Whales don't save anyone, they only save themselves through the power of money.

Dogecoin (DOGE) has struggled to recover from its recent losses, with demand slowing in recent days. With 2024 coming to a close, many investors are opting to avoid the volatility associated with this transitional period.

This could leave DOGE vulnerable to further price declines unless market activity resumes.

Whales are the hope for Dogecoin

Dogecoin whales are playing a crucial role in preventing the cryptocurrency’s price from falling further. Transactions over $100,000 surged to 9,410 — the highest level since November 2021. This resurgence in high-value transactions indicates strong activity from large players, which has historically been instrumental in stabilizing the price during volatile periods.