Dogecoin Holds Gains as Whales Accumulate 120 Million Tokens
Dogecoin (DOGE)
Editor:
Eugene Serbin
trendkia.com reports that Dogecoin consolidated above $0.088 following a nearly 6% rally in the preceding week. The asset opened the trading week at $0.0891, up 1.59% from the prior close, supported by volumes 1.09 times the 20-day average. United States spot exchange-traded funds recorded $284,510 in inflows last week, marking a constructive shift in institutional participation.
On-chain data shows large wallets holding 10 million to 100 million DOGE and those holding 100,000 to 1 million DOGE accumulated 120 million tokens starting Thursday. Mid-sized entities holding between 1 million and 10 million tokens offloaded approximately 90 million coins over the same period. This net positive absorption of 30 million units confirms an underlying accumulation trend among high-conviction entities.
Derivatives data indicates that while large whale orders are visible, order-flow remains dominated by the sell side. Price action remains anchored above the 50-day and 100-day EMAs clustered around $0.082. Resistance is anchored at $0.088, with a breakout potentially opening paths toward $0.102. The broader market also saw strength, with Bitcoin trading above $81,300 and Ethereum climbing past $2,600.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 21 September 2026. Not the outlet's figures.
Whalio data shows Dogecoin trading at $0.08730 with a 1-hour buy ratio of 56.0% and a 4-hour buy ratio of 52.0%. These short-term ratios are higher than the 24-hour buy ratio of 47.4%, indicating that buying pressure is building in the immediate term. The 1-hour volume delta is positive at +$2,026,533, while the 24-hour volume delta is negative at -$3,506,163. A positive volume delta means buyers are initiating more market orders than sellers, while a negative delta suggests sellers are dominating the net flow. Despite the negative 24-hour delta, the CVD for the 24-hour close is +$3,120,255, showing net buying pressure over the full day.
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.
The current 24-hour buy ratio of 47.4% is slightly below the 7-day average of 48.2%, representing a difference of -0.7 points. Trading volume is running at 1.09 times the average, while net buying days have dropped to just 1 of the past 7 days. The 8-day volume delta total is -$18,845,796, contrasting with the recent positive short-term flows. This suggests that while the immediate hour shows increased buying, the broader week has been characterized by net selling. The price change over 8 days stands at +5.9%, maintaining gains despite the weekly net outflow.