Whale Accumulation Drives Dogecoin’s V-Shaped Recovery From $0.21 Lows

The recent surge in Dogecoin’s value can be attributed to a significant accumulation of tokens by large investors, commonly referred to as "whales," which has played a crucial role in facilitating the cryptocurrency's impressive V-shaped recovery from its lows of $0.21. This concerted buying activity by these substantial holders not only reflects their confidence in Dogecoin's potential for future growth but also has contributed to a swift rebound in its price, signaling renewed interest and optimism in the market for this popular digital currency. source: https://www.coindesk.com/markets/2025/08/21/whale-accumulation-drives-dogecoin-s-v-shaped-recovery-from-usd0-21-lows