Whales accumulate 240 million DOGE as price rises 8%
Dogecoin (DOGE)
Editor:
Eugene Serbin
tradersunion.com reports that Dogecoin rose 8.25% after large holders accumulated approximately 240 million DOGE between September 9 and 14. This buying activity coincided with Bitwise announcing the closure of its Dogecoin ETF (BWOW) on September 10, with trading ending by October 14. Net ETF inflows of $248,510 on September 16 came entirely from Grayscale’s GDOG Trust.
The Dogecoin Foundation is developing a self-custodial wallet called 'Such App' for release in the first half of 2026. Price action remains above the 20-day, 50-day, and 200-day moving averages at $0.0847, $0.0793, and $0.08785 respectively. The asset holds above the Ichimoku Kijun at $0.08673, with resistance at $0.09237 and support at $0.08826.
Momentum indicators show mixed signals, with neutral MACD and Awesome Oscillator readings. Bull/Bear Power remains negative, aligning with prevailing selling momentum despite the price increase.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 18 September 2026. Not the outlet's figures.
Whalio spot data shows DOGE trading at $0.08172 with a 24-hour buy ratio of 49.5%, indicating a near-even split between buyers and sellers. Short-term pressure appears slightly weaker, with the 1-hour buy ratio at 46.0% and the 4-hour ratio at 44.2%, suggesting buying interest is fading in the immediate term. Volume deltas reflect this hesitation, showing net selling of -$268,042 over 1 hour and -$2,267,652 over 4 hours. The cumulative volume delta for the 24-hour close stands at -$466,682, confirming that sellers have dominated the flow. Only 9 out of 24 hours saw net buying, highlighting inconsistent demand. Spot volume reached $40,384,092 across 326,663 trades.
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 47.8%, making today’s 24-hour ratio of 49.5% a slight increase of 1.7 points. However, trading volume was only 0.80x the weekly average, indicating reduced activity. Net volume delta for the 8-day period totaled -$14,152,118, with only 2 of the 7 days showing net buying. This contrasts with the immediate 24-hour data, where volume was higher but still net negative. The price change over 8 days was -1.4%, showing a broader downward trend despite recent accumulation news.