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, namely 0.375, and continued its rise. DOGE, which gained 14.21 percent in the last 24 minutes, is traded at $ 0.388 in the news summary.
#ElonMusk is in the lead role again
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 was frequently in DOGE at that time. After he bought Twitter, rumors about DOGE spreading in payments within the platform flocked here. Musk, who frequently shared images featuring DOGE's mascot dog, was a person who could be shaped in various ways.
In the four years that have passed, billionaire Elon Musk has added to his fortune. Following the open support of 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 costs and efficiency in government spending, and it was announced that Musk would take over. The extension of the ministry, which can be directed as the Ministry of Productivity of Turkey, is quite familiar: D.O.G.E.
The roles of DOGE whales have changed
Evaluating the rise of DOGE, which saw its highest level of $0.48 in the last three years immediately after the US presidential elections, Ali Martinez, one of the famous crypto analysts, drew attention to the fact that the activities of budgets holding large amounts of funds known as whales were loaded into the last purchase. Martinez's graph, which emphasized that whales who subscribed between January 2 and 3, 2025, bought $1.08 billion worth of DOGE, was published as follows:
As listed in the graphs, DOGE whales had a history of selling after increasing their supply to the highest level at varying intervals. There was a sharp decline in both the value and the supply held by whales since the second week of the DOGE interval regime. However, after the whales stopped selling in a week, the price of DOGE recovered and rose to 0.388 with a 22 percent increase in value in a week.
In crypto terminology, the term whale generally refers to holding 1000 or more Bitcoins (BTC), while in altcoins, the math can vary. This news is called a whale holding 10 million to 1 billion DOGE.
It is a known fact that many crypto analysts, including Ali Martinez, have placed quite ambitious targets on the price of DOGE. However, in order for the jaw-dropping price estimate of $ 1 spent for DOGE to come true, the current market value of DOGE needs to double.
