Dogecoin (DOGE) Whales Bet Big on 2025, Accumulating 300 Million DOGE to Stir Up the Market!
In December 2024, major investors in Dogecoin (DOGE) — the whales — continue to actively increase their holdings of the token, accumulating over 570 million DOGE, valued at $188 million, indicating a sustained optimistic market sentiment.
Despite the overall market being relatively cautious, Dogecoin's historical returns and whales' investment decisions instill confidence in investors regarding its future.
Large investors holding between 100 million and 1 billion DOGE purchased an additional 300 million DOGE in just one day, valued at approximately $94 million.
Recently, another group of whales also bought 270 million DOGE. This large-scale acquisition behavior shows that the whales are confident in Dogecoin's potential for future growth, a trend that may lay the foundation for the long-term growth of Dogecoin.
According to historical data, Dogecoin has an average return rate of 83.9% in January, although it does not perform strongly every year.
Over the past decade, Dogecoin's performance in January has been mixed, with only 5 months achieving positive returns and an average loss of 3.86%. However, January 2025 could be a turning point, especially with Dogecoin closing above the key support level of $0.315 in December 2024, the highest level since the 2021 bull market.
Although Dogecoin's performance in January has been inconsistent, January 2025 might become an important breakthrough moment, with December's increase of over 700% setting a positive tone for future targets.
Currently, Dogecoin's price is approximately $0.3186, with a recent slight increase of 0.44%, further enhancing the bullish market sentiment. However, despite the soaring optimism, the risk of a pullback still exists.
