Dogecoin launches on Solana with $19M volume
Dogecoin (DOGE)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Dogecoin is now live on the Solana ecosystem following an update on September 7. The Sunrise protocol, linked to Wormhole infrastructure, enables this cross-chain access by bringing assets onto Solana in a standardized form. Sunrise utilizes a unified mint to prevent liquidity fragmentation from competing versions of the token.
This integration allows DOGE users to access Solana applications without navigating complex multi-step bridging processes. Previously limited by its payment-focused blockchain, DOGE can now participate in Solana’s DeFi ecosystem. Users can trade, provide liquidity, and utilize the asset on platforms such as Raydium, Jupiter, and Kamino.
Trading volume surged to $19 million within 24 hours, with over $10 million generated in just the first three hours. Despite this activity, DOGE traded at $0.08915, showing a modest drop as selling pressure increased. The perpetual market experienced sharp liquidation spikes as the price moved between $0.08 and $0.09. Long liquidations dominated several sessions, highlighting risks from crowded bullish positioning.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 9 September 2026. Not the outlet's figures.
Whalio spot data shows DOGE trading at $0.09005 with a 24-hour buy ratio of 52.7%, indicating net buying over the full day. However, shorter timeframes show weakening momentum, with buy ratios dropping to 45.6% over 4 hours and 42.9% over 1 hour. Volume deltas reflect this shift, turning negative at -$763,555 for 4 hours and -$375,328 for 1 hour, while remaining positive at +$4,342,010 for 24 hours. The cumulative volume delta closed at +$72,535, confirming that buying pressure has faded significantly from the daily average. Net buying occurred for only 14 of the last 24 hours, suggesting inconsistent demand. Spot volume reached $79,820,145 across 751,438 trades, but the short-term outflow indicates recent sellers are gaining control.
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 52.7% is 2.7 percentage points higher than the 7-day average of 50.1%. Volume is trading at 1.01x the weekly average, indicating activity levels are largely consistent with recent norms. Net buying occurred for only 3 of the past 7 days, showing that sustained accumulation is not the dominant trend. The price has risen 10.3% over the last 8 days, supported by a total volume delta of +$7,720,394. This week’s data suggests the current day is slightly more bullish than average but lacks the consistent buying pressure seen in broader trends.