Dogecoin Whale Activity Surges as 60.9B DOGE Moved in 24 Hours

Dogecoin (DOGE) has witnessed a major spike in large transaction volume, soaring by 41.12% in the past 24 hours, according to data from IntoTheBlock. Whale wallets moved an impressive 60.9 billion DOGE—worth roughly $23.35 billion—indicating significant behind-the-scenes activity despite the broader crypto market showing mixed signals.

The surge in whale activity comes amid a cooling-off period for the overall crypto market, suggesting that large holders remain bullish on Dogecoin. Analysts speculate that whales might be positioning for an upcoming rally, as large transaction volumes often precede major price movements.

Adding to the intrigue, a mysterious whale withdrew 260 million DOGE from Robinhood, a leading U.S.-based brokerage, hinting at possible accumulation. Such moves typically indicate increased demand and potential bullish sentiment among institutional or high-net-worth investors.

Despite these large-scale movements, Dogecoin’s price has remained relatively stable, inching up by just 0.41% to trade at around $0.2252, based on CoinMarketCap data. Interestingly, while whale activity has surged, retail trading volume has dropped by 25%, reflecting reduced interest from smaller investors.

This divergence suggests that whales may be accumulating quietly while retail sentiment cools. With on-chain indicators signaling heavy accumulation, investors are watching closely for signs of a breakout.

As speculation builds, the increased activity from DOGE whales could be an early signal of a significant price shift. For now, retail investors remain cautious, but the blockchain data tells a different story—one of growing interest from large holders betting on Dogecoin’s future upside.