5 May | Other

Whales accumulation indicates cautious optimism on Dogecoin — Coinotag

Whales accumulation indicates cautious optimism on Dogecoin — Coinotag

Recent trends in the Dogecoin market reveal cautious optimism among bulls, as major investors continue to accumulate tokens amid declining trading volumes. According to a recent Coinotag report, whale holdings increased significantly by $17.5 million due to the addition of 100 million DOGE tokens.

Despite changes in trading volumes, the renewed interest in the cryptocurrency among major investors indicates the potential resilience of the coin, Coinotag says.

Dogecoin's market capitalization has fluctuated significantly. Since April 6, it has grown from $21 billion to $26.4 billion. However, this value contrasts with realized capitalization, which fell from $21.5 billion to $21.3 billion. The realized cap reflects the total value of all coins based on their last price recorded during on-chain movement. This means that although DOGE's value is growing, it is probably influenced more by speculative transactions than by solid investments from whales, Coinotag experts conclude.

According to the news portal, daily active addresses have fallen 3.4% since November 2022. This emphasizes subdued market sentiment around Dogecoin.

Elena Berseneva MarketCheese
Period: 10.07.2025 Expectation: 1200 pips
Selling USDJPY during rebound with 142.430 target
Yesterday at 10:33 AM 35
Period: 11.07.2025 Expectation: 220 pips
Heatwaves across Europe and US support gas price recovery from recent lows
Yesterday at 09:27 AM 59
Period: 08.07.2025 Expectation: 1500 pips
EURUSD rally faces potential correction toward 1.165
02 July 2025 64
Period: 09.07.2025 Expectation: 1400 pips
USDCAD declines amid US dollar weakness and improving Canadian trade prospects
02 July 2025 43
Period: 08.07.2025 Expectation: 3000 pips
Buying Bitcoin during consolidation before July growth wave with 110,000 target
01 July 2025 71
Period: 07.07.2025 Expectation: 2000 pips
Renewed tensions between Musk and Trump weigh on Tesla shares
01 July 2025 58
Go to forecasts