DOGE Price Sees Renewed Demand After Whales Add 240M Tokens

Dogecoin's price has been showing signs of renewed demand after large holders added more than 240 million DOGE during the latest price correction. This accumulation comes as the recovery approaches a major technical hurdle, leaving traders to assess whether larger-wallet demand can translate into a sustained move higher.

The recent rebound has kept Dogecoin trading above its support base formed after its multi-month downtrend, with the price currently near $0.083. A break above the next resistance band would materially improve the recovery setup.

Larger wallet balances have climbed towards 19 billion DOGE, with more than 240 million tokens added over the past week. This increase occurred during a period of price weakness, suggesting whales have been using the correction to build exposure rather than waiting for a confirmed upside breakout.