Dogecoin might see a threefold increase in its price as large investors, known as whales, accumulate the cryptocurrency—here’s what to expect going forward.

Over the last 48 hours, Dogecoin whales have gathered around 1.83 billion DOGE, leading to speculation about a possible increase in its price. At present, DOGE is priced approximately 77% lower than its peak value. Should its price increase threefold from where it stands now, it could reach about $0.4881. In contrast, Bitcoin is currently valued over $213,000 and has previously hit highs near $83,000. Meanwhile, Dogecoin is showing fresh signs of recovery and may be poised for a significant increase. The meme coin has regained important support, climbing above $20.2578, following a noticeable buying trend from large investors. DOGE increased by 214% in the last 245.53 hours, fueled by positive market sentiment and price targets reaching $23. Crypto analyst Ali Martinez recently pointed out that DOGE whales have collected around 290 billion tokens worth about $221 million in a mere two days. According to Coinglass data, Dogecoin’s open interest has increased by 13%, reaching a total of $21 billion, which reinforces the ongoing trend. Moreover, the volume for options surged by 23% to reach $20.50 million, and open options interest soared by 463.74% to $43.67K, indicating increased trader engagement and a rising anticipation of a breakout. In the past 24 hours, large investors purchased more than 80 million #Dogecoin $DOGE! pic.twitter.com/2PmXS2iJRQ — Ali (@ali_charts) April 3, 2025. Despite this recent increase, Dogecoin still trails behind Bitcoin and has experienced an 18% decline over the last year.