Dogecoin whales accumulated about 158,000,000 DOGE (~$44M) at an average entry near $0.28, concentrated in 1–10 million DOGE wallets, lifting their combined holdings to roughly 11.03 billion DOGE and coinciding with DOGE’s rise from $0.22 to nearly $0.30 in six weeks.
Whales bought 158,000,000 DOGE at ~ $0.28, raising holdings to ~11.03B DOGE.
Most purchases came from wallets holding between 1,000,000 and 10,000,000 DOGE.
DOGE rallied ~35% from early August to Sept. 17; exchange volume spiked from ~$450M to ~$1B daily.
Dogecoin whales accumulation: 158M DOGE (~$44M) bought at ~$0.28, holdings hit 11.03B DOGE; on-chain buying coincided with a 35% price rally—read the analysis.
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What happened with Dogecoin whales?
Dogecoin whale accumulation saw wallets holding 1–10 million DOGE increase combined holdings to about 11.03 billion DOGE after adding roughly 158,000,000 coins (~$44M) at an average price near $0.28. The buying coincided with DOGE’s price rise from about $0.22 to ~$0.299 in six weeks.
How much did whales buy and when?
On-chain tracking shows a concentrated purchase window in early to mid-September. These wallets held roughly 10.77 billion DOGE on Aug. 25 and reached about 11.03 billion DOGE by Sept. 18, a gross increase of ~260 million DOGE before redistribution.
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After internal transfers and redistribution, net inflow settled at ~158 million DOGE, with an average entry price near $0.28. Plain-text reporting by on-chain analyst Ali Martinez highlighted this pattern of accumulation.
Whale accumulation can reduce available sell-side supply and signal renewed institutional or large-holder conviction. In this case, the accumulation period aligned with a rapid price surge: DOGE rose ~35% from early August to Sept. 17, with roughly 25% of that gain concentrated in a 14-day window.
Exchange trading volume doubled during the rally, rising from about $450 million average daily volume at the end of August to nearly $1 billion during the September run, reinforcing the price move.
Large-wallet behavior mirrored patterns from the 2021 cycle when wallets holding 1–10 million DOGE expanded as price climbed from $0.05 to $0.73. Reappearance of that stacking behavior, particularly at sub-$0.30 prices, is watched by traders as a potential bullish signal.
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