Dogecoin whale activity has hit its highest level in a month, according to market analyst Ali Martinez. On August 13, transactions above $1 million jumped past 100 as DOGE tested the $0.25 level. This marks the busiest day for large holders since mid-July. In recent weeks, daily whale transactions mostly ranged between 20 and 60.
Massive Accumulation by Large Holders
Martinez revealed that whales holding between 100 million and 1 billion DOGE scooped up 2 billion tokens in just seven days. At current prices, this buying spree is worth about $500 million. Their total holdings now stand at 27.6 billion DOGE, the highest in over a month.
The spike in whale activity follows a 26% recovery from early August lows of $0.195. DOGE traded near $0.24 in late July but slid to a monthly low on August 2–3.
A steady rebound began shortly after, with smaller whale transaction spikes along the way. By August 7, prices climbed above $0.24 before easing to $0.23. The latest whale buying came as DOGE rose to $0.246, just below the $0.25–$0.252 resistance zone that has blocked recent rallies.
Market Drop Caps Gains
Despite the surge, DOGE failed to hold $0.25 and now trades at $0.2285, down 9.5% in the past day. The drop aligns with broader market weakness, as Bitcoin also fell 3.3% in the same period.
Related article: Dogecoin Active Addresses Surge to 157K as Whales Accumulate
This is not the first large-scale accumulation this year. In May, whales bought over 1 billion DOGE in a month, raising their holdings to 25.97 billion. That wave of buying fueled an 11.7% rise from $0.227 to $0.2536. Similarly, in March, whales added 200 million DOGE, lifting their stash to 10.5 billion and helping DOGE rebound 42% from $0.1432 to reclaim $0.16 support.
