According to U.Today, large investors, often referred to as crypto whales, have recently turned their attention to Dogecoin (DOGE). Over the past 24 hours, these whales have acquired 60 million DOGE, valued at approximately $7.3 million at the current market price.

Ali Martinez, a well-known crypto analyst, highlighted this increased activity from Dogecoin whales in a recent social media post. Many community members interpret this as a sign of whales pushing for Dogecoin liberation. Typically, increased activity from whales suggests anticipation of bullish momentum, indicating that these large investors are confident in the underlying technology or sentiment driving the Dogecoin ecosystem. They hope that ongoing developments, such as integration with Ordinals inscriptions, will further boost the price of DOGE.

Despite this optimism, DOGE is still experiencing significant market volatility. Although it saw a 10% surge over the past week, the meme coin's price declined by 1.4% in the last 24 hours, trading at $0.1228.

The recent Dogecoin whale transactions have sparked discussions about the potential return of the next altcoin season. This speculation is not unfounded, as DOGE and other altcoins like Ethereum, XRP, and Solana were among the top gainers following the recent market recovery. While these gains have since diminished, Dogecoin's year-to-date return of over 78% remains impressive. Solana has also seen a resurgence, with its price climbing to $160.

As rumors about a potential DOGE Exchange-Traded Fund (ETF) circulate, the market will be closely monitoring the next developments and their impact on prices.