Significant buying pressure has driven Dogecoin (DOGE) higher as large investors, or “whales,” accumulated over 1 billion DOGE, valued at approximately $200 million, over a 48-hour period between August 5 and 6, 2025. In the following 24 hours, an additional 230 million DOGE, worth around $46 million, was acquired, intensifying speculation about further price gains in the short term [1]. The buying spree has sparked renewed interest in DOGE, with traders watching for sustained momentum amid historical concerns that such whale activity could trigger short-term volatility [1].
Alongside DOGE, other meme tokens have also experienced upward movement. Shiba Inu (SHIB) surged more than 6% in a short period, with analysts noting bullish sentiment following recent token burns and network improvements [1]. PEPE, the frog-themed token, reclaimed the $0.000012 level, rising 11% within 24 hours, reinforcing the renewed energy in the meme coin space [1]. These developments have drawn attention from both retail and institutional investors, many of whom are seeking high-growth meme coins for 2025 [1].
Despite the spotlight on DOGE, SHIB, and PEPE, some analysts are shifting focus to a newer entrant, MAGACOIN FINANCE, which is being highlighted as one of the top altcoins to buy in 2025. The token has gained traction among traders and influencers familiar with past meme coin cycles, with its growing online presence, active presale, and clear community-building strategy cited as key factors [1]. While DOGE and SHIB continue to benefit from institutional attention, early-stage projects like MAGACOIN are seen as potential breakout candidates for the remainder of the year, particularly as investors seek diversification away from more established names [1].
The broader market context suggests that whale activity, particularly in ETH, has also been significant. A separate report highlighted a $212 million ETH whale purchase as the price of Ethereum surged, indicating broader institutional participation in the crypto market [2]. While this data does not directly relate to DOGE or MAGACOIN, it reflects the increased liquidity and strategic buying behavior observed across major crypto assets [2].
Traders are now closely monitoring price patterns and whale movements, attempting to identify which projects will sustain growth. While DOGE, SHIB, and PEPE have rekindled interest in meme coins, the market appears to be turning its attention toward emerging projects with strong community engagement and early-stage potential [1].
Source:
[1] https://en.bitcoinsistemi.com/dogecoin-doge-soars-on-200m-whale-buys-shib-pepe-pump-yet-this-meme-token-may-be-the-real-winner-this-week/
[2] https://cfgi.io/ethereum-fear-greed-index/
