The recent activity surrounding Dogecoin, a popular meme coin, has piqued the interest of cryptocurrency investors, sparking discussions about potential price movements. Noteworthy whale activity has been observed in the Dogecoin market, with whales purchasing a significant amount of DOGE coins since May 30. A recent acquisition of 400 million DOGE, combined with a previous purchase of 700 million on the same day, indicates a positive sentiment among major investors. Despite an increase in trading volume, the price of Dogecoin experienced a slight decline of 2.56% to $0.1573. This trend aligns with a broader shift towards meme coins in the cryptocurrency market. Market statistics show a rise in daily trading volume by over 10% to $840 million by June 4, reflecting growing interest in Dogecoin but a struggle to maintain price levels above key thresholds. Analysts suggest potential price movements for Dogecoin in the near future, with predictions ranging from a possible rise to $0.1765 if the current trend continues to a potential drop to $0.1287 if price levels fall below $0.1521.