DOGE drops 4% as Senate fails CLARITY Act, whales buy
Dogecoin (DOGE)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports Dogecoin (DOGE) is trading lower today, down around 4% to $0.079, as selling pressure across the crypto market builds. The drop comes after the US Senate failed to pass the CLARITY Act, a bill aimed at regulating the crypto industry, which triggered nearly $600 million in outflows from US-traded crypto ETFs on September 16. Despite the price decline, large DOGE holders were actively buying, with whale addresses accumulating 240 million tokens between September 9 and September 14. Their total holdings now sit at nearly 19 billion DOGE, about 12.18% of the total supply.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 17 September 2026. Not the outlet's figures.
Whalio’s Binance spot data shows DOGE trading at $0.08091 with a 1-hour buy ratio of 51.7%, indicating short-term buying pressure. This contrasts with the 4-hour buy ratio of 46.7% and the 24-hour buy ratio of 47.5%, suggesting that the recent buying momentum is fading over longer timeframes. The 1-hour volume delta is positive at +$47,247, while the 4-hour delta is -$351,119 and the 24-hour delta is -$2,597,470. A positive volume delta means buyers are initiating more market orders than sellers, while a negative delta indicates sellers are dominating. The 24-hour Cumulative Volume Delta (CVD) closed at -$1,927,709, confirming that net selling pressure has outweighed buying 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.
Over the preceding week, the 7-day average buy ratio was 47.9%, with the latest day showing a slight decrease of 0.3 points. Volume was at 0.99x the average, and there were only 2 days of net buying out of 7. The price change over 8 days was -6.1%, with a total volume delta of -$16,949,853. Comparing the 24-hour buy ratio of 47.5% to the 7-day average of 47.9% shows a marginal deviation, while the 24-hour volume delta of -$2,597,470 is a fraction of the weekly total of -$16,949,853. This indicates that while today’s selling is part of a broader downtrend, the intensity is consistent with the weekly average rather than being an unusual spike.