Dogecoin jumps 23% as whales stay quiet — Why that matters for DOGE

AMBCrypto2026/01/08 11:03

By:AMBCrypto

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Dogecoin has been sprinting this week! After a mild pace in late 2025, the memecoin is suddenly up and lively. So what flipped the switch this time?

Dogecoin wakes up!

Price pushed higher, breaking out of its recent range before slowing down near the $0.15 zone. The rally was backed by a spike in trading volume, so this wasn’t just air.

Dogecoin jumps 23% as whales stay quiet — Why that matters for DOGE image 0

Source: TradingView

RSI indicated bullish interest with minimal immediate exhaustion.

The MACD flipped positive, so the change in short-term trend after weeks of hesitation is confirmed. That said, Dogecoin [DOGE] remained below its longer-term MAs, so the market is still deciding whether this move will hold.

Whales and sellers are all quiet

Dogecoin’s rally didn’t fight heavy resistance from large holders.

Wallets holding between 100 million and 1 billion DOGE stayed relatively stable, while mid-sized holders showed only minor changes. There’s no sign of whales rushing to take profits.

Dogecoin jumps 23% as whales stay quiet — Why that matters for DOGE image 1

Source: Santiment

At the same time, Mean Dollar Invested Age continued to climb. Fewer older coins being spent usually means lesser selling pressure.

Dogecoin jumps 23% as whales stay quiet — Why that matters for DOGE image 2

Source: Santiment

The result is an environment for the price to move higher. With holders largely staying put, DOGE has room to run once buying momentum picks up.

The hype is REAL!

Over the past week, Social Volume picked up greatly, so the rally didn’t happen out of the blue. Mentions rose as DOGE joined the memecoin revival that’s been pulling attention back toward the sector.

Dogecoin jumps 23% as whales stay quiet — Why that matters for DOGE image 3

Source: Santiment

Interest across memecoins like Pepe [PEPE], Popcat [POPCAT], and Mog Coin [MOG], with the sector’s market cap climbing after a bruising 2025. This is important because when memecoin chatter heats up, capital often follows.

While Social Dominance hasn’t exploded yet, there’s definitely growing awareness. If this attention continues to build, it could give DOGE the extra push needed to extend its move… at least, for now.

Final Thoughts

Dogecoin’s rally has real legs and not just buzz.
The surge may persist if demand remains high.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Bitget•2026/09/21 06:38