Dogecoin closes August as 2026's best month
Dogecoin (DOGE)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Dogecoin is set to close August as its best-performing month of 2026. Onchain data from CryptoRank indicates the token recorded a notable return of 21.4% for the month. This surge follows a major price breakout that occurred last week.
The asset achieved 30-day gains of approximately 20.6% and surged by 20.7% over the past two weeks. This performance marks the highest monthly gain since July of the previous year. Despite the rally, Dogecoin remains down about 28% in year-to-date price performance.
Its 2025 high sits around $0.1551. The token is currently trading around $0.084 after reaching a recent high of about $0.0996. This breakout sparked bullish momentum across the Dogecoin ecosystem. The record performance was fueled by activity during the second half of the month.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 29 August 2026. Not the outlet's figures.
Whalio spot data shows Dogecoin trading at $0.08524 with a 1-hour buy ratio of 55.4%. This short-term buying pressure contrasts with the 4-hour buy ratio of 44.0% and the 24-hour ratio of 46.5%. Volume delta in the last hour is positive at +$85,356, indicating immediate buy-side aggression. However, the 4-hour volume delta is negative at -$620,210, and the 24-hour delta is -$4,333,103. This suggests that while immediate buying is active, larger timeframe selling pressure is dominating. The cumulative volume delta closed at -$2,079,787 over 24 hours. Net buying occurred for only 13 of the last 24 hours.
The latest daily buy ratio of 37.6% sits at the 0th percentile of the last 322 days, against a median of 48.9% - among the weakest buying days it has had.
Twenty-four hours later
What DOGE did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for DOGE, averaged over the days leading up to the story.
The preceding week saw a 7-day average buy ratio of 51.1%. The latest day's ratio is 4.6 percentage points below this weekly average. Weekly volume was 0.55x the average, indicating significantly lower trading activity. Net buying occurred for 7 of the last 7 days, showing consistent directional buying. Despite this, the price changed by -6.9% over the 8-day period. The total volume delta for the week was +$13,834,529. This contrasts with the current day's negative 24-hour delta, highlighting a shift from weekly accumulation to current distribution.