158,000,000 Dogecoin (DOGE) Spotted in Bullish Whale Activity - U.Today

Dogecoin whales just loaded up with 158,000,000 coins, worth about $44 million, at an average entry around $0.28. Most of the buying came from wallets with between 1,000,000 and 10,000,000 $DOGE in them. These wallets now control more than 11.03 billion $DOGE in total, as displayed by Ali Martinez.

The price action was right on the money with this accumulation. At the start of August, $DOGE was trading at around $0.22, which gave it a market cap of about $31 billion.

By Sept. 17, it had touched $0.299, adding more than $9 billion to its total valuation. That is a 35% move in six weeks, with 25% of that run packed into just 14 days — the exact window when these big-time investors expanded their holdings.

The numbers show just how concentrated the impact was. As of Aug. 25, these wallets held around 10.77 billion $DOGE. By Sept. 18, that figure had risen to 11.03 billion — a 260-million-coin increase.

Bottom line for Dogecoin price?

The net inflow settled at 158 million after some redistribution, but the pattern is still building up. At the same time, $DOGE volume on the major exchanges went up by about 100%, going from an average of $450 million a day at the end of August to almost $1 billion during the September rally.

In the past, these holders have been really important for Dogecoin cycles. In the 2021 run, when the price shot up from $0.05 to $0.73, wallets holding 1-10 million $DOGE were consistently growing. The fact that they are buying in size again, with prices under $0.30, is a sign to traders that the big players see value here.