DOGE Whales Accumulate 2B Tokens, Analysts Predict 800% Price Surge

Highlights:

• Dogecoin whales purchased 2 billion DOGE in 48 hours after the price drop.
• Analysts predict Dogecoin could surge 800% if historical cycles and patterns repeat successfully.
• Market sentiment is rising as the chances of a spot DOGE ETF approval hit 99% this month.

Whales recently purchased 2 billion Dogecoin (DOGE), putting the popular meme coin back in focus. However, its price slipped 5%, moving below $0.24 at the time of writing. Analysts see this as a potential setup for a major move, eyeing short-term targets near $0.78 and possible long-term growth of up to 800%.

Whale Activity Drives Significant DOGE Accumulation Recently

In the past 48 hours, wallets holding between 100 million and 1 billion Dogecoin bought approximately 2 billion tokens. Market analyst Ali Martinez reported this surge in whale activity using data from Santiment. The accumulation occurred during a brief price dip to around $0.245.

A similar pattern was observed earlier this year, when large purchases by whales were followed by price increases in July and September. Such activity is now drawing attention, as it appears to align with typical accumulation behaviors.

2 billion Dogecoin $DOGE bought by whales in 48 hours! pic.twitter.com/JdOqNIy8fn

— Ali (@ali_charts) September 24, 2025

Analysts Signal Potential Breakout and Strong Uptrend

Crypto analysts see a possible breakout for Dogecoin from past patterns and indicators. Javon Marks noted DOGE might surge 195%, hitting a new high above $0.73905. He highlighted past rallies that occurred under similar market conditions.

Per historical trends, up next for $DOGE is a more than 195% move to new all time highs ($0.73905+), MINIMUM! pic.twitter.com/nfjPRCu5H9

— JAVON⚡️MARKS (@JavonTM1) September 24, 2025

Meanwhile, crypto analyst Bitcoinconsensus noted that if whale buying continues, DOGE could test resistance between $0.30 and $0.35. Breaking above $0.35 might push the price toward $0.78. The analyst also highlighted that DOGE has historically followed cycles of 300% to 500% rallies. The current setup suggests Dogecoin’s next move could be even stronger. If similar patterns repeat, it could surge up to 800%, reaching around $1.30.

$DOGE Setting Up for Next Explosive Move? 🐶🚀

Dogecoin follows a repeating structure:

📈 300% ➡️ 500% ➡️ now targeting 800% rally

🔍 Price bouncing off ascending trendline support

🎯 Target = ~$1.30 if pattern repeats again!

History rhyming or just hype?#DOGE #Crypto pic.twitter.com/7YqF4YMQa0

— Bitcoinsensus (@Bitcoinsensus) September 24, 2025

Adding to the technical outlook, analyst Batman pointed to a chart formation where DOGE is trading at the intersection of two trendlines. One line was a downward trend that has now turned into support. The other is a rising line that has been holding the price since last year. This convergence strengthens the possibility of a bullish move if current patterns hold. 

The trendline intersection is near $0.246, where DOGE recently found support. Historically, moves from this level have often led to upward momentum. If this support holds, DOGE could attempt a move back toward $0.30. However, a breakdown below this level would put the current trend at risk.

$DOGE is at an important intersection point.

A mix of the bearish trendline-turned-support and the previous bullish trendline.

Double confluence in one spot, should hold strongly. pic.twitter.com/aXRKpHek4f

— BATMAN ⚡ (@CryptosBatman) September 24, 2025

Spot Dogecoin ETF Developments Boost Market Optimism

Analyst optimism about DOGE is also motivated by the potential upcoming DOGE ETF. There was a recent filing and attainment of the DTCC listing by 21Shares. Process now involves public comments and regulatory reactions. The US SEC will make the final decision. The Rex-Osprey Dogecoin ETF (DOJE) launched last week, boosting market sentiment.

Data from Polymarket shows a 99% chance of spot DOGE ETF approval, up 22% this month. Recent approval of crypto ETF listing rules by the US SEC makes a launch even more likely. Crypto ETFs meeting these standards can now list and trade without filing Form 19b-4.