Dogecoin (DOGE) whale activity just hit a 6-month high after transfers worth $100,000+ rose to 739 in a single day this week.
More so, the 149 whale wallets holding at least 100 million DOGE now collectively hold 108.52 billion DOGE. This marks an all-time high for collective whale accumulation, with an estimated worth of $11.80 billion at press time.
Source: Santiment Intelligence
Institutions are also showing heightened interest in the meme coin following its classification as a commodity by regulators in March 2026. There are currently at least 5 primary Dogecoin ETFs and ETPs actively trading globally, with the latest being 21Shares’ Dogecoin ETP, which debuted four days ago.
Last week, while crypto investment products witnessed a fourth consecutive week of inflows, the meme coin experienced outflows worth $0.3 million. However, zooming out reveals a steady growth in institutional adoption and liquidity since late 2025.
Source: Yahoo
Price analysis
In the past week, DOGE has gained 10.78% to trade at $0.1089 – a slight fallback after hitting a high 0f $0.1103 on Wednesday. Bitcoin’s performance pales in comparison as the flagship coin gained only 0.93% over the same time.
In terms of derivatives, open interest rose by 7% in the past day to reach $1.71 billion. Over the same timeframe, short liquidations totaled $4.54 million, accounting for the majority of the total $5.66 million in liquidations. The resulting short-squeeze loop has a role in today’s 2.78% price gains.
Besides whale accumulation, the latest big achievement has been the announcement of a merger between Shuttle Pharmaceutical Holdings and United Dogecoin. This would position the former as the world’s largest publicly traded Dogecoin miner.
That said, the meme coin’s RSI is currently at 35.37, indicating that selling pressure is overpowering buy pressure.
Source: Trading View
Still, investors hold on to the hope of a turnaround, partly due to its likely endorsement as a payment option in X’s monetary system. This development, however, is yet to receive any official confirmation.
DOGE is currently trading above its 30-day Simple Moving Average (SMA) of $0.091, signaling short-term bullish momentum. Maintenance above this line means DOGE could retest $0.11, while a break below risks a pullback towards $0.105.