{"id":12037,"date":"2025-02-08T09:16:58","date_gmt":"2025-02-08T09:16:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=12037"},"modified":"2025-02-08T09:16:58","modified_gmt":"2025-02-08T09:16:58","slug":"dogecoin-whales-keep-buying-but-doge-price-keeps-droping","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=12037","title":{"rendered":"Dogecoin Whales Keep Buying but DOGE Price Keeps Droping"},"content":{"rendered":"<div>\n<p><strong>TL:DR;<\/strong><\/p>\n<ul>\n<li>Dogecoin whales have gone on a real accumulation streak in the past few days, but the asset\u2019s price has yet to recover from the substantial losses charted on a weekly scale.<\/li>\n<li>Nevertheless, analysts remain bullish, predicting that DOGE has hit its low during this cycle and will bounce off soon.<\/li>\n<\/ul>\n<figure id=\"attachment_382480\" aria-describedby=\"caption-attachment-382480\" style=\"width: 1835px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-9.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-382480\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-9.png\" alt=\"DOGEUSD. Source: TradingView\" width=\"1835\" height=\"819\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-9.png 1835w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-9-300x134.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-9-1024x457.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-9-768x343.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-9-1536x686.png 1536w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/BTCUSD-9-50x22.png 50w\" sizes=\"auto, (max-width: 1835px) 100vw, 1835px\"><\/a><figcaption id=\"caption-attachment-382480\" class=\"wp-caption-text\">DOGEUSD. Source: TradingView<\/figcaption><\/figure>\n<p>It wasn\u2019t all that long ago when DOGE\u2019s price stood well above $0.4. In fact, the last time the OG meme coin traded above that threshold was on January 21, when it briefly spiked above it.<\/p>\n<p>However, its downfall began immediately, and it has not touched that line ever since. The most substantial slump came during Monday morning\u2019s market-wide crash when all <a href=\"https:\/\/cryptopotato.com\/bitcoin-dominance-skyrockets-as-altcoins-bleet-out-market-watch\/\" data-wpel-link=\"internal\">crypto assets bled out<\/a>, and DOGE was among the poorest performers with a price dump to $0.2 (a two-month low).<\/p>\n<p>The market started its recovery shortly after, and Dogecoin even neared $0.3 on Tuesday but was quickly rejected and is down to under $0.25 as of now. This represents a 25% decline on a weekly scale.<\/p>\n<p>This substantial correction comes despite Dogecoin whales\u2019 behavior, which has been quite bullish. As <a href=\"https:\/\/cryptopotato.com\/dogecoin-whales-make-a-huge-move-is-doges-price-poised-for-a-rally\/\" data-wpel-link=\"internal\">reported<\/a> on Thursday, these large market participants had accumulated over 750 million DOGE during the crash.<\/p>\n<p>They kept buying in the following days and added another 100 million within a 24-hour period, thus further reducing the available supply.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Whales have accumulated another 100 million <a href=\"https:\/\/twitter.com\/hashtag\/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">#Dogecoin<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$DOGE<\/a> in the last 24 hours, signaling growing confidence and demand! <a href=\"https:\/\/t.co\/HKuseWubtN\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/HKuseWubtN<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1887869927995961775?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">February 7, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>None of those purchases have materialized in a price rebound yet. However, this hasn\u2019t deterred certain analysts from predicting a strong recovery, given DOGE\u2019s historical performance.<\/p>\n<p>Trader Tardigrade <a href=\"https:\/\/x.com\/TATrader_Alan\/status\/1887407140169785496\" data-wpel-link=\"external\" target=\"_blank\">said<\/a> the meme coin had copied its 2017 price movements, and it seems to have bottomed out, which could propel it toward a new all-time high soon.<\/p>\n<p>KrissPax acknowledged the substantial correction but said such moves occur every cycle and are to be expected. He noted that they tend to shake out weak hands but are actually \u2018excellent times to buy more on dips and prepare for what\u2019s coming.\u2019<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Big pullbacks in the Dogecoin price happen EVERY cycle. They shake out weak hands and completely sour market sentiment. Strong rebounds follow in overall bull markets. These pullbacks are excellent times to buy more on dips and prepare for what\u2019s coming. <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$DOGE<\/a> <a href=\"https:\/\/t.co\/xHywN9RWDa\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/xHywN9RWDa<\/a><\/p>\n<p>\u2014 KrissPax (@krisspax) <a href=\"https:\/\/twitter.com\/krisspax\/status\/1887885983107965423?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">February 7, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/dogecoin-whales-keep-buying-but-doge-price-keeps-droping\/\" rel=\"nofollow\">Dogecoin Whales Keep Buying but DOGE Price Keeps Droping<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL:DR; Dogecoin whales have gone on a real accumulation streak in the past few days, but the asset\u2019s price has yet to recover from the substantial losses charted on a weekly scale. Nevertheless, analysts remain bullish, predicting that DOGE has hit its low during this cycle and will bounce off soon. DOGEUSD. Source: TradingView It [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-12037","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12037"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/12037\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}