DOGE Whales Buy $112M as ETF Inflows Hit Record

| cryptopotato.com
Dogecoin (DOGE) has gained about 12%–15% over the past week as whale accumulation and spot DOGE ETF inflows improve market sentiment. In the earlier phase, whales bought about 160 million DOGE worth roughly $17.6 million in 96 hours. The latest update reports purchases of more than 1.14 billion DOGE, valued at about $112 million, suggesting stronger buying from large holders. On-chain data also showed elevated DOGE whale activity, including 739 transactions above $100,000 in one day. Investors holding at least 100 million DOGE increased their combined balance to a record 108.52 billion DOGE. Spot DOGE ETFs recorded nearly $2.90 million in weekly net inflows, lifting cumulative inflows to a record $15.27 million. However, ETF demand remains modest compared with other crypto products, and weak demand previously led Bitwise to close its DOGE fund. DOGE is testing resistance near $0.098, where about 28 billion tokens previously changed hands. A confirmed break could open a move towards $0.11, with $0.20 representing a longer-term resistance target. Traders should also monitor an RSI above 70 and rising exchange netflows, which may signal overbought conditions and potential selling pressure. Whale accumulation and ETF demand are bullish, but confirmation above resistance is important before treating the move as a sustained breakout.
Bullish
The immediate impact on DOGE is moderately bullish. Whale purchases increased from roughly 160 million DOGE in the earlier report to more than 1.14 billion DOGE in the latest update. This signals stronger demand from large holders and could reduce liquid supply if the tokens remain in long-term wallets. Record spot DOGE ETF inflows add another source of demand and may improve market confidence. Short-term risks remain significant. DOGE is testing major resistance near $0.098, while an RSI above 70 suggests that momentum may be overextended. Higher exchange netflows can indicate that holders are preparing to sell, increasing the risk of consolidation or a pullback if DOGE fails to break resistance. ETF inflows are also small compared with those of leading crypto products, so the signal may not yet represent broad institutional demand. In the short term, traders may see higher volatility around $0.098 and $0.11. A sustained breakout could attract momentum buyers and support a move towards higher resistance levels, while rejection could trigger profit-taking. Over the longer term, continued whale accumulation and steady ETF inflows would support a stronger bullish trend, but the earlier speculative $2.20 target or 20-times upside scenario should not be treated as a reliable forecast.