Usman Salis
⬤ Dogecoin whales made a dramatic move over the past 48 hours, scooping up 480 million DOGE as the price started showing signs of stabilization. Data shared by reveals this sudden surge in large holder activity comes right as the meme coin begins recovering from a rough late November slide. The price chart shows DOGE climbing back toward $0.15 while wallets holding between 1 million and 100 million tokens finally reversed their month-long downtrend.
⬤ Looking at the bigger picture, both price and whale holdings took a beating from mid-October through November's end. DOGE tumbled from above $0.18 down to around $0.135, and large holders were selling right alongside the drop. But the last two days tell a different story—whale wallets are loading up again for the first time in weeks while price has bounced back into the $0.14-$0.15 range.
⬤ The recovery hasn't been smooth sailing though. DOGE is still trading well below its early October levels and the price action remains choppy with sharp swings in both directions. What stands out is the complete reversal in whale behavior—these major holders went from consistent selling throughout November to aggressive buying in just 48 hours. The data doesn't predict where price goes next, but it does show a clear change in strategy from one of the market's most influential groups.
⬤ Why does this matter? Whale accumulation typically signals shifting market dynamics and can impact liquidity conditions across the board. When big players start building positions during price stabilization, it often hints at changing sentiment beneath the surface. The 480 million DOGE absorption by whales gives traders a concrete datapoint to watch as Dogecoin works through its current volatility and finds its footing in the short term.
Usman Salis
