Whale Buys 1 Billion DOGE, Short Sellers Suffer $3M Loss—Could This Spark a Bull Rally?

On August 6, 2025, Dogecoin experienced a big move. According to analyst Ali Martinez, whale addresses were recorded buying up to 1 billion DOGE in a short period of time.

This aggressive accumulation action comes as the price of DOGE is trading around $0.2009 – down almost 10% on the week and now below important support levels, including the 20-day EMA ($0.2129) and 50-day EMA ($0.2060), based on data from CoinMarketCap.