Dogecoin Whales Go Nuts, But Will It Break Out? 🐶🚀

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  • DOGE whale accumulation surged 112%, showing renewed confidence despite modest price gains.
  • Futures Funding Rates remain positive, showing traders are still betting on a breakout.

Hold onto your leashes, folks! Dogecoin [DOGE] is back on the radar of major investors. Whale accumulation has jumped by 112% over the past week, a mammoth rise in interest from large holders.

Meanwhile, Futures traders are doubling down on long positions, showing strong conviction even as DOGE trails behind the broader crypto rally.

However, the memecoin has gone up 5% in the last 24 hours, hinting at early signs of momentum building.

Whales make waves as netflow surges

According to Dogecoin’s Netflow per IntoTheBlock, large holders jumped 111.97% in the past week.

Large holders — wallets that control more than 0.1% of DOGE’s circulating supply — have significantly increased their accumulation.

This sharp reversal marked a renewed appetite for DOGE among heavyweight investors, despite its modest price structure.

In fact, this Netflow pivot echoed trends seen during earlier accumulation phases in 2021.

Futures traders turn bullish

Moving to the Futures market, Funding Rates stayed positive, with DOGE’s OI-Weighted Funding Rate hovering near 0.0086% and peaking around 0.01% on the 6th of July.

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While recent green candles show price resilience, DOGE still needs a decisive move above the $0.18 resistance zone to confirm a bullish breakout.

Overall, price action is slowly aligning with whale and derivatives optimism, but a stronger push is still needed.

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2025-07-07 17:47