Dogecoin Whales Accumulate Over $112 Million in 96 Hours at Key Resistance

Dogecoin whales have been buying up large amounts of DOGE over the past 96 hours, accumulating over $112 million worth of cryptocurrency at current prices. This buying spree is happening right into a key resistance zone at $0.098, which is defined by approximately 28 billion DOGE in prior transaction volume.

This means that many holders have their cost basis near this price and may look to exit at break-even, creating a structural supply wall that has capped price action before. The Santiment data shows that whales are adding to their positions across all three measured sessions, suggesting either conviction that the resistance will be absorbed or a longer-term accumulation thesis.

A comparable pattern unfolded with Chainlink earlier this year, where whales added 2.5M LINK in 10 days ahead of a notable network growth acceleration. The next supply wall above $0.098 sits at $0.11, and if Dogecoin achieves a sustained daily close above $0.098 on elevated volume, it becomes the immediate target for any continuation move.

Whale accumulation near resistance is a bullish context signal, but it does not guarantee a breakout. The confirmation trigger is a daily close above $0.098 on elevated volume, and a reversal in Santiment's whale holdings trend would invalidate the bullish thesis.