New reports show a significant 1,645% surge in whale activity around Dogecoin (DOGE), signaling growing interest and momentum for the dog-themed meme coin. Amidst this bullish development, a crypto analyst has confirmed that the Dogecoin bull market is already underway, kicking off even earlier than the post-Bitcoin (BTC) halving the last bull run in 2021.  

Dogecoin Whale Activity Soars

Dogecoin whales are now on the move, taking advantage of stable market conditions to accumulate as many tokens as possible. According to data from IntoTheBlock, whale activity saw a massive rise in volume in just one day, with the total large holders’ inflow skyrocketing from 133.08 million DOGE tokens on October 11 to 405.82 million DOGE on October 12. This substantial figure denotes that whale activity jumped over 3X in just a day. 

Within the same time range, IntoTheBlock reported that the total large holders netflow for Dogecoin rose from 22.35 million to 367.82 million in a day, representing a 1,545% increase. Even more interesting is that these large holders which hold about 0.1% of Dogecoin’s overall circulating supply have seemingly stopped selling off their DOGE tokens and are on a major accumulation spree. 

Total large holder outflows dropped by a whopping 65.45% in the course of a day. On October 11 outflows had risen as high as 110.72 million and then declined to 38 million o

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Author: Scott Matherson