Dogecoin Whales Hit All-Time High Accumulation as Bullish Momentum Ignites

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<a href="https://minority-mindset.com/doge-usd/">Dogecoin</a> Whales Hit All-Time High Accumulation as Bullish Momentum Ignites

Large Dogecoin holders (often called ‘whales’) have been very active recently. This week, there were 739 transactions of $100,000 or more in Dogecoin, the highest number seen in six months.

Currently, 149 large DOGE holders – those with at least 100 million DOGE each – are collectively holding 108.52 billion DOGE. This is the largest amount these ‘whale’ wallets have ever accumulated, totaling around $11.80 billion as of today.

More and more financial institutions are paying attention to this meme coin, especially after regulators officially classified it as a commodity in March 2026. Currently, at least five different Dogecoin ETFs and similar investment products are being traded around the world, the newest of which – from 21Shares – launched just four days ago.

Despite a small loss of $0.3 million for one meme coin last week, crypto investments overall continued to see positive inflows for the fourth week in a row. Looking at the bigger picture, institutional investment and market liquidity have been consistently increasing since the end of 2025.

Price analysis

Over the last week, Dogecoin has increased in value by 10.78%, currently trading at $0.1089. This follows a recent peak of $0.1103 on Wednesday. In comparison, Bitcoin only saw a gain of 0.93% during the same period.

Trading activity increased over the last day, with open interest rising by 7% to $1.71 billion. Liquidations totaled $5.66 million, mostly from short positions at $4.54 million. This likely contributed to the 2.78% price increase we saw today, as short sellers were forced to buy back the asset to cover their positions.

I’ve been watching Dogecoin closely, and things are really heating up. Not only are the big players – the ‘whales’ – continuing to buy, but there’s some huge news: Shuttle Pharmaceutical Holdings and United Dogecoin are merging. This is a game-changer because it would make the combined company the biggest Dogecoin mining operation traded on the public market. It’s a really positive sign for the future, in my opinion.

However, the meme coin’s Relative Strength Index (RSI) is currently 35.37, which suggests there’s more selling than buying happening right now.

Despite current challenges, investors are still optimistic about a potential recovery, largely because the platform is expected to be integrated into X’s planned financial system. However, this hasn’t been officially confirmed yet.

DOGE is currently trading higher than its 30-day average price of $0.091, suggesting it may continue to rise in the short term. If it stays above this level, it could reach $0.11. However, falling below $0.091 could cause the price to drop to around $0.105.

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2026-05-02 00:38