Dogecoin Whale Activity Surges to Six-Month High, Santiment Reports

Highlights:

• Dogecoin whale activity has jumped to a high within the past 6 months.
• Large wallets now hold a record level of 108.52 billion DOGE coins.
• The memecoin has broken out of a consolidation range and is moving toward a key resistance level.

Santiment, a leading on-chain analytics firm, has reported that Dogecoin recorded a sharp rise in whale activity, with large transactions reaching a six-month high. The network processed 739 transfers above $100,000 in one day, the highest level recorded in six months. These transactions show that large Dogecoin holders increased activity during the recent price movement. Whale transfers of this size often signal early positioning before broader market participation.

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Dogecoin price increased by 14% over the past ten days as whale transactions rose alongside the price movement. Santiment linked the price increase to consistent growth in large transfers across the network. The alignment between Dogecoin’s price and transaction data indicates that whales accumulated tokens in a structured manner during the rally.

Whale Wallets Reach Record Holdings as Accumulation Deepens

Whale wallets maintained consistent transaction activity during the February to April consolidation period before the current price move. Santiment data shows that 149 wallets holding at least 100 million DOGE each now control a large share of Dogecoin supply. These wallets collectively hold 108.52 billion DOGE, which marks an all-time high in whale accumulation. At current market prices, this amount stands at approximately $11.6 billion.

The wallets accumulated Dogecoin while the price remained stable between February and April, which reflects long-term positioning. Large Dogecoin holders did not reduce their positions as the price increased, which shows continued confidence in the upward trend.

Meanwhile, the demand for Dogecoin is rising across spot and derivatives markets alongside increased whale activity. CoinGlass data shows that DOGE futures open interest increased by 3.53% to $1.67 billion. At the same time, futures volume dropped by 54.98% to $3.13 billion, which indicates reduced short-term trading activity. This combination shows that traders are building positions without aggressive turnover.

Options market data shows that volume increased by 190.07% while open interest rose by 80.06% to $2.13 million. This increase followed the recent price breakout. Liquidation data shows that short positions recorded $3.37 million in losses within 24 hours. Long liquidations reached $1.70 million during the same period, which shows higher pressure on sellers.

Positioning data shows that the long/short ratio stands at 0.9482 across the market. Binance top traders hold a long ratio of 2.7131, while OKX accounts show a ratio of 2.01. Funding rates remain positive at 0.0013%, down from 0.0057% earlier. Open interest remains below the November peak near $6 billion, which shows room for further buildup.

Dogecoin Breaks Out of Range and Targets Key Resistance Level

Dogecoin is trading at $0.1080, a 1.32% increase in the past day. However, the trading volume is down 50.5% to $2 billion, while the market cap stands at $18.33 billion.

Dogecoin has broken out of a long consolidation phase on the daily chart. The price held strong support at $0.089 and formed a clear base over several weeks. Buyers defended this level multiple times between February and April.

The next resistance sits near $0.148, which capped rallies in December and January. The price is now approaching this level with steady strength. A move above $0.148 could see the price of DOGE move towards $0.19975. However, a rejection at this level could trigger a pullback toward the $0.089 support area despite the rising Dogecoin whale activity.

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