Dogecoin (doge) whales are going crazy: income from more price rally?

Tl; Dr.

• In the past week, whales issued more than $ 480 million to gather a considerable number of doge tokens.
• Analysts such as Altcoin Sherpa and Kaleo provided a strong rally, with goals including a new ATH and even $ 6.94; The RSI van Doge has cooled from overboughtes (80) to 54, making it possible for further profit.

They know something that we don’t do?

The popular X user Ali Martinez unveiled That large Dogecoin investors, in particular those of 100 million and one billion coins, have bought two billion doge in the last seven days alone.

The USD equivalent of the picked up amount is almost $ 500 million, while those whales increased their total assets to 27.6 billion tokens, or approximately 18.3% of the circulating range of the meme currency.

Did acted rather Well, in the past week, with its price rises by 17% to the current $ 0.24. The massive accumulation of the large investors ensured that some speculated that they may have internal information about an important Development that could cause extra profit.

“2b doge in 7 days? Or they know something we don’t… Or we are about to discover the hard way,‘ One X user responds to the message said.

The potential approval of the first place Doge ETF in the US. is expected To have a positive effect on the price, and one can assume that this is what the whales are waiting for. According to polymarket, the chances for a green light are at 61% before the end of 2025 thatIn reality, marks one serious Decrease in the 79% observed on August 10th.

The following goals

The crypto community corpses Quite optimistic about the And Meme Coin, who proposes an impressive rally in the short term. X user Altcoin Sherpa believes: “The area is finally pretty good to walk soon.‘

The analyst predict That doge would rise to a new of all time as soon as Bitcoin (BTC) does this. It is important to notice that a few hours ago, the the biggest Cryptocurrency rise to A fresh record of more than $ 124,000So It will be interesting to see if the And Angle will follow his steps.

Kaleo is also very bullish, row The Doge/BTC graph looks like “It is ready to make the same type of relocation” in January 2021. The analyst thinks It’s just a matter of time before companies start buy Billions of Dollars from the Meme Munt, with $ 6,9420 as a target.

In the meantime, Doge’s RSI (relative strength -index) is now longer in Bearish territory, slips from more than 80 on August 9 to the current 54. Usually lectures past 70 suggest that it is active overbough and could are on their way to a pullback while something Under 30 can be interpreted Like a bullish signal.