{"id":20170,"date":"2025-04-02T10:01:52","date_gmt":"2025-04-02T10:01:52","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20170"},"modified":"2025-04-02T10:01:52","modified_gmt":"2025-04-02T10:01:52","slug":"heres-how-much-dogecoin-whales-purchased-in-march-is-doge-poised-for-a-rally","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20170","title":{"rendered":"Here\u2019s How Much Dogecoin Whales Purchased in March: Is DOGE Poised for a Rally?"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\"> Despite a 25% monthly price drop, large investors bought over $37M worth of DOGE, which suggests that they could be building their positions for potential upcoming gains.<\/span><\/li>\n<li>However, hopes for a boost from Elon Musk faded after he clarified that the Department of Government Efficiency (D.O.G.E.) has no plans to adopt the meme coin.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE_CB-4.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-390370\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE_CB-4.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE_CB-4.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE_CB-4-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE_CB-4-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE_CB-4-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE_CB-4-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Massive Whale Buys Last Month<\/h2>\n<p><span data-preserver-spaces=\"true\">The <\/span><span data-preserver-spaces=\"true\">biggest<\/span><span data-preserver-spaces=\"true\"> meme coin in <\/span><span data-preserver-spaces=\"true\">terms of<\/span><span data-preserver-spaces=\"true\"> total market capitalization witnessed enhanced volatility throughout March, with its price ranging from $0.14 to almost $0.25. <\/span><span data-preserver-spaces=\"true\">Currently,<\/span><span data-preserver-spaces=\"true\"> it trades at around $0.17, representing a 25% decline on a 30-day scale.<\/span><span data-preserver-spaces=\"true\"><br \/>\n<\/span><\/p>\n<figure id=\"attachment_390366\" aria-describedby=\"caption-attachment-390366\" style=\"width: 579px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE-Price.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-390366\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE-Price.png\" alt=\"DOGE Price\" width=\"579\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE-Price.png 1052w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE-Price-300x207.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE-Price-1024x708.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE-Price-768x531.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/DOGE-Price-50x35.png 50w\" sizes=\"auto, (max-width: 579px) 100vw, 579px\"><\/a><figcaption id=\"caption-attachment-390366\" class=\"wp-caption-text\">DOGE Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Whales seem unfazed by this turbulence, and they increased their holdings during that timeframe. The X user Ali Martinez <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1907085292781355083\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">revealed<\/span><\/a><span data-preserver-spaces=\"true\"> that these investors ended the month with net purchases of over 220 million DOGE, which equals more than $37 million (calculated at current rates).\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He pointed out that whales now own approximately 10.52 billion tokens, constituting roughly 7% of Dogecoin\u2019s circulating supply.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">When such large investors buy substantial amounts of DOGE, they effectively decrease the available <\/span><span data-preserver-spaces=\"true\">number of<\/span><span data-preserver-spaces=\"true\"> tokens on the open market. If demand remains constant or increases, this reduction can lead to upward pressure on the price. \u200b<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Such actions can also <\/span><span data-preserver-spaces=\"true\">be interpreted<\/span><span data-preserver-spaces=\"true\"> as a signal of confidence in the asset\u2019s future performance, which could<\/span><span data-preserver-spaces=\"true\">\u00a0encourage additional buying from retail investors, further <\/span><span data-preserver-spaces=\"true\">driving up<\/span><span data-preserver-spaces=\"true\"> the valuation.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Musk\u2019s Recent Comments<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Elon Musk\u2019s\u00a0<\/span><span data-preserver-spaces=\"true\"><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">entry into the US political scene several months ago triggered huge enthusiasm among DOGE proponents. Tesla\u2019s CEO was\u00a0<a href=\"https:\/\/cryptopotato.com\/trumps-d-o-g-e-promises-to-slash-bureaucracy-heres-what-you-need-to-know\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">appointed<\/a> to lead the newly established\u00a0<\/span>Department of Government Efficiency (D.O.G.E.).\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The division has the same abbreviation as the popular meme coin, while the billionaire is <\/span><span data-preserver-spaces=\"true\">known as<\/span><span data-preserver-spaces=\"true\"> a firm supporter of the latter.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">And while the crypto community expected some <\/span><span data-preserver-spaces=\"true\">kind of<\/span><span data-preserver-spaces=\"true\"> endorsement, Musk\u2019s recent comments poured cold water on such hopes.<\/span><span data-preserver-spaces=\"true\"> He <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/is-this-the-final-chapter-for-dogecoins-bull-run-assessing-musks-recent-comments\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">said<\/span><\/a><span data-preserver-spaces=\"true\"> the US government has no plans to use DOGE in any form.<\/span><\/p>\n<blockquote>\n<p><span data-preserver-spaces=\"true\">\u201cThey happen to be similar names, but really, we\u2019re <\/span><span data-preserver-spaces=\"true\">literally<\/span><span data-preserver-spaces=\"true\"> just trying to make the government 15% more efficient,\u201d he added.<\/span><\/p>\n<\/blockquote>\n<p><span data-preserver-spaces=\"true\">That said, bulls will have to wait for other catalysts that could push the price up <\/span><span data-preserver-spaces=\"true\">in the near future<\/span><span data-preserver-spaces=\"true\">. One example is the potential approval of a spot DOGE ETF in America. Grayscale, Bitwise, and Osprey Funds are some of the firms that have submitted applications to launch this type of product. The chances of a green light before the end of the year are currently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/polymarket.com\/event\/doge-etf-approved-in-2025?tid=1743578613581\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">projected<\/span><\/a><span data-preserver-spaces=\"true\"> to be just below 70%.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/heres-how-much-dogecoin-whales-purchased-in-march-is-doge-poised-for-a-rally\/\" rel=\"nofollow\">Here\u2019s How Much Dogecoin Whales Purchased in March: Is DOGE Poised for a Rally?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Despite a 25% monthly price drop, large investors bought over $37M worth of DOGE, which suggests that they could be building their positions for potential upcoming gains. However, hopes for a boost from Elon Musk faded after he clarified that the Department of Government Efficiency (D.O.G.E.) has no plans to adopt the meme coin. [&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-20170","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\/20170","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=20170"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20170\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}