- In one week, 100M tokens were added to DOGE whale holdings, now at 10.55B.
- DOGE rebounds at the 3rd touch on the multi-year trendline and tracks a bullish pattern.
- Long traders dominate the DOGE markets with a positive funding rate of 0.0062%.
According to crypto analyst Ali_charts, whale wallets holding between 1 million and 10 million Dogecoins have accumulated approximately 100 million DOGE tokens over the past week. This surge in whale activity, visualized in a Santiment chart, indicates a notable increase in large holder confidence amid a broader market upswing.
Analyst said:
“Whales have bought 100 million #Dogecoin $DOGE over the past week!”
Per the chart data, the total DOGE holdings in the whale tier rose to around 10.55 billion DOGE tokens between April 22 and April 30, 2025. Coinciding with this accumulation period, the cryptocurrency saw a rallying price from roughly $0.153 to $0.189 highs before stabilizing near $0.176 by month’s end.
The analyst suggests that this synchronized accumulation and price movement signify bullish momentum. Historically, such behavior by mid-tier whales has gone hand in hand with price breakouts or as a predictor of an inevitable upward trend. From a technical perspective, the steady accumulation while prices dip and consolidate may also indicate that strategic investors are positioning for further gains.
As shown in Ali’s chart, this group of holders began aggressively building their positions just after April 21st, right before a spike in the price of DOGE on April 24th. This data indicates a correlation that whale confidence could create market sentiment and liquidity.
Analyst Predicts DOGE Path to $10 as ‘Legendary Trend-Line’ Holds
Market analyst STEPH IS CRYPTO predicted a lofty long-term price trajectory for Dogecoin (DOGE), estimating that it might rise to $10. The ‘Legendary trend-line,’ as Steph calls this multi-year technical pattern, is the basis of this projection. As per the chart shared, Dogecoin has regularly obeyed this ascending support trend line, bullishly bouncing back each time it has encountered it.
This trend was first touched in early 2020, right before DOGE made its meteoric ascent to its all-time high around $0.74 in 2021. The subsequent significant retest came in mid-2024, and the market gradually recovered upon contact. More recently, in early 2025, Dogecoin again tapped the trendline, leading to a slight bullish recovery illustrated by the chart.
Steph adds that these recurring rebounds validate the trendline’s strength and signal that the latest bounce could be the springboard for the next exponential phase. Each time DOGE reestablishes support at this historic level, the pattern hints at a growing base of long-term holders and renewed investor confidence.
Dogecoin Holds Positive Funding Streak Amid Bullish Calls
Building on Dogecoin’s bullish mood, CoinGlass data suggests that the DOGE open interest (OI)-weighted funding rate has been in green territory over a long period. At the time of writing, the funding rate stood at 0.0062%, and DOGE was trading around $0.18.
This ongoing positive funding rate suggests that traders with long positions are willing to pay a premium to traders with shorts for the privilege of keeping their positions open. Such behavior in the derivatives markets is a reliable measure of market confidence.
In other words, this reflects the expectation among most market participants for continued upward price movement and indicates a willingness to take on additional costs to remain exposed to this asset.
Notably, the continuation of long positioning illustrates similar expectations espoused by analysts such as Steph, who pointed to DOGE being strictly bullish in a multi-year trendline, and Ali, who indicated whale accumulation. Besides, the positive funding trend helps support the view that institutional and retail traders are positioning themselves for a bigger breakout.
