Dogecoin Whales Rock the Price – Is a $0.30 Breakout Next?
Dogecoin plunged 8% to $0.25 after whales sold at $0.27, then rebounded as those same holders bought back in, stabilizing above $0.25. On-chain data show whales accumulated 30 million DOGE during the dip, with the top 1% now controlling 96% of supply. A DOGE fund launched in September raised over $20 million. The SEC is reviewing a proposed Dogecoin ETF, but decisions may be delayed by a government shutdown.