DOGE Whales Buy 680M Coins as Qubic Attack Fears Shake Market

Whales Step In: 680M DOGE Accumulated Amid Panic

When retail traders flee, whales smell opportunity.

After Dogecoin dipped to $0.21 — a key psychological support — large wallet holders launched a massive buying spree, absorbing over 680 million DOGE this month, according to on-chain analytics firm Santiment.

The result?
A textbook V-shaped recovery, with price rebounding sharply to $0.22 in hours.

Volume during the late trading session spiked to 9.29 million, with over 6.8 million DOGE traded in the final hour — a clear sign of institutional-scale intervention.

This wasn’t random buying.
It was strategic accumulation — whales capitalizing on fear-driven sell-offs.

The Shadow Over DOGE: Qubic’s 51% Attack Risk

But not all of Dogecoin’s price action is about supply and demand.

A new threat looms: Qubic, a high-speed blockchain network, has raised alarms over its potential to execute a 51% attack on DOGE.

Here’s the concern:

• Qubic’s hashrate dominance in certain mining pools could theoretically be redirected to overpower Dogecoin’s Proof-of-Work consensus.
• If successful, an attacker could double-spend transactions, halt confirmations, or reverse blocks.
• While no attack has occurred, the possibility is enough to rattle retail confidence.

This isn’t just FUD.
It’s a real technical vulnerability for a network that relies on decentralized mining for security.

And right now, that trust is being tested.

Market at a Crossroads: Bull vs. Bear Scenarios

🟢 Bull Case: Whales Take Control, DOGE to $0.30

If large holders continue accumulating and $0.22 becomes new support, momentum could build toward $0.23–$0.24 — and eventually $0.30 by Q4 2025.

Catalysts:

• Bitcoin holding strong above $120K
• Renewed meme coin season
• Whale-backed stability restoring retail confidence

Changelly is optimistic, projecting a $0.30 ceiling if buying pressure persists.

🔴 Bear Case: Security Fears Win, DOGE Drops to $0.18

If Qubic-related concerns escalate — or if whales exit — retail panic could return.

A breakdown below $0.21 could trigger a cascade:

• Stop-loss orders hit
• Leverage liquidations increase
• Sentiment turns negative

WalletInvestor warns of a potential fall to $0.18–$0.19 if the network fails to address security overhangs.

🟡 Base Case: Range-Bound Trading, $0.21–$0.25

Most analysts, including CoinCodex, expect a neutral phase in the short term.

Dogecoin may trade sideways, with:

• Support at $0.21
• Resistance at $0.22–$0.24
• Whales defending the floor, but unable to push higher without broader market support

This range reflects the tug-of-war between accumulation and anxiety.

Technical Outlook: The $0.22 Line Is Everything

Right now, $0.22 is the pivot point.

• Hold it: Bulls gain confidence, target $0.23 → $0.24
• Break it down: Bears reclaim control, test $0.21 → $0.19

The fact that volume surged during the bounce suggests this isn’t a dead cat bounce — but a coordinated move by informed players.

Still, without resolution on the Qubic issue, upside remains capped.

Why This Matters: DOGE’s Long-Term Survival Is on the Line

Dogecoin’s strength has always been its community and simplicity.
But its weakness? Security complacency.

Unlike Bitcoin or Ethereum, DOGE doesn’t command the same level of hashrate protection.
If a cheaper chain like Qubic can threaten its integrity, the network must respond — with:

• Fork upgrades
• Mining incentives
• Public communication from core devs

Otherwise, even whale buying won’t stop long-term erosion of trust.

Analyst Outlook: Divided but Watching Closely

One thing all agree on:
Whale activity and security updates will decide DOGE’s fate.

Final Verdict: A Test of Trust and Power

Dogecoin isn’t just fighting for price.
It’s fighting for relevance in a maturing crypto world.

The 680 million DOGE whale buy is a powerful signal:
Smart money sees value at $0.21.

But the Qubic threat is a wake-up call:
No coin is too big to fail if its security is compromised.

For now, the market is balanced — but fragile.

Watch these levels:

• $0.21 – Make-or-break support
• $0.22 – The new battleground
• $0.24 / $0.30 – Bullish breakout targets

If whales keep buying and devs address the risks, DOGE could roar again.
If not, the king of memes may face its most serious challenge yet.