Dogecoin Price Eyes Breakout As Whales Bag 1Billion DOGE
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 16 2025Dogecoin Price Surge Potential: Dogecoin's price is expected to rise due to significant whale accumulation, with over 1 billion DOGE purchased recently and a surge in daily active addresses by 800%, indicating strong market confidence. Technical indicators suggest a potential rally towards $0.40 if key resistance levels hold.
Market Developments and ETF Impact: The SEC's acknowledgment of a Dogecoin ETF filing has spurred increased network activity, reaching the highest transaction levels since November 2024. Additionally, Coinbase's upcoming cbDOGE product is anticipated to enhance the token's utility within decentralized finance applications.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
