DOGE is getting ready to "go to the moon"! Whales have just concentrated their forces to accumulate a lot of it.

The Dogecoin community has recently become more vibrant after Eric Balchunas, a Bloomberg analyst, revealed that the likelihood of the DOGE ETF approval in America is as high as 80%, with a deadline of October 17. This data immediately created a huge wave of expectations in the investment community, especially after Dogecoin recorded a 2.5% increase in a day, raising its price to 0.1792 USD and its market capitalization to 26.7 billion USD. Whales are quietly accumulating assets, the market is preparing for a new rally. In the context of the market recovering strongly thanks to Bitcoin reaching the threshold of 95,000 USD, altcoins like Ether, Solana, and XRP have begun to show signs of profit-taking. Dogecoin, on the other hand, shows positive signals as over 100 million DOGE were purchased by "whales" in just the past 7 days.

According to the latest data, institutional inflows into DOGE remain strong, while outflows from centralized exchanges have decreased, indicating that investor confidence is gradually recovering. Some traders expect the price of DOGE could soon exceed the 0.3 USD mark if the upward momentum continues. Dogecoin has led to a surge in the meme coin group. Not only DOGE, the positive wave has also spread to many other meme coins such as Shiba Inu (SHIB), PEPE, and Official Trump, with an increase of over 7% in the past week. In the previous month, the total market capitalization of the meme coin group increased by more than 12 billion USD in just one day, thanks to the widespread optimistic sentiment across the market. Expert Ali Martinez predicts: "If DOGE closes the monthly candle above 0.20 USD, the possibility of reaching the old peak of 0.74 USD is entirely feasible" — as long as institutional demand continues to rise.