- The 30 million DOGE received by whales within a single day reinforced the mood of bullishness and impacted the short-term direction of the market.
- Dogecoin consolidated between $0.249 and $0.265 with strong liquidity and $3B trading volume.
- Market capitalization reached $39.08B, supported by active participation despite DOGE’s inflationary supply model.
Dogecoin (DOGE) saw a revised market momentum when big holders gained in excess of 30 million tokens within 24 hours. This pattern of accumulation has been accompanied by gradual consolidation, which indicates good participation and increased expectation of future price upsurge.
Whale Activity and Market Influence
Analyst Ali (@ali_charts) reported that Dogecoin whales holding between 1 million and 10 million DOGE added more than 30 million tokens. The chart presented alongside the observation shows a direct correlation between whale buying activity and price rebounds across recent sessions.
During July and August, DOGE’s price consolidated as whale accumulation quietly increased. This behavior pointed to whales absorbing supply while overall market sentiment remained uncertain. Such phases often create foundations for renewed price momentum as selling pressure gradually decreases.
In September, this correlation became clearer. Every sharp rise in whale holdings aligned with upward price movement, reinforcing the view that larger holders play a decisive role. The most recent surge in accumulation indicates positioning ahead of possible market expansion in the coming weeks.
Trading Range and Price Structure
Dogecoin is, as of writing, priced at $0.2569, recording a 3.5% gain in the last 24 hours. The token traded around the tight intraday trading of $0.249 0.265 showing consistent liquidity and slight upward movement.
The $0.25 mark has become a solid support area, and it has saved further losses several times. In the meantime, $0.265 remains to provide near-term resistance, limiting any additional gains. A strong break above this might give some space to increased valuations.
DOGE also registered a volume of trading of $3.0 billion a day with both retail and institutional investors being highly engaged. These strong liquidity states enable the whales to hoard or allocate without disrupting the market in the short term.
Market Capitalization and Supply Dynamics
Dogecoin has a steady market capitalization of $39.08 billion, ranking it as one of the biggest cryptocurrencies based on value. Its fully diluted valuation reflects the circulating market cap, which shows no capped supply structure.
Circulating supply is $151.22 billion DOGE, which is almost the total supply, supporting its inflationary design. In contrast to capped funds like Bitcoin, Dogecoin issues new coins continuously, which defines the trends of its market in the long term.
As an inflationary model, active participation and liquidity have maintained its reputation in the crypto world. The buildup of whales provides additional weight, and recent purchases are an indication of robust belief among the large holders in the build-up to a possible market change.
