Dogecoin Co-Founder Proposes $1.2 Trillion Buy Instead of Stimulus
Dogecoin (DOGE)
Editor:
Eugene Serbin
u.today reports that Dogecoin co-founder Billy Markus, known on X as Shibetoshi Nakamoto, has suggested a $1.2 trillion Dogecoin purchase as an alternative to the proposed $5,000 stimulus check for U.S. adults. Economists argue that direct payments could exacerbate inflation, a concern supported by recent surveys from the Conference Board and the University of Michigan showing worsened consumer sentiment. Markus noted that the stimulus might be "inflationary when we don't need more inflation," proposing the government buy DOGE instead.
At the time of writing, Dogecoin traded at $0.0849, up 1.75% in 24 hours, with a market cap of $13.24 billion. The coin has a total supply of 155.88 billion DOGE, meaning a $1.2 trillion buy would exceed its total supply value. Although Dogecoin has an infinite maximum supply, it issues a fixed 5 billion coins yearly, which supports a narrative of diminishing inflation rates.
This fixed issuance prevents excessive supply from flooding the market relative to the total supply. Markus' comment may highlight this property rather than a literal government purchase plan. The report notes that while the idea is humorous, it underscores the coin's deflationary mechanics compared to traditional stimulus. This approach contrasts with the direct cash payments that economists fear will raise consumer prices further.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 12 September 2026. Not the outlet's figures.
Whalio spot data shows Dogecoin trading at $0.08430 with a 24-hour buy ratio of 50.1%, indicating balanced market participation over the day. However, shorter timeframes reveal a shift, with the 1-hour buy ratio dropping to 31.1% and the 4-hour ratio at 48.9%, suggesting immediate selling pressure is outweighing buying interest. The 1-hour volume delta is negative at -$302,035, confirming that recent trades are dominated by sellers. In contrast, the 24-hour volume delta is positive at +$210,994, showing that earlier buying has accumulated enough volume to offset recent outflows. The cumulative volume delta (CVD) at the 24-hour close stands at +$940,864, indicating net buying has occurred over the full day. Despite the current short-term dip, the market has seen net buying for 15 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.
Was that an ordinary day?
The same Binance spot measurements for DOGE, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.8%, making today's 24-hour ratio of 50.1% only 0.3 points higher than the weekly norm. This slight increase suggests the current trading activity is largely consistent with recent patterns rather than an anomaly. Weekly volume was recorded at 0.78x the average, indicating lighter trading activity compared to the standard week. Net buying days numbered 2 out of 7, with a total volume delta of +$1,389,391 for the period. The price has declined 0.6% over the eight-day window, showing a slight downward trend despite the net positive volume delta.