Dogecoin (DOGE) entered the cryptocurrency world in 2025 with great speed. Dogecoin, which emerged as a joke project, turned into a serious investment tool over time. Now, the re-activity of Dogecoin whales is creating a new wave in the market, increasing excitement among investors.
Dogecoin Whales’ Impact on Price
Although cryptocurrencies seem to offer a decentralized structure, in practice, the opposite is sometimes the case. In Dogecoin, 37.08% of the total supply is controlled by just five large wallets. One of these wallets alone owns 19.56% of the supply. This situation reveals how important the influence of whales is in Dogecoin price movements.
The year 2024 was a remarkable year for Dogecoin, gaining 331.16% in value. However, this increase did not follow a straight line. DOGE, which rose to $ 0.4665 in December, fell 32.22% towards the end of the year to $ 0.31616. With the start of the new year, signs of recovery emerged and the DOGE price rose to $ 0.36256.
As we enter 2025, the re-activity of Dogecoin whales has revived the market. According to data from crypto analyst Ali Martinez, whales bought a total of 1.08 billion DOGE between January 1-2. This shows that whale activity, which slowed down especially in December, is gaining momentum. These purchases by whales are considered a strong sign of confidence for investors. Analysts predict that the DOGE price could first reach the $ 0.42 resistance level, and then climb to $ 1 and above. Some experts state that Dogecoin's popularity is now showing a natural growth and that the influence of figures like Elon Musk is starting to wane.
Technical Indicators and Long-Term Expectations
Technical analysts see positive signs for DOGE. According to the analysis, DOGE has started to recover from a downtrend. In addition, a strong resistance level is detected at $0.42. Famous analyst Trader Tardigrade suggests that the long-term target for Dogecoin will be $3.20, while TradingShot stated that $1.50 is the target for the first quarter of this year.
With the potential shown by whale movements and technical analysis, Dogecoin may attract the attention of investors again in 2025. If the price increase continues, DOGE may once again experience a golden age in the crypto world.