- Whales accumulated 158M DOGE as Thumzup dropped $2M and moved into Dogecoin mining with DogeHash.
- The first U.S. Dogecoin ETF ($DOJE) launched, hitting $17M volume on day one.
- DOGE trades near $0.275, with upside targets at $0.36–$0.45 if $0.29 breaks, but risks a drop to $0.23 if $0.26 fails.
Dogecoin’s been moving sideways, but under the surface things are heating up. Whales have quietly scooped up more than 158 million DOGE, and institutions are back in the game too. Even better, the very first Dogecoin ETF has landed in the U.S., making meme coin exposure a whole lot more mainstream.
Whale Moves & Thumzup’s Big Bet
On-chain data shows whales didn’t blink at the recent price dip. In just a few days, 158M DOGE worth around $42 million was added to wallets. While retail traders seemed spooked by the 25% drop in volume, bigger hands kept stacking.
Thumzup Media Corporation also went public with its own buy — $2 million worth of DOGE at an average of $0.2665. But that’s not all. They’re planning to dive into mining by snapping up DogeHash, which already runs 2,500 rigs with another 1,000 coming online soon. Earlier this year, Thumzup raised $50M to back these kinds of moves, basically signaling they see DOGE as more than just a meme play.
First U.S. Dogecoin ETF Goes Live
Thursday marked a milestone. The REX-Osprey Dogecoin ETF ($DOJE) launched alongside an XRP ETF, and together they saw $55M in day-one volume. DOJE alone clocked in at $17M. With SEC approval under the Investment Company Act of 1940, the product skipped the messy delays other crypto ETFs faced. It’s a legit step toward bringing DOGE into the institutional spotlight.
Price Setup: Can DOGE Double?
Right now, DOGE trades near $0.275, parked in the middle of an ascending wedge pattern. RSI sits at 62 — healthy momentum, not overheated. Accumulation data is pointing upward too, which usually suggests demand is quietly building.
If bulls push through the $0.29 resistance, analysts like Ali Martinez say the path to $0.36 opens fast, maybe even stretching toward $0.45. That would be nearly a 2x move from here. But caution’s still in the air: losing $0.26 support could drag DOGE back to $0.23–$0.24, where dip buyers would likely step in. Slip lower than that, and the bullish wedge setup could fall apart.
