Dogecoin (DOGE) has nudged up by 3%, marking a notable rise in the past 24 hours, largely fueled by substantial whale activity. As of today, August 11, 2025, DOGE has climbed from $0.23 to $0.24, with a significant price leap occurring in the early hours. Between 01:00 and 02:00, the coin saw a surge from $0.23 to $0.24, driven by a trading volume of 829.05 million — more than double the daily average. This upward momentum is part of a broader trend among institutional investors seeking refuge in cryptocurrencies amid global economic uncertainties.
Whale Influence and Market Dynamics
The recent rally in DOGE is not just a flash in the pan; it’s a response to increased whale activity, with large investors accumulating over 1 billion tokens valued at approximately $200 million. This accumulation is taking place against a backdrop of global trade policy shifts and rising geopolitical tensions. Such macroeconomic factors have prompted investors to diversify their portfolios, with cryptocurrencies, including meme coins like DOGE, becoming attractive hedging instruments. This trend mirrors recent events where a Bitfinex whale bought 300 $BTC per day during a market crash, highlighting the strategic moves by large investors in volatile times.
A senior market analyst at CryptoDynamics, Lisa Tran, offers insight into this trend: “The significant whale accumulation in DOGE suggests a strategic long-term play rather than mere short-term speculation. These investors are banking on DOGE as a potential store of value amid economic turbulence.”
Technical Indicators and Market Sentiment
From a technical perspective, DOGE faces resistance at the $0.24 mark, following a high-volume rejection. However, support has been solidified in the $0.23-$0.232 zone, indicating a consolidation phase that could precede a breakout if resistance is breached. The trading community has taken note of the elevated volume and the higher lows pattern, both of which signal a bullish continuation setup.
Volume trends have been pivotal, as the breakout hour’s volume was 148% higher than the 24-hour average. This spike in trading activity suggests a keen market interest in DOGE’s potential upside, with traders watching closely for a confirmation above $0.24. Should this occur, an advance towards the $0.25-$0.26 range appears plausible. This follows a pattern seen in the Dogecoin futures spike on Coinbase, where heightened interest led to significant trading volume increases.
Navigating Economic Uncertainty
The macroeconomic landscape remains a crucial factor in DOGE’s recent performance. With monetary policymakers keeping a close eye on inflation expectations and interest rate outlooks, cryptocurrencies are emerging as an appealing asset class for institutional players looking to mitigate risk. The ongoing trade disputes and fluctuating rate expectations have underscored the need for uncorrelated hedges, with DOGE fitting the bill for some investors.
However, the sustainability of this trend raises questions. Can DOGE maintain its upward trajectory amid such economic volatility? “The key lies in sustained whale interest and broader acceptance of crypto as a viable alternative asset,” says Tran. “If macroeconomic conditions continue to favor diversification, DOGE could see further gains.”
Looking Ahead
As we move through August 2025, the cryptocurrency market remains on edge, with DOGE traders vigilant for signs of a breakout. The persistence of whale accumulation and the impact of global trade policy changes are likely to influence sentiment and price action in the coming weeks. Whether DOGE can overcome its current resistance and push towards new highs is a narrative still unfolding.
In this environment, the crypto community remains divided. Some see DOGE as a fleeting trend, while others view it as a legitimate player in the digital asset space. As always, the market’s unpredictability keeps traders on their toes, eagerly anticipating the next move.
Source
This article is based on: $200M Whale Purchases Propel DOGE 3% Higher in Breakout Session
Further Reading
Deepen your understanding with these related articles:
- What Did Crypto Whales Buy and Sell During the Weekend?
- Dogecoin Price Is Approaching 4HR RSI Level That Triggered Previous 70% Rally
- Forget New Tokens—Why Murad Mahmudov is Betting on Older Meme Coins?
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
