Large cryptocurrency investors have been accumulating Dogecoin (DOGE) in significant amounts, boosting the coin’s price. Whale activity has increased considerably in March, with over 220 million DOGE purchased by these investors. Analysts believe this trend could push Dogecoin toward higher price levels, with some predicting a long-term target of $0.6533. This whale accumulation signifies growing confidence in the cryptocurrency despite recent price volatility. 2023’s first quarter has seen a notable surge in DOGE holdings by these substantial investors. 2022’s peak was marked by significant institutional interest, with Dogecoin prices reaching an all-time high of $0.73.