- Dogecoin whale purchased over 137 million DOGE in under 12 hours.
- The pioneer memecoin asset gains more popularity in 2026.
- As altseason peak phase nears the asset could hit new ATH prices.
The first month of the New Year continues to move at a steady pace with expectations for a parabolic price rally growing stronger by the day. At the moment, the price of BTC has reclaimed the $90,000 price range and has held the line so far. Similarly, the price of ETH has reclaimed the $3,000 price range and continues to hold the range. Amidst the steady surge, Dogecoin whales purchased over 137 million DOGE in under 12 hours.
Dogecoin Whales Purchased Over 137 Million DOGE
The crypto market seems to be heading in a bullish direction for the New Year. At the moment, crypto analysts are having varying expectations for what is to come next. To highlight, at the moment, most analysts are debating over the possibility of a bullish vs bearish outcome for the rest of 2026, with a majority leaning towards a bullish first half and a bearish second half.
This expectation stands on the previous 4-year bull cycle blueprint. Bearish analysts believe the 4-year cycle has already played out, meaning that the current state of the crypto market is marking a start to the bear market. On this, altseason enthusiasts argue that a bear market cannot begin unless altseason and its peak phase occur, leading to the conclusion that Q1 of 2026 will likely usher in altseason before a bear market can ensue.
On the other hand, some financial experts believe 2026 is opening up the possibility of a 5-year supercycle, meaning that a new ATH for BTC is a possibility, which, if true, could also lead to a major altseason pump, suggesting the arrival of the highly anticipated and long-awaited altcoin pump phase this year. The exact timeline is yet to be determined, but most analysts are bullish for the first half of the year.
Altseason Peak Price Pump Phase Approaches
Despite these bullish expectations, altcoin prices are still moving at a slow pace. In particular, the only positive move so far is that the price of Ethereum (ETH) has managed to secure its place above the $3,000 price mark once again. Following Ethereum’s lead, the prices of many promising and popular altcoins like Ripple’s XRP and Cardano’s ADA have been steadily rising, hinting at a chance to set new ATHs soon.
In addition, whales seem to be heavily accumulating these promising altcoins that have signaled major price pumps based on their price charts. As we can see from the post above, the pioneer memecoin asset, Dogecoin (DOGE), is gaining massive popularity. In detail, Dogecoin whales seem to have purchased over 137,000,000 DOGE tokens within 12 hours alone, showing highly bullish pump expectations for the asset.
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