Large investors acquire $670 million in Dogecoin

As of May 10, 2025, major institutional investors, commonly referred to as "whales", have invested a staggering $670 million in Dogecoin. During this period, the digital asset has risen by 15.69%. This growing interest in DOGE suggests that another crypto market rally comes into play, CoinMarketCap notes.

The Dogecoin long to short ratio among top traders on Binance has now surpassed 3.1, indicating strong stability in the token's performance. Positive market trends are also supported by increasing cryptocurrency trading volumes reported on CoinGecko and other platforms.

Long-term asset holders and institutional investors are now showing growing interest in DOGE. Historically, such spikes in volatility have attracted new crypto players, as highlighted by the news site.

According to CoinMarketCap analysts, there may be an increase in regulatory scrutiny as market interest grows. However, technological advancements could mitigate any potential negative impact.