Dogecoin Whales Accumulate 110 Million DOGE As Meme Coin Eyes 24% Revival

DOGE coin has faced renewed selling pressure after its recent price pullback, reflecting broader uncertainty across the crypto market. The meme coin slipped from January highs, prompting caution among short-term holders and retail participants.

Despite this decline, one key holder group held firm. Large holders, commonly known as whales, continued accumulating DOGE, signaling confidence that the current weakness could precede a recovery phase.

DOGE Coin Finds Whale Support

On-chain data shows DOGE coin whales actively accumulating (https://app.santiment.net/) during the recent downturn, countering bearish market conditions. Over the past 20 days, large wallet addresses added more than 110 million DOGE to their holdings. This behavior suggests strategic positioning rather than panic-driven selling.

The accumulated DOGE is valued at over $13.4 million at current prices. Such capital deployment highlights optimism among high-net-worth holders. Whales often accumulate during periods of reduced volatility, anticipating future upside. Their actions suggest confidence that DOGE coin may stabilize and recover once market conditions improve.

Can DOGE Coin Price Recover Its January Losses?

At the time of writing, Dogecoin is changing hands near $0.122, consolidating within a narrow range between $0.126 and $0.117. This sideways movement reflects market indecision driven by macro uncertainty. Holding this range is critical as DOGE coin attempts to recover losses recorded earlier in January.

A sustained rebound could emerge if accumulation continues and broader sentiment improves. Whale activity may provide the liquidity support needed for a breakout. Analysts note that regaining momentum above resistance levels could restore bullish confidence among sidelined holders.

If buying pressure strengthens, Dogecoin could target the $0.151 level, representing a potential 24% upside from current prices. To achieve this move, DOGE coin must first clear the $0.136 resistance. A successful breakout above that level would likely attract additional volume and reinforce bullish continuation.

Minotaurus If Following DOGE Coin's Footsteps

Recent whale accumulation highlights pockets of rising demand across the crypto market despite ongoing volatility. Large holders remain selective, favoring assets with strong liquidity and committed communities, where DOGE, Minotaurus, and others stand out (http://minotaurus.io/insight/591ff6cdeca76db48aac).

Take Minotaurus (MTAUR), for example (http://minotaurus.io/insight/591ff6cdeca76db48aac), where its token plays an essential in-game role rather than serving solely as a speculative asset, allowing users to upgrade equipment, unlock new levels, and boost character abilities.

Similarly, MTAUR operates in the blockchain gaming sector (http://minotaurus.io/insight/591ff6cdeca76db48aac), where its token plays an essential in-game role rather than serving solely as a speculative asset, allowing users to upgrade equipment, unlock new levels, and boost character abilities.

Also, like DOGE coin, MTAUR is also a low-priced coin currently changing hands at 0.00012647 USDT, which gives holders a strong entry point. Minotaurus also follows Dogecoin in terms of transparency and reliability, allocating only 2% of the total supply to the development team while dedicating 10% to the community and incentives.

This shows that the whales are looking for small-cap, fundamentally strong tokens, and like DOGE coin, MTAUR is also likely (http://minotaurus.io/insight/591ff6cdeca76db48aac) gaining ground.

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