Whales Accumulate 240M DOGE as Price Drops 9%
Dogecoin (DOGE)
Editor:
Eugene Serbin
Cryptocurrency.com.tr reports that Dogecoin has declined 9% over the past week, trading near $0.08. Despite this drop, large investors have purchased over 240 million DOGE in the last seven days. This accumulation is valued at nearly $20 million and brings their total holdings to 19 billion units.
These whales now control 12% of the coin's circulating supply. X user Ali Martinez noted that large holders are buying the dip, suggesting growing confidence. He stated, “Large holders continue buying the dip, suggesting confidence may be building ahead of the next potential rebound.” Analysts believe the asset has reached a critical turning point.
Some experts expect a major rally to follow this period of accumulation. The Relative Strength Index has fallen to 9, indicating extreme oversold conditions. This level is well below the 30 threshold typically viewed as a buying opportunity.
How the market reacted
Whalio's own Binance spot order flow for DOGE, measured when this story was written up on 15 September 2026. Not the outlet's figures.
Whalio spot data shows DOGE trading at $0.08366 with a 24-hour buy ratio of 50.2%. The 1-hour buy ratio is lower at 38.5%, while the 4-hour ratio sits at 46.1%. This indicates that short-term buying pressure is fading compared to the daily average. The 24-hour volume delta is positive at $166,680, but the 1-hour delta is negative at -$574,683. A positive volume delta means buyers are more aggressive than sellers over that period. The negative 1-hour delta suggests immediate selling pressure is currently outweighing buying interest.
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 48.7%, making today's 50.2% slightly above normal. The daily volume is 0.82x the weekly average, indicating lower than usual trading activity. Net buying occurred on only 2 of the past 7 days. The 8-day volume delta total was -$5,853,074, showing a consistent weekly outflow. This contrasts with the positive 24-hour delta, suggesting a recent shift in momentum. Today represents an unusual day with higher buy ratios but lower overall volume compared to the weekly trend.