Dogecoin (DOGE) has made a fast start to 2025 as one of the most colorful and popular players in the cryptocurrency world. As we reported at Kriptokoin.com , Dogecoin, which started as a joke project, has become a serious investment tool over time. Now, the re-emergence of Dogecoin whales is creating a new wave of excitement among investors.
Dogecoin Whales Influence Price
Although cryptocurrencies promise a decentralized structure, in practice, sometimes the opposite happens. In Dogecoin, 37.08% of the total supply is controlled by only five large wallets. Moreover, one of these wallets alone owns 19.56% of the total supply. This makes the effect of whales on Dogecoin price movements impossible to ignore.
In 2024, Dogecoin showed an impressive performance, gaining 331.16% in value. However, this growth did not occur in a completely straight line. After peaking at $ 0.4665 in December , DOGE fell 32.22% to $ 0.31616 by the end of the year. Fortunately, with the start of the new year, signs of recovery came and DOGE rose to $ 0.36256.
Whale Purchases Give Hope
As we enter 2025, the re-activity of Dogecoin whales has revived the market. According to data from famous crypto analyst Ali Martinez , whales bought a total of 1.08 billion DOGE between January 1-2. This movement shows that whale activity, which slowed down especially in December, has accelerated again.
These purchases by whales are a strong sign of confidence for investors. Analysts say that Dogecoin price could first reach the $0.42 resistance level, then rise to $1 and even higher in the long term. Some experts say that Dogecoin’s popularity is now growing organically. They also think that the influence of names like Elon Musk is gradually decreasing.
Technical Indicators and Long-Term Forecasts
Technical analysts also see promising signs for DOGE. The analysis indicated that DOGE has broken out of a downtrend and is starting to recover. It also reveals that there is significant resistance at $0.42. Famous analyst Trader Tardigrade suggested that the long-term target for Dogecoin would be $3.20. TradingShot said that $1.50 is the target for the first quarter of this year.
With the potential indicated by both whale movements and technical analysis , Dogecoin could attract attention again in 2025. Especially if the price increase continues, there could be a golden age for DOGE once again.
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