Dogecoin’s price is predicted to experience a massive rally in the crypto market, but its recent price trend continues to raise concerns amongst investors. As whales’ activity in the network increases, a new panda meme coin, Panshibi, is gaining the attention of many investors. More features of this new coin are discussed in this article.

Dogecoin whales purchase up to 560 million Doge in a week

Recent analysis from experts suggest Dogecoin’s biggest investors are back in the game. Reports from various analysts show that these investors are adding significantly to their Dogecoin holdings. Transactions higher than $100,000 have increased recently, indicating a strategic gobbling up of the asset amongst investors. 

Popular analyst, Ali Martinez, spoke about Dogecoin’s price on his X account on January 31st. He disclosed that whale investors have gathered 560 million DOGE tokens in seven days. This marked increase in whales activity occurred after the crypto market saw a prolonged reduction in price. The increase in whales activity also points to the fact that many investors are choosing to liquidate their tokens to make profit – all due to bearish movement of Dogecoin’s price. 

The bearish momentum and unprecedented reduction in price has caused Dogecoin’s market to experience a significant sell off. With whale investors getting back in action, experts predict some positive changes in the long run.

Experts predict Dogecoin price to experience significant rally

With the recent increase in whales’ activity, experts suggest the drop in Dogecoin price is in preparation for a significant rally. Popular crypto analyst and trader, Tardigrade, recently shared a price chart, showing previous trends when Dogecoin increased to new marks. 

Experts believe the coin’s recent price trend is similar to these previous trends, so investors could be experiencing significant gains in the near future. Like in 2017, when Dogecoin’s price went to its highest level, Tardigrade believes the same thing could happen in 2025. Experts also predict an imminent increase of ATH to $3.80.

Dogecoin whales and the new panda meme, Panshibi

Without any doubt, Dogecoin continues to dominate the meme coin section of the crypto world. It has grown from being a mere meme to a major cryptocurrency. But its recent price trend raises concern amongst major investors. As wh

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Author: Crypto Daily