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DOGE Jumps 7% on $200M Whale Buys as Futures Bets Top $3B

Technical patterns suggest further upside toward $0.27, with $0.25 now acting as support.

By Shaurya Malwa, CD Analytics
Updated Aug 14, 2025, 5:51 a.m. Published Aug 14, 2025, 5:50 a.m.
(CoinDesk Data)
(CoinDesk Data)

What to know:

  • Dogecoin surged over 7% in the past 24 hours, breaking through the $0.25 resistance level.
  • Whale purchases exceeded $200 million, pushing futures open interest above $3 billion.
  • Technical patterns suggest further upside toward $0.27, with $0.25 now acting as support.

Dogecoin surged over 7% in the past 24 hours, fueled by more than $200 million in whale purchases and a sharp uptick in derivatives positioning. The memecoin broke through the $0.25 resistance level, triggering a volume-led breakout and sending futures open interest above $3 billion. Large-holder ownership now sits just shy of 50%, underscoring growing institutional participation.
Technical patterns suggest further upside toward the $0.27 area, with bullish sentiment intact.

News Background

  • Whale accumulation crossed 1 billion DOGE tokens (worth $200 million) in the past 24 hours.
  • Large-holder ownership neared 50%, a threshold last approached during previous market tops.
  • DOGE futures open interest surpassed $3 billion, indicating a sharp return of leveraged positioning.
  • Broader crypto market strength supported the rally, with risk sentiment boosted by equity market gains.

Price Action Summary

  • DOGE rallied from $0.24 to $0.25 in the 24-hour period from Aug. 13 05:00 to Aug. 14 04:00 (+7%).
  • Trading range spanned $0.24–$0.26, reflecting 9% intraday volatility.
  • Breakout above $0.25 occurred in evening hours following earlier consolidation.
  • Volume during breakout phases significantly exceeded daily averages, peaking at 29.2 million in a single minute.
  • Final hour showed stabilization at $0.25 after brief pullback.

Technical Analysis

  • Breakout from bullish flag pattern projects short-term target near $0.27.
  • $0.25 now acting as fresh support after multiple successful retests.
  • Resistance stands at $0.26, with a clean move above opening path to $0.27.
  • Volume profile indicates strong accumulation rather than speculative churn.
  • Futures OI and funding rates suggest sustained long positioning in near term.

What Traders Are Watching

  • Ability of $0.25 support to hold during any intraday pullbacks.
  • Break above $0.26 to confirm continuation toward $0.27.
  • Whale wallet flows for signs of ongoing accumulation.
  • Funding rate spikes that could signal overcrowded longs.
  • Correlation with broader risk-on moves in equities.
AI Market Insights

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Google Trends data shows the term hit a record high in the U.S. this month, though global interest has fallen since peaking in August.

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  • Similar U.S. search spikes in 2021 and 2022 coincided with local bottoms.
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