Dogecoin Whales Accumulate 158 Million Coins Around $0.28, May Signal Renewed Buying Interest

• 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.

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.

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.

Why does this accumulation matter for DOGE price?

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.

What historical context is relevant?

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.

Frequently Asked Questions

How did analysts calculate the 158,000,000 DOGE figure?

Analysts compared snapshots of wallet balances over time, measuring gross increases in 1–10M DOGE wallets, then adjusted for internal transfers to arrive at a net inflow of ~158,000,000 DOGE.

Is whale buying a guarantee of further price gains?

No. Whale accumulation is a bullish indicator but not a guarantee. Price outcomes depend on broader market liquidity, macro conditions, and whether whales hold or redistribute holdings.

How can traders use this information?

Traders can monitor wallet concentration trends, exchange volumes, and price action for confirmation. Use risk management and avoid overrelying on a single on-chain metric.

Key Takeaways

• Significant accumulation: Whales added ~158M DOGE at an average near $0.28, increasing combined holdings to ~11.03B DOGE.
• Price and volume correlation: DOGE rose ~35% in six weeks while exchange volume roughly doubled, lending momentum to the move.
• Historical pattern: Buying mirrors past cycle behavior from 2021; traders should combine on-chain signals with broader market analysis.

Conclusion

This on-chain accumulation by Dogecoin whales—158 million DOGE bought around $0.28 and concentrated in 1–10M DOGE wallets—coincided with a sharp price rally and higher exchange volumes. COINOTAG will continue to monitor wallet concentration and volume trends as part of ongoing coverage; traders should weigh these signals alongside macro factors.