Dogecoin Whale Moves $150M in DOGE, Triggers 74% Surge in Trading Volume

Dogecoin (DOGE), the leading meme coin, has made headlines following the transfer of over 807 million DOGE—worth approximately $149.76 million—between two unknown wallets in just 24 hours. On-chain tracker Whale Alert flagged five separate transactions, sparking speculation over the intentions behind the massive move.

While the identities of the wallets remain unknown, the size and timing of the transfers suggest the involvement of a DOGE whale potentially reorganizing their portfolio. Market observers speculate that the transfer may precede a major sell-off or simply reflect internal asset management. Such whale movements often stir market sentiment, leading to price fluctuations as smaller investors react emotionally.

Despite the uncertainty, the market responded positively. DOGE surged by 7.58% in the last 24 hours, trading at $0.1860 at press time. Trading volume spiked by 73.76%, hitting $1.24 billion—a clear sign of heightened investor interest and market activity.

The price breakout aligns with Bitcoin’s recent rally, suggesting broader bullish momentum across the crypto market. DOGE bounced from $0.1695 and broke past the $0.18 resistance level, hinting at strong upward potential. If current momentum holds, DOGE could soon challenge the $0.20 mark, a level historically significant for its price action.

Crypto traders are now closely watching DOGE whale activity as a signal for future volatility. As always in the meme coin space, large token transfers can foreshadow sharp market moves. With rising volume and renewed bullish sentiment, Dogecoin remains one of the top altcoins to watch in this ongoing crypto rally.