It looks like the meme coin market is experiencing significant activity. Dogecoin (DOGE) has seen a significant increase in whale activity. A surge in whale activity indicates that big investors are entering the market, which could lead to more volatility. It’s worth noting that whale trading volume typically peaks before potentially large price moves. Whales typically follow large moves in DOGE, and so does the market.

According to Ali Martinez, a well-known analyst, Dogecoin whales have been on a shopping spree over the past two days. The expert revealed that these whales bought more than 1.4 billion DOGE tokens in 48 hours. It is worth noting that this is worth 140 million.

How is Dogecoin performing?

Whales usually make large purchases when asset prices fall. Dogecoin, on the other hand, has seen an uptick. The asset has surged nearly 10% in the past week alone. At press time, the meme token is trading at $0.114, up 5% in 24 hours.

It seems like Dogecoin whales are preparing for big things. While the market is betting that Dogecoin could surge to 20 cents, Dogecoin has other plans. According to Changelly, Dogecoin is likely to fall. The OG meme coin is going to have a pretty miserable last few days of September. The asset is going to fall by about 1.42% to a low of $0.108089.

It looks like DOGE investors will have to wait a little longer to enjoy the gains of the meme coin.