Dogecoin posts strongest 2026 monthly gain as selling pressure emerges

  • Dogecoin gained 21.4% in August 2026 according to CoinGecko, while another calculation cited a 25% monthly increase.
  • DOGE fell 2.48% to about $0.082 on August 31 after retreating roughly 14% from its $0.100 August high, and futures open interest dropped from $1.58 billion to $1.27 billion.
  • Whale selling and derivatives deleveraging offset modest exchange-traded-product inflows, leaving support at $0.082 and $0.081 critical for the recovery.

Dogecoin gained 21.4% in August 2026, according to CoinGecko, marking its strongest monthly performance of the year, although another calculation cited a 25% gain. DOGE fell 2.48% to about $0.082 on August 31, extending three days of net selling and pushing its weekly loss above 12% after retreating roughly 14% from the $0.100 monthly high. Santiment data showed wallets holding 1 million to 100 million DOGE sold about 260 million tokens from August 21, while smaller whale wallets bought roughly 10 million; this contrasted with earlier reports of more than 430 million DOGE accumulated and an accumulation score of 100. Futures open interest declined from $1.58 billion to $1.27 billion as leveraged longs were unwound, with $5.96 million in long liquidations versus $833,000 in short liquidations. DOGE exchange-traded products attracted $800,000 over two weeks, lifting net assets to $12.33 million, but traders continued to watch support near $0.082 and $0.081, with a break potentially exposing $0.069 or an analyst target near $0.07.

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