Whales Quietly Scoop Up 100M DOGE as Market Sleeps—What Are They Planning?

Mid-sized whale wallets have recorded a major accumulation of Dogecoin in the past two weeks. These wallets, holding between one million and ten million DOGE each, have added over 100 million DOGE without triggering public attention.

According to a post on X by Ali Martinez, on-chain data reveals that total holdings by wallets holding between 1 million and 10 million DOGE rose from approximately 10.42 billion DOGE to over 10.55 billion DOGE by April 30. Total DOGE accumulation increased notably when market news remained stable and social media involvement failed to influence prices.

Given current prices, the value of the 100 million DOGE transaction reached approximately $17.5 million. These wallets implemented their strategy unpublicized when the market exhibited ambiguous trends and shunned interference from public speculation.

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Whales of this size are often considered strategic players in the crypto space. Their actions tend to come ahead of notable price movements or market events. Given these accounts’ large size but limited public visibility, their sizable transactions remain unnoticed until researchers analyze the data.

Coordinated Whale Moves Hint at Strategic DOGE Positioning

The latest data suggests that this accumulation is not a result of scattered trading but part of a coordinated effort. These wallets increased their holdings steadily over a short period, reflecting intention rather than coincidence.

This unusual market activity initiated by Dogecoin holders remains a subject of community debate because there has been no new backing or sudden news from Dogecoin sources. The measured accumulation approach signifies that these wallet owners anticipate upcoming market changes or advancements.

Past instances from this wallet category have regularly preceded significant price action changes. Several investors keep gaining Dogecoin when market uncertainty arises since they see current conditions as favorable for entering the market.

There is no confirmation yet of what these whales expect, but their activity stands in contrast to the muted sentiment seen across the wider crypto market.

Conclusion

Over 100 million DOGE have moved into mid-tier whale wallets while the broader market remained inactive. This strategic and silent accumulation suggests that these holders may be preparing for a shift. Market observers will likely closely watch these wallets in the coming weeks.

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The post Whales Quietly Scoop Up 100M DOGE as Market Sleeps—What Are They Planning? appeared first on 36Crypto.