Dogecoin falls 4% despite whale accumulation as ETF inflows reach $248,510

  • Dogecoin fell 4% to $0.079 below its 50-day exponential moving average.
  • Whale wallets added 240 million DOGE, taking holdings to nearly 19 billion.
  • Dogecoin ETFs received $248,510 on September 16, entirely through Grayscale’s GDOG.

Dogecoin fell about 4% to $0.079, moving below its 50-day exponential moving average at $0.081 as broader cryptocurrency markets weakened after the US Senate rejected the CLARITY Act. Bitcoin declined 0.8% and Ethereum lost 1.6%, while US-listed cryptocurrency ETFs recorded nearly $600 million in net withdrawals on September 16, the largest single-day outflow since June 2026. Despite the pressure, whale wallets holding at least 100 million DOGE accumulated 240 million tokens between September 9 and September 14, bringing their holdings to nearly 19 billion DOGE, or about 12.18% of circulating supply. Dogecoin ETFs attracted $248,510 on September 16, entirely through Grayscale’s GDOG, while Bitwise’s DOGE ETF and 21Shares’ TDOG reported no inflows. Ali Martinez identified an on-chain support area near $0.0813 and upside targets of $0.1552 and $0.1774 if that level holds. Conversely, three closes below the descending triangle’s lower trendline could point to $0.069; DOGE would need to recover above $0.086 to improve its near-term outlook. The token remained up 14.53% over 30 days, with 24-hour volume previously reported at $732.06 million.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.