Dogecoin’s largest holders increased activity sharply after Santiment reported 739 whale transfers worth at least $100,000 in one day. The spike marked the highest level in six months, while 149 whale wallets held a record 108.52 billion DOGE.
Santiment shared the on-chain data on X, linking the rise in whale transfers to stronger Dogecoin market activity. The chart tracked daily $100,000-plus transfers, DOGE price action, and holdings among wallets with at least 100 million DOGE.
The data showed a sharp jump in high-value transfers near the end of April. At the same time, Dogecoin recovered from earlier weakness and traded near $0.107.
According to Santiment, the 149 whale wallets now control 108.52 billion DOGE. The analytics platform valued those holdings at about $11.6 billion at the time of the update.
Santiment also reported that Dogecoin gained about 14% over the previous 10 days. The platform said the move was likely not a coincidence, given the rise in whale activity and holdings.
The increase in large-wallet holdings points to continued concentration among Dogecoin’s biggest addresses. These wallets each hold at least 100 million DOGE, based on the chart data.
Still, the chart does not show whether the 739 large transfers came from buying, selling, internal transfers, exchange deposits, or withdrawals. Whale transfers can reflect several types of movement across the market.
Even so, the rise in total holdings shows that the largest Dogecoin wallets increased their combined balance. That trend now places whale accumulation at the center of DOGE market tracking.
Read More: Dogecoin Hits $0.10: Open Interest Climbs, But Can Bulls Sustain the Rally?
Separately, analyst Cantonese_Cat said Dogecoin printed its third clear monthly bullish morning star pattern. The analyst shared a TradingView chart on X showing DOGE against the U.S. dollar on Binance.
The chart used a one-month timeframe and placed DOGE near $0.1070. Candle data on the chart showed an open at $0.1069, a high at $0.1071, a low at $0.1069, and a close near $0.1070.
The latest monthly candle cluster appeared inside a green circle near the current price area. Similar circles marked earlier DOGE structures after the 2017 pullback and before the major 2021 rally.
The chart also included a morning star diagram. It showed a red candle, a smaller second candle with a downside gap, and a third green candle closing above 50% of the first candle.
Traders often watch a morning star as a potential bullish reversal signal after a downtrend. In this case, Cantonese_Cat pointed to the monthly chart, which longer-term traders often follow.
Still, the pattern alone does not confirm a sustained rally. DOGE remains below its previous cycle highs, including the 2021 peak and the later 2024–2025 recovery zone.
Dogecoin whale activity has reached a six-month high, with Santiment tracking 739 large transfers and record holdings of 108.52 billion DOGE. The monthly morning star pattern adds another technical signal, but DOGE still needs stronger closes above resistance to confirm sustained momentum.