August DOGE price prediction: Whale accumulation of 350 million coins, technical indicators and ETF expectations suggest a bull run is about to start?

Crypto Assets expert Ali Martinez's latest analysis indicates that DOGE ( may soon embark on a new round of pump. Key signals include Whales purchasing 350 million DOGE within 24 hours, a bullish golden cross pattern appearing on the daily chart, continuous outflows from exchange reserves, and optimistic market expectations for the approval of a DOGE Spot ETF by the end of 2025 (Polymarket predicts a probability of 75%). On-chain data and the active trading of derivations have surged, laying the groundwork for a potential breakthrough in DOGE prices.

Whales are frantically accumulating! 350 million DOGE purchased in 24 hours Crypto Assets expert Ali Martinez recently emphasized on social media X that on-chain data shows large DOGE holders (Whales) bought about 350 million DOGE in just 24 hours. Notably, this large-scale accumulation coincided with the token price reaching the key support range of $0.21 to $0.23. Historical data indicates that this area has prompted significant rebounds in DOGE prices multiple times, providing clues for altcoin investment opportunities in the current Crypto Assets market.

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Technical analysis releases bullish signals: golden cross pattern formed, RSI has room left Martinez also pointed out that the daily chart of DOGE has issued a potential buy signal, suggesting that the trend may reverse and pave the way for future rises. Specific technical indicators include: the daily level forming a "golden cross pattern" (where the 50-day moving average crosses above the 200-day moving average), which is a classic bullish pattern that traders pay close attention to. In addition, the Relative Strength Index (RSI) is currently at a neutral position of 50.6, indicating that there is still ample room for the DOGE price to rise before entering the overbought zone, which is favorable for investors focusing on crypto assets market analysis and altcoin trading strategies.

On-chain data and derivatives market corroborate bullish expectations Exchange data further strengthens the positive outlook: DOGE reserves continue to decline, with a large number of tokens being transferred to cold storage (offline wallets). Currently, the whale wallet holding over one billion DOGE has a position of 72.6 billion DOGE, marking the highest record since May 2025. Historically, similar whale accumulation patterns often signal a strong pump, as seen with the 32% surge in DOGE prices earlier this month. The derivatives market is also active, with CoinGlass data showing that DOGE options trading volume has surged over 350%, while spot trading volume has increased nearly 14%, reaching $6.9 billion. The slight rise in open interest in the futures and options market also reflects growing confidence among traders regarding DOGE prices.

Core Fundamentals Driven: Expectations Rise for DOGE Spot ETF Approval In addition to the technical aspects and on-chain activities, a significant market sentiment catalyst is the potential approval of the DOGE Spot ETF (Exchange-Traded Fund). The latest data from the prediction platform Polymarket indicates that the market believes there is a 75% chance that the DOGE ETF will be approved before December 2025. Grayscale applied for a Spot DOGE ETF earlier this year. Although the U.S. Securities and Exchange Commission (SEC) subsequently delayed the review, stating that more research time is needed, the SEC has included DOGE as one of the 18 Crypto Assets allowed for ETF approval in its updated "listing standards." Bloomberg analyst Eric Balchunas believes this significantly increases the likelihood of the DOGE ETF being approved by the end of 2025, providing new potential options for altcoin portfolios.

Public Company Backing: BitOrigin Invests Tens of Millions of Dollars to Build Position The positive news does not stop here. Nasdaq-listed company BitOrigin recently disclosed that as part of its strategic plan to establish a $500 million DOGE reserve, it has invested approximately $10 million to acquire 40.5 million DOGE. Such public investment behavior from listed companies greatly enhances the legitimacy and market attention of DOGE as an investment target, further boosting market confidence in the price of DOGE, and providing important market trend references for cryptocurrency investors.

Conclusion: Considering multiple factors such as on-chain Whale activity, positive technical indicators (golden cross pattern, healthy RSI), declining exchange reserves, a warming derivatives market, and the increasingly strong expectations for the approval of the DOGE Spot ETF, the price of DOGE seems to be gathering strong upward momentum. Market observers believe that DOGE is likely to experience its next significant rise in the current Crypto Assets market cycle, becoming a potential leader in the altcoin season. Investors need to closely monitor key support levels and the developments of the aforementioned catalysts.