DOGE drops 12% as whales dump 260M tokens
Dogecoin (DOGE)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports Dogecoin is trading at $0.082 after falling more than 12% over the past week. Selling pressure dominated for three consecutive days since August 28, with DOGE sold exceeding DOGE purchased by $21 million during that stretch. Santiment data shows holders with between 1 million and 100 million DOGE shed roughly 260 million tokens since August 21. Smaller whale wallets in the 100,000–1 million range absorbed about 10 million DOGE in the same period, a pattern that often signals distribution rather than accumulation.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 1 September 2026. Not the outlet's figures.
Whalio spot data shows DOGE trading at $0.08285 with a 1-hour buy ratio of 44.0%, indicating immediate selling pressure. This short-term dip contrasts with the 4-hour buy ratio of 51.5%, suggesting a slight shift toward buying over a slightly longer timeframe. The 24-hour buy ratio stands at 51.1%, showing that buying has slightly outweighed selling over the full day. However, the 1-hour volume delta is -$505,985, meaning more money flowed out than in during the last hour, while the 24-hour delta is +$845,422, indicating net inflow over the day. CVD at the 24-hour close is -$382,157, reflecting that sell volume exceeded buy volume in value terms by that amount despite the buy ratio being above 50%.
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 22 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.
Over the preceding week, the 7-day average buy ratio was 49.4%, making today's 24-hour ratio of 51.1% an unusual day with 1.7 points higher buying interest. Volume was 0.59x the average, indicating significantly lower trading activity compared to the norm. The price changed -8.1% over 8 days, with a total volume delta of -$2,717,905, showing net outflows over the week. Net buying occurred on 4 of the 7 days, contrasting with the current day's mixed but slightly positive buy ratio.