Whales Scoop 310M $DOGE in 24H: Is a Breakout Brewing?

Key Insights:

• Dogecoin whales bought 310 million coins during the dip, signaling growing interest at lower prices.
• DOGE bounced from $0.213 support, with traders watching for a breakout toward $0.250 range.
• Whale accumulation amid falling prices could indicate early positioning for Dogecoin’s next upward move.

Dogecoin ($DOGE) dropped to $0.22 earlier this week, but large holders showed renewed interest by scooping up over 310 million tokens in 24 hours. The move sparked new attention as analysts monitor the meme coin’s next direction.

However, the decline reflects a broader market volatility, which has weighed on several altcoins. Despite the price drop, DOGE has managed to hold above the $0.213 support zone.

As of the time of writing, Dogecoin was priced at $0.223, with a 24-hour volume exceeding $2.2 billion. The meme-based coin posted a 0.55% gain during the same period, suggesting mild recovery pressure is present.

Whales Accumulate Amid Falling Prices

During this pullback, whale wallet activity sharply increased. In a single day, wallets holding over 1 billion DOGE added 310 million tokens to their holdings, which amounted to more than $73 million at market prices.

According to Santiment, whale wallets now control over 72.6 billion DOGE in total. Ali_charts analysis pointed out that whales bought 310 million Dogecoin $DOGE in the last 24 hours.

While the overall market appeared cautious, whale wallets grew more active, suggesting a shift in sentiment at higher market levels. This kind of buying usually doesn’t happen randomly.

Breakout Potential Builds From Support Levels

Market analysts have identified $0.213 as a crucial support zone. Dogecoin bounced from this area, forming a possible bullish reversal setup. According to BitGuru, a breakout above resistance could lead to a 28% move, pushing DOGE toward the $0.240–$0.250 range.

Notably, the current price zone also coincides with previous trading ranges from early July, adding further relevance to the $0.235–$0.243 area as a short-term target. Traders are watching to see if DOGE can reclaim these levels with volume.

The whale activity during the price decline has added new interest to Dogecoin’s chart setup. With $310 million DOGE entering whale wallets in just 24 hours, the stage may be set for a volatile shift. Whether this translates into a lasting price move will depend on upcoming price action around key technical levels.