Dogecoin (DOGE) Prepares for Fresh Bull Wave to New ATH amid Renewed Interest from Whale Investors

The expected launch of X Money in 2025 will have a profound impact on the Dogecoin meme coin amid the unwavering support from Elon Musk.

Dogecoin whales have been accumulating more coins in preparation for a fresh bull run in the near term.

As the cryptocurrency market opened in 2025 with a mild bullish outlook led by Bitcoin price, the attention on Dogecoin , the oldest and largest meme coin, continued to rise. According to the latest crypto oracles, Dogecoin price gained over 6% in the past 24 hours to trade about 33% on Thursday, January 2, 2025, during the mid-London session.

The large-cap meme coin, with a fully diluted valuation of about $49 billion and a 24-hour average traded volume of around $2.6 billion, is on the cusp of entering the parabolic phase of the 2024/2025 crypto bull run. Following the re-election of pro-crypto President-elect in the United States, Dogecoin price has heightened its bullish momentum.

However, Dogecoin price has been trapped in a midterm correction mode since hitting a resistance level of around 48 cents in December. In the daily time frame, DOGE price has consistently closed below the 50 Moving Average (MA).

After a more than 40% drop in the last four weeks, DOGE price has retested a crucial support level of around 26 cents, which coincides with the 0.618 daily Fibonacci level. As a result, it is safe to assume that DOGE price is preparing for the next major bull run toward a new all-time high in the near term.

$DOGE #DOGEUSDT #Dogecoin | #Altcoins ✴️ Dogecoin: 2025, Sudden Rise To New All-Time High

How is you, how is you feeling my friend today?Don’t Dogecoin looking ready incoming bullish wave?Great. They is using royal English today!

I bring you Dogecoin today on a tough spot.… pic.twitter.com/z8zQ2o4OLX

— Alan Santana (@lamatrades1111) January 2, 2025

| ✴️ Dogecoin: 2025, Sudden Rise To New All-Time High

How is you, how is you feeling my friend today?Don’t Dogecoin looking ready incoming bullish wave?Great. They is using royal English today!

I bring you Dogecoin today on a tough spot.…

— Alan Santana (@lamatrades1111)

Dogecoin Network Enjoys Robust Fundamentals

Backed by tech billionaire , Dogecoin has attracted the attention of more whale traders in the recent past. Furthermore, the Dogecoin network offers crypto miners a higher daily profitability of about $2.64 per day for 1 GHash/s, compared to other proof-of-work (PoW) secured chains.

According to the latest on-chain data analysis from Bitinfocharts, the top 100 richest Dogecoin holders control about 95.3 billion DOGE coins, which represent around 65% of the total supply. After distributing the profits in the past few weeks, Dogecoin , with a balance of between 100 million and 1 billion coins, added over 300 million coins to currently hold about 23.5 billion tokens.

Meanwhile, the Dogecoin community has been waiting for the X platform to integrate the meme coin for payments. According to Linda Yaccarino, the CEO of the X platform, the highly anticipated X Money will be in 2025 alongside other products led by X TV.

The launch of X Money, which will potentially integrate with Dogecoin, will give the meme coin more real-world utility, which is extremely bullish in the long haul. Furthermore, the meme coin industry, which currently has a market valuation of about $115 billion and a 24-hour average trading volume of around $14 billion, is expected to lead in the ongoing macro bull run.