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      Whales Accumulate $112 Million in Dogecoin Amid Price Resistance

      In a significant move within the cryptocurrency market, large holders, often referred to as whales, have purchased over 1.14 billion Dogecoin (DOGE) tokens in just 96 hours, totaling approximately $112 million. This surge in accumulation comes as the price of Dogecoin faces resistance around the $0.10 mark, a level that has proven difficult to breach despite recent bullish activity.

      The trend of whale accumulation has been notable throughout 2026, as tracked by the on-chain analytics platform Santiment. In May 2026, a similar buying spree saw whales acquire 525 million DOGE tokens while the price hovered near its 200-day moving average. More recently, between September 9 and 14, wallets holding at least 100 million DOGE each added around 240 million tokens as the price dipped from $0.091 to $0.081, bringing the total held by these wallets to nearly 19 billion DOGE.

      As Dogecoin trades near the $0.10 level following a 25% rally in late September, the resistance zone between $0.10 and $0.105 remains a critical point for traders. Additionally, futures open interest for DOGE has surged to between $1.5 billion and $1.67 billion during peak trading periods, with short liquidations in DOGE derivatives exceeding $12 million during recent accumulation phases. The concentration of holdings among the top 149 wallets, which control over 108 billion DOGE, raises concerns about market volatility, as their buying and selling decisions can significantly impact prices.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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