In the past week, large holders of Dogecoin (DOGE) have finally made a move, and it iss a big one. Thus, wallets holding between 1,000,000 and 10,000,000 DOGE added more than 100,000,000 DOGE to their balances. This activity happened quietly, but the numbers speak for themselves.
According to on-chain data from Santiment, the total holdings of this category of investors increased from around 10.42 billion DOGE to over 10.55 billion DOGE by April 30. That is a net increase of over 100 million DOGE in less than two weeks. At current prices, it means nearly $17.5 million were accumulated without major news or social media hype.
At the same time, the DOGE price went up from $0.145 on April 13 to $0.176 by the end of April – an increase of more than 21%. The chart shows the price reacting as accumulation intensified but without the usual signs of retail attention.
What is going on here? These types of wallets are often considered “smart money.” They are not too big to attract attention, not too small to be retail noise. When this group accumulates in silence, it usually means they see something before the crowd does.
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One hundred million DOGE is not a small number, and the increase is too structured to be random. It looks more like strategic positioning than casual trading. It comes at a moment when the market overall is still uncertain, which makes the move even more interesting.
The question is not whether DOGE can rise again; it already did. The better question now is: are whales preparing for a longer-term shift?
Nothing is confirmed yet. But when wallets of this size move in sync, markets may tilt to follow.