Whales Scoop 750,000,000 Dogecoin at Dip Price: Will a 300% Pump Follow?

The most recent price slump in Dogecoin (DOGE) has seen whales massively loading their bags ahead of what could come. In a tweet today, market watcher Ali Martinez disclosed that whales took advantage of the recent dip and purchased 750 million DOGE tokens. He stressed that this move is a clear indication of strong confidence in the market. Whales Scooping Dogecoin Dip For context, on Tuesday, the price of Dogecoin tanked to $0.2017, coming dangerously close to losing the $0.2 psychological level, which it has traded above since November 2024.  Notably, this downtrend began three weeks ago when Dogecoin reached a new 2025 high of $0.4335. It continued with consistent lower lows until the trend worsened on February 4. During this time, whales holding between 10 million and 100 million DOGE coins increased their holdings. Specifically, their portfolios grew from around 22.5 billion to 23.34 billion DOGE, adding approximately 750 million tokens. This accumulation took place in a single day, immediately after Dogecoin retested the $0.2 lows on February 4. Essentially, the whales saw the drop to $0.2 as an ideal entry point, positioning themselves for the next major rebound. The immediate impact of the buying pressure saw Dogecoin briefly bounce back to $0.2885 the same day before retracement continued.

Recall that higher tier Dogecoin whales, those holding 100 million to 1 billion tokens, had liquidated 270 million tokens two days ahead of the landslide crash. Their perfectly timed exit played out well, as they sold Dogecoin while it was trading in the $0.3 range. Now, they are buying back at the bottom around $0.2, suggesting a trend reversal could be imminent. DOGE Still Selling at Discount Meanwhile, at press time, Dogecoin has yet to fully recover from the Tuesday dip. At $0.2597, Dogecoin is selling at a 22% discount from the higher threshold it reached last week. Moreover, the current price reflects a more significant discount of 33% from its monthly high. How Soon Will Dogecoin Rebound? While Martinez is confident that the whale accumulation implies confidence in a turnaround, he offered no insight into where Dogecoin could target in the short term. Meanwhile, Analyst Cas Abbé suggested that the ongoing pattern looks very similar to Q3 2024, where a big crash was followed by a few weeks of consolidation.  He suggested that the ongoing ranging pattern could last a few weeks before a parabolic rally, where Dogecoin could pump 300% over a 4- to 6-week window, as seen late last year. "I think this time it won't be any different," he said.