Dogecoin (DOGE), the world’s biggest meme coin, is back in the spotlight as big whales just bought 2 billion tokens in just 48 hours. Surprisingly, despite this huge buying spree, DOGE slipped 4%, trading below $0.24.
Perhaps, some experts say this could be a setup for a major move, with short-term targets around $0.78 and long-term projections hinting at an 800% gain.
Here’s why!
Whales Buy $480M worth of Dogecoin
According to crypto analyst Ali Martinez, wallets holding between 100 million and 1 billion DOGE led the buying surge. Together, these whales snapped up around 2 billion tokens, a buying spree that amounts to roughly $480 million at current prices
The buying happened when DOGE dipped to $0.245, a level that had earlier acted as strong support. Such large purchases during a price dip often signal that investors are preparing for an upward move.
Historically, similar whale accumulation has led to bullish rallies, suggesting DOGE could gain momentum soon.
Apart from whale buying news, Thumzup Media is growing its Dogecoin stash, now holding around 7.5 million DOGE. The company is strengthening its crypto treasury alongside a $10 million share buyback program running through 2026.
Previously, the company approved up to $250 million in crypto holdings, including Bitcoin and Dogecoin, signaling a clear strategy toward Web3 integration.
With increasing Dogecoin reserves, Thumzup is positioning itself at the intersection of crypto and corporate finance.
Dogecoin to See Massive Rally Towards $1.30
As of now, Dogecoin is trading around $0.2330, with analysts watching key resistance levels closely. Meanwhile, if whale buying continues, DOGE could test $0.30–$0.35 resistance, and breaking $0.35 might drive it toward $0.78.
Adding to the excitement, analyst Bitcoinconsensus notes that DOGE has historically followed cycles of 300% to 500% rallies.
Current setups suggest the next move could be even stronger, potentially an 800% surge toward $1.30 if patterns repeat.
