Dogecoin Finally Breaks $0.41 as Whales Reaccumulate 200 Million DOGE

Dogecoin is making a strong move to lead the meme coin bull market frenzy, driven by significant ongoing whale accumulation impacting its price performance.

Market watcher Ali Martinez recently cited data from intelligence platform Santiment, confirming that whales accumulated 200 million DOGE tokens within a 48-hour window.

These investors hold Dogecoin portfolios ranging from 100 million tokens to 1 billion. Before consolidating their holdings, they collectively had about 22.83 billion DOGE in total. However, as of yesterday, this figure has increased to 23.03 billion.

Specifically, their latest major purchases occurred between Wednesday and Thursday. At the time, the price of DOGE fluctuated between $0.3300 and $0.3874, showcasing the impact of these large accumulations. As of press time, Dogecoin is trading at a much higher price.

For context, Dogecoin has finally broken through the $0.40 price level, surpassing this key psychological resistance for the first time in 2025. At the time of reporting, DOGE has posted an 11% gain over the last 24 hours, trading at $0.415.

This ongoing rally has completely erased the losses Dogecoin picked up over the past few weeks, posting an impressive 23% weekly gain—the largest among the most prominent meme coins.

Dogecoin Whale Patterns Amid DOGE Rallies

While the latest acquisition by Dogecoin whales contributes to the price surge, it’s important to note that these investors often liquidate their holdings during heightened DOGE bull runs.

As shown in a chart from Santiment, these whales had a portfolio of around 23.7 billion Dogecoin tokens as of January 7. This figure followed a dramatic one-day increase, during which they added over 600 million tokens.

At that time, Dogecoin was trading at $0.3978, attempting to break the $0.40 level. However, these whales began massively selling their accumulated DOGE tokens, which led to a decline in the price. They continued selling until the price reached its current level, at which point they added another 200 million tokens.

The selling pressure was evident as the price of Dogecoin dropped to $0.3151 on January 9. However, a more powerful price recovery is now taking place, fueled by improved sentiment in the broader crypto market and whales re-entering with more funds.

How High Will Dogecoin Go This Month?

Market analyst Ali Martinez predicts that Dogecoin could surge by up to 700% as early as next week, based on historical price patterns. He noted that Dogecoin had retraced 46% from its December high, similar to a 56% correction in January 2021 before it saw a massive uptrend.

Martinez suggests Dogecoin could follow this cyclical trend and potentially reach a price range between $4 and $23.