Dogecoin (DOGE) whales bet big in 2025, aiming for 300 million DOGE to stir up a storm!
In December 2024, the major investors of 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, the historical returns of Dogecoin and the investment decisions of the whales have instilled confidence in investors about its future.
Large investors holding between 100 million and 1 billion DOGE purchased another 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 indicates that the whales are confident in the future upward potential of Dogecoin, which may lay the foundation for its long-term growth.
According to historical data, Dogecoin's average return in January is 83.9%, but it does not perform strongly every year.
Over the past 10 years, Dogecoin's performance in January has been mixed, with only 5 months achieving positive returns, averaging a loss of 3.86%. However, January 2025 could become a turning point, especially as Dogecoin closed above the critical support area of $0.315 in December 2024, which is the highest level since the bull market of 2021.
Although Dogecoin's performance in January has traditionally been inconsistent, January 2025 may 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, recently rising slightly by 0.44%, further enhancing the market's bullish sentiment. However, despite the high optimism, the risk of a pullback still exists.
