The post DOGE Whale’s $145 Million Bet on Dogecoin, What’s Next? appeared first on Coinpedia Fintech News Dogecoin (DOGE), the popular and world’s largest meme coin by market cap, has broken out of its two-week-long consolidation streak below a crucial support level. This breakout and bullish sentiment emerged ahead of the inauguration of former United States President Donald Trump, scheduled for January 20, 2024 . Whale Buys 400 Million DOGE Amid this breakout, blockchain-based transaction tracker Whale Alert posted on X (formerly Twitter) that a crypto whale transferred a significant 400 million DOGE, worth $144.97 million, from Binance to an unknown wallet. This substantial withdrawal was made by the whale as the meme coin broke out of its consolidation zone. 399,999,999 #DOGE (144,917,041 USD) transferred from #Binance to unknown wallet https://t.co/vIMucAHYhv — Whale Alert (@whale_alert) January 3, 2025 Besides this recent purchase by the whale, today’s price surge suggests that investors may be dumping their holdings, potentially for profit booking, as revealed by the on-chain analytics firm Coinglass. Data from spot inflow/outflow indicates that exchanges have witnessed a significant $35.35 million worth of DOGE outflows in the past 24 hours. This is the first significant inflow exchanges have witnessed since December 11, 2024, a period during which investors and long-term holders appear to have accumulated DOGE during the market dip. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Solana Meme Coin Fartcoin Hit ATH With 70% Gain: Will It Hit $2 Next? , Dogecoin (DOGE) Technical Analysis and Upcoming Levels According to expert technical analysis, DOGE appears bullish following the recent consolidation breakout and is poised to continue its upward momentum. Based on recent price action and historical trends, there is a strong possibility that it could soar by 22% to reach the $0.47 mark in the coming days. Source: Trading View On the positive side, DOGE’s Relative Strength Index (RSI) currently stands below the overbought zone, indicating that the meme coin has enough room to continue its upward momentum. Will Dogecoin continue its rise or take a dip? Read Dogecoin price prediction to find out where it’s headed next! Current Price Momentum Currently, DOGE is trading near $0.382 and has experienced a price rally of over 12% in the past 24 hours. During the same period, its trading volume surged by 95%, indicating heightened participation from traders and investors compared to previous days. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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updateSubscriptionButton(); } } }); FAQs Will Dogecoin hit $5? Dogecoin will likely reach $5 in the next decade. Will the Dogecoin price hit $1 in 2025? According to our DOGE price prediction, the meme coin might hit a maximum of $1.07 in 2025. How high can the DOGE price go by the end of 2030? With a potential surge, the price may go as high as $3.035 by 2030. Is Dogecoin a good investment? Yes, Dogecoin might definitely be a good investment, if you are looking to invest for the long term.
