Everyone Talks About TRUMP, But Meme Coin Whales Massively Buy DOGE!

January 20, 2025

Is Dogecoin (DOGE) Price Ready to Soar? Analyst Links Past Bull Cycles to Its Next Move!

Today is Trump’s inauguration as he’s taking the office and becomes the 47th president of the US. His official meme coin is recovering well after yesterday’s crash.

TRUMP found the bottom around $37 area after plunging from $72. It then bounced to current levels around $59.

Whales Make Big Moves in DOGE

However, as reported by Ali Martinez on X yesterday, while everybody talks about TRUMP, whales have been quietly accumulating massive amounts of Dogecoin. Over just 48 hours, these large holders added a staggering 1.83 billion DOGE to their wallets.

Looking at the data more closely, wallets holding between 100 million to 1 billion DOGE have been consistently increasing their positions since January 15. This accumulation phase coincided with a notable price increase, suggesting strong confidence from major players in the market.

While everyone focuses on $TRUMP, whales bought 1.83 billion #Dogecoin $DOGE in the last 48 hours! pic.twitter.com/ozznJzflg2
— Ali (@ali_charts) January 19, 2025

The price of Dogecoin has shown steady upward momentum from January 11 to January 18, eventually stabilizing near the $0.4 mark. Currently trading at $0.38, the DOGE price appears to be gathering strength. If this substantial buying pressure from whales continues and market conditions remain favorable, Dogecoin could potentially challenge its previous all-time high of $0.73.

This whale activity is particularly interesting as it’s happening quietly in the background while most market attention is focused elsewhere. These large-scale purchases often indicate strong market confidence, though as always in the crypto market, nothing is guaranteed.

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