$1 billion purchase from DOGE whales.

#Dogecoin (DOGE), one of the most popular memecoins in the crypto market, attracted attention with its 22.81 percent increase in the last week.

DOGE, the leading cryptocurrency in the memecoin category with a market value of $57 billion, touched its highest level since December 18, $0.375, and continued its rise. DOGE, which gained 14.21 percent in the last 24 hours, is trading at $0.388 as of writing the news.

$DOGE , one of the stars of the 2021 bull, is a memecoin that crypto investors are not far from. As you may remember, billionaire Elon Musk frequently referred to $DOGE at that time. Rumors that DOGE would be used in payments on the platform after he bought Twitter caused investors to flock here. Musk, who frequently shared images featuring DOGE's mascot dog, was the person who set the agenda in the market.

In the four years that have passed, billionaire Elon Musk has added to his fortune. Following his open support for Donald Trump, who was elected as the 45th president of the United States, it was announced that a new ministry would be established that would focus on both cost reduction and efficiency in government spending, and Musk would be the head of it. The abbreviation of the ministry, which can be translated into Turkish as the Ministry of Productivity, is quite familiar: D.O.G.E.

Evaluating the rise of DOGE, which reached its highest level in the last three years at $0.48 immediately after the US presidential elections, famous crypto analyst Ali Martinez drew attention to the recent large purchases made by wallets holding large amounts of funds known as whales. Emphasizing that whales bought $1.08 billion worth of #DOGE between January 2 and 3, 2025, Martinez's chart is as follows: DOGE price and whale supply correlation

As can be seen in the chart, DOGE whales gradually switched to a sell-side position after increasing their supply to the highest level last December.