Dogecoin, the top meme cryptocurrency by market value, grabbed attention today as a big investor scooped up 300 million coins. This happened alongside Bitmain's upbeat news about expanding support for DOGE mining. The whale's move showed confidence in Dogecoin's future, while Bitmain's announcement added to the positive vibe around the token.

The whale's hefty purchase of 300 million DOGE made waves, especially as it coincided with Bitmain's plans to ramp up DOGE mining support. This confidence boost from the whale, combined with Bitmain's announcement, painted a bullish picture for Dogecoin's price.

According to Whale Alert data, the whale bought 150 million DOGE in two transactions within 24 hours. This sparked speculation about whether the whale knew about Bitmain's plans to enhance DOGE mining support.

At the same time, Bitmain revealed its upcoming Antminer L9, set to launch in May, aimed at supporting Dogecoin mining along with other cryptocurrencies. The Antminer L9 promises efficient energy usage, which is a significant move in the crypto world. This, along with the whale's buying spree, added to the positive outlook for Dogecoin.

Despite these developments, Dogecoin's price dipped by nearly 6% in the past day, currently trading at $0.154. This decline follows broader corrections in the crypto market ahead of the halving.

However, investors remain optimistic about Dogecoin's future price action. With historical data suggesting that altcoins often follow Bitcoin's price movements after rallies, there's hope for a significant price surge for Dogecoin in the near future.

In conclusion, Dogecoin experienced a notable day with a whale's substantial purchase and Bitmain's plans to boost mining support. Despite a recent price drop, optimism prevails for Dogecoin's future performance, fueled by these developments.