{"id":364261,"date":"2025-02-01T12:43:31","date_gmt":"2025-02-01T07:13:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/dogecoin-whales-bag-600m-tokens-is-doge-to-1-inevitable-crypto-news\/"},"modified":"2025-02-01T12:53:31","modified_gmt":"2025-02-01T07:23:31","slug":"dogecoin-whales-bag-600m-tokens-is-doge-to-1-inevitable-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/dogecoin-whales-bag-600m-tokens-is-doge-to-1-inevitable-crypto-news\/","title":{"rendered":"Dogecoin Whales Bag 600M Tokens, Is DOGE To $1 Inevitable? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Dogecoin whales again captured noteworthy market attention on Saturday, reflecting a highly bullish sentiment despite broader market volatility. Recent on-chain data revealed that whales accumulated nearly 600 million Dogecoin, signaling a potential rally for DOGE price to $1. Further, in the wake of Grayscale\u2019s new DOGE-backed Trust\u2019s launch, investor sentiments surrounding the meme-themed asset have undergone a paradigm bullish shift.<\/p>\n<h2>Dogecoin Whales On Buying Spree Signal Bullish Move Ahead<\/h2>\n<p>In an X post by renowned <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/ali_charts\/status\/1885448724316307531\" target=\"_blank\">crypto analyst Ali Martinez<\/a> on February 1, it was spotlighted that Dogecoin whales purchased 560 million tokens in the past week. This massive buying signals heightened market confidence in the asset.<\/p>\n<figure id=\"attachment_236661\" aria-describedby=\"caption-attachment-236661\" style=\"width: 646px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-236661\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2025\/02\/Screenshot-2025-02-01-at-12.01.30\u202fPM.png\" alt=\"Dogecoin whale activity\" width=\"646\" height=\"288\"\/><\/noscript><figcaption id=\"caption-attachment-236661\" class=\"wp-caption-text\">Source: Ali Charts, X<\/figcaption><\/figure>\n<p>Notably, the analyst reveals that the buying spree follows an intense sell-off recently, thus flagging renewed interest among large-scale investors. As a response, broader market participants anticipate a bullish move ahead, primarily amid rising demand and buying pressure. Further, it\u2019s also worth pointing out that CoinGape previously highlighted <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/dogecoin-whales-buy-460m-doge-sparking-optimism-whats-next\/\" target=\"_blank\" rel=\"noopener\">rising DOGE whale accumulations<\/a>.<\/p>\n<h2>Grayscale\u2019s New Trust Launch Solidifies Market Optimism<\/h2>\n<p>Meanwhile, the launch of <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/just-in-grayscale-launches-dogecoin-trust-doge-etf-next\/\" target=\"_blank\" rel=\"noopener\">Grayscale\u2019s Dogecoin Trust<\/a> has offered additional market support to the dog-themed meme crypto. The launch of a traditional financial investment product backed by a meme-themed asset paves the way for further money inflow into the crypto\u2019s ecosystem.<\/p>\n<p>Simultaneously, it\u2019s also worth mentioning that asset management company <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitwise-files-s1-for-dogecoin-etf-with-us-sec\/\" target=\"_blank\" rel=\"noopener\">Bitwise submitted S-1 filing for a DOGE ETF<\/a> previously. Overall, these recent endeavors, pushing the meme coin as a traditional investment product, have cemented investors\u2019 bullish outlook for the token.<\/p>\n<h2>Is Dogecoin To $1 Run Inevitable Amid Rising Whale Buying &#038; Market Support?<\/h2>\n<p>At the time of reporting, DOGE price continued showcasing a sideways trading session, exchanging hands at $0.3277. The crypto\u2019s 24-hour low and high were $0.3243 and $0.3407, respectively. Amid the abovementioned bullish news surfacing across the market, intraday trading volume for the asset rose by 36% to $1.57 billion.<\/p>\n<p>Market watchers continue to anticipate further gains amid rising Dogecoin whale accumulations and broader developments. A recent <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/can-dogecoin-price-hit-1-post-grayscale-trust-launch\/\" target=\"_blank\" rel=\"noopener\">Dogecoin price analysis<\/a> by CoinGape revealed that the new Trust launch and ETF filing further amplify the token\u2019s potential to hit $1. However, it\u2019s worth mentioning that the coin must clear the $0.35 level promptly for further upside actions. The latest macroeconomic events, such as unchanged rates this FOMC and rising PCE inflation YoY, present the crypto market with uncertainty.<\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new wp_new\" aria-label=\"whatsapp\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/dogecoin-whales-bag-600m-tokens-doge-price-surge-to-1-imminent\/\" target=\"_blank\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow\" target=\"_blank\" class=\"social-text_new tw_new_logo\" aria-label=\"Twitter\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/dogecoin-whales-bag-600m-tokens-doge-price-surge-to-1-imminent\/\" target=\"_blank\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; 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Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"authorBoxnew newauthordesign\">\n<div class=\"author_Ndata d-flex align-items-center mb-2\">\n<div class=\"author_Image\">\n                                           <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/452042cc86ff4d4cff7e64f282bd5358?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                  <\/div>\n<p>Coingape Staff  <\/p>\n<\/p><\/div>\n<p>CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.                     <\/p>\n<\/p><\/div>\n<p>Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/5-important-highlights-from-the-recent-fed-meeting\/?utm_source=post&utm_medium=web-story\" target=\"_blank\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" 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Recent on-chain data revealed that whales accumulated nearly 600 million Dogecoin, signaling a potential rally for DOGE price to $1. Further, in the wake of Grayscale\u2019s new DOGE-backed Trust\u2019s launch, investor sentiments surrounding the meme-themed asset have [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":273862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-364261","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/364261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=364261"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/364261\/revisions"}],"predecessor-version":[{"id":364276,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/364261\/revisions\/364276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/273862"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=364261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=364261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=364261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}