The OG meme coin is up by over 15% weekly but can it pull further ahead?
The spot DOGE ETFs failed to capture investors’ attention for months, which led to the closure of one such fund. However, they have finally shown signs of life by reaching a new all-time high in terms of weekly inflows.
At the same time, Dogecoin whales have gone on an accumulation spree, which could fuel the next major expansion wave.
Whales Buying
Data shared by the popular crypto analyst Ali Martinez indicated that these large market participants have scooped up over 1.14 billion tokens over the past 96 hours alone. In terms of USD value, the stash is worth $112 million at current prices.
Martinez suggested that whales “appear to be positioning for a bullish breakout” even though the meme coin reached its first major barrier at $0.098 after its 15% weekly rally. The asset remains at that significant level at press time, where roughly 28 billion DOGE previously traded, which makes it an important resistance.
The bulls have been quite dominant as of late, especially since the asset rebounded from the sub-$0.07 lows marked in mid-August. It has challenged the same resistance on several occasions since then but to no permanent avail.
If it manages to break through, Martinez noted that the next big supply wall sits at $0.11 where almost 5 billion tokens previously changed hands. If that one falls too, then $0.20 becomes the next major obstacle, which would mean a surge of over 100% from the current levels.
28 BILLION DOGECOIN RESISTANCE
According to the Cost Basis Distribution Heatmap, roughly 28 billion $DOGE changed hands around $0.098, making it a major resistance zone.
If Dogecoin breaks through $0.098, the next supply wall sits near $0.11, where roughly 4.98 billion DOGE… pic.twitter.com/cXTNwpVAn3
— Ali Charts (@alicharts) September 27, 2026
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DOGE ETFs Hit New Record
Recall that the spot DOGE ETFs went live for trading on Wall Street last November alongside a wider wave of such crypto funds. However, they failed to attract any meaningful attention as there were entire weeks with no net inflows. Inevitably, some market participants decided to close shop, such as Bitwise, which pulled the plug on its DOGE ETF earlier this month.
The past week, though, was significantly more positive. Although the DOGE ETF numbers are still far from most other crypto ETFs, the financial vehicles still reached a new weekly record in terms of net inflows, attracting nearly $2.90 million. The cumulative net inflows have reached an ATH of their own as well, at $15.27 million.
Nevertheless, this number remains quite insignificant and proves that meme coins are not as attractive to ETF investors as other digital assets.
