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Dogecoin Whales Accumulate 4.72 Billion DOGE Amid Price Decline
Dogecoin's largest non-exchange holders have increased their accumulation significantly in early November, despite a subdued price. A Santiment chart shared by analyst Ali Martinez shows:
- From August 11 to November 12, 2025, addresses holding 100 million to 1 billion DOGE added approximately 4.72 billion DOGE.
- This increase brings the total holdings of these "whale" addresses to about 32.4 billion DOGE.
The price action for DOGE in this period includes:
- A decline from a mid-September high of around $0.30, with lower highs into early October.
- A sharp drop in mid-October and a weak rebound into early November.
- By November 12, DOGE's price was around $0.175, below its September peak.
The divergence between price and holdings suggests that large holders see value in accumulating DOGE despite recent lows. The key price levels noted are:
- Mid-September high near $0.30
- Late-October low near $0.16
On the weekly DOGE/USDT chart, the price is currently below a significant trendline and other resistance levels:
- Current price: ~$0.1766
- Resistance at $0.2136 (Fibonacci retracement) and 20/50-week EMAs clustered near $0.2111–$0.2102
- Support at the 200-week EMA ($0.1563) and major horizontal support ($0.1299)
Until DOGE reclaims the former uptrend line on a weekly basis, the chart structure remains bearish with resistance levels ahead, including Fibonacci checkpoints at $0.2654, $0.3073, $0.3492, and $0.4089.
