Dogecoin whale activity picked up sharply this week, with transfers worth more than $100,000 rising to 739 in a single day, the highest reading in six months. On-chain data also shows that 149 wallets holding at least 100 million DOGE now control a combined 108.52 billion DOGE. At the time referenced in the source, that stash was valued at about $11.80 billion, marking a record high for collective whale accumulation.
Institutional products expand while fund flows stay mixed
Interest from institutional channels is also growing. The source says Dogecoin was classified as a commodity by regulators in March 2026, and there are now at least five primary Dogecoin ETFs and ETPs trading globally. The newest product is the 21Shares Dogecoin ETP, which began trading four days ago.
Fund flows, though, are not moving in one direction. Crypto investment products logged a fourth straight week of inflows last week, while meme-coin products tied to Dogecoin saw $0.3 million in outflows. Even with that short-term divergence, the source describes institutional adoption and liquidity in DOGE as steadily improving since late 2025.
DOGE outpaces Bitcoin over the week as open interest rises
In the spot market, DOGE gained 10.78% over the past week to trade at $0.1089, after touching $0.1103 on Wednesday. Over the same period, Bitcoin rose just 0.93%. Derivatives activity also strengthened: open interest increased 7% in the past day to $1.71 billion. Short liquidations reached $4.54 million, representing most of the $5.66 million liquidated across the market in that window. The source links that short squeeze dynamic to the token’s 2.78% daily gain.
Technical picture keeps $0.11 in view
On the corporate side, Shuttle Pharmaceutical Holdings and United Dogecoin announced a merger that, according to the source, would make the former the world’s largest publicly traded Dogecoin miner. Technical indicators are less one-sided. DOGE’s RSI stands at 35.37, a level the source says reflects selling pressure outweighing buying pressure, yet the token is still trading above its 30-day simple moving average of $0.091.
That level is now a near-term pivot. Holding above it leaves room for DOGE to retest $0.11, while a break below could open the way to a pullback toward $0.105. The source also notes expectations around a possible role for DOGE in X’s payment system, but adds that there has been no official confirmation.