{"id":902857,"date":"2026-05-02T04:13:03","date_gmt":"2026-05-02T09:13:03","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/05\/02\/dogecoin-whales-hit-all-time-high-accumulation-as-bullish-momentum-ignites\/"},"modified":"2026-05-02T04:13:03","modified_gmt":"2026-05-02T09:13:03","slug":"dogecoin-whales-hit-all-time-high-accumulation-as-bullish-momentum-ignites","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/05\/02\/dogecoin-whales-hit-all-time-high-accumulation-as-bullish-momentum-ignites\/","title":{"rendered":"Dogecoin Whales Hit All-Time High Accumulation as Bullish Momentum Ignites"},"content":{"rendered":"
\n
\n
\n
\"A<\/figure>\n<\/div>\n
\n

Dogecoin (DOGE) whale activity just hit a 6-month high after transfers worth $100,000+ rose to 739 in a single day this week.<\/p>\n

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\u00a0 $11.80 billion at press time.<\/p>\n

\"Dogecoin<\/figure>\n

Source: Santiment Intelligence<\/a><\/p>\n

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\u2019 Dogecoin ETP, which debuted four days ago.<\/p>\n

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.<\/p>\n

\"Cumulative<\/figure>\n

Source: Yahoo<\/a><\/p>\n

Price analysis<\/h2>\n

In the past week, DOGE has gained 10.78% to trade at $0.1089 \u2013 a slight fallback after hitting<\/a> a high 0f $0.1103 on Wednesday. Bitcoin\u2019s performance pales in comparison as the flagship coin gained only 0.93% over the same time.<\/p>\n

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\u2019s 2.78% price gains.<\/p>\n

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\u2019s largest publicly traded Dogecoin miner.<\/p>\n

That said, the meme coin\u2019s RSI is currently at 35.37, indicating that selling pressure is overpowering buy pressure.<\/p>\n

\"DOGE<\/figure>\n

Source: Trading View<\/a><\/p>\n

Still, investors hold on to the hope of a turnaround, partly due to its likely endorsement<\/a> as a payment option in X\u2019s monetary system. This development, however, is yet to receive any official confirmation.<\/p>\n

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.<\/p>\n<\/div>\n

\n
\n

Was this writing helpful?<\/h3>\n