Dogecoin (DOGE) recently saw a surge of over 20% in value, outpacing competing memecoins such as SHIBA INU and Pepe. Dogecoin’s price is now at 0.38 USD, with notable accumulation by whales. Approximately 1.08 billion DOGE has been bought by these large holders, indicating strong bullish interest.

A significant transaction of 399.9 million DOGE from Binance to an unidentified wallet suggests a potential bullish trend. Such transactions often reduce selling pressure and imply a positive outlook for DOGE’s future. As January marks an historically strong month for DOGE, with past gains reaching up to 85%.

Alex Thorn from Galaxy Digital forecasts that DOGE could reach 1 USD by 2025, with the potential to elevate its market capitalization to 100 billion USD. This prediction underscores the growing investor interest in DOGE, as indicated by a 50% rise in open interest, reflecting increasing market participation.