $0.10 level — a sustained close above it would be a bullish sign, while a failure to hold could invite renewed selling.
Bottom line: On-chain metrics show growing interest in DOGE from both large holders and everyday users, which appears to be supporting the recent bounce. That said, traders should watch for follow-through and the broader market context before reading too much into a short-lived rally.
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