Dogecoin Whales Buy the Dip as DOGE Hit 14-Month Low

Meanwhile, the spot DOGE ETFs continue to disappoint with lackluster performance.

The leading meme coin was not spared from the market-wide calamity at the end of the previous business week, and its subsequent recovery is yet to impress.

However, this has allowed large investors to accumulate at lower prices. Santiment data shared by popular analyst Ali Martinez shows that the so-called whales have acquired over 200 million tokens in the past week alone.

The graph below demonstrates that their DOGE holdings kept increasing in the past several days, hitting 18.84 billion coins.

Over the past week alone, whales have accumulated more than 200 million Dogecoin $DOGE. https://t.co/PZF6Vdi85j pic.twitter.com/FW7XZig7YG

— Ali Charts (@alicharts) June 10, 2026

As mentioned above, DOGE was swept last week, especially on Friday, dipping below $0.08 for the first time since February 2025. Despite recovering slightly to $0.084 as of press time, the OG meme coin remains highly depressed, at 89% away from its May 2021 all-time high.

Martinez also warned recently that DOGE could be on the verge of a more profound decline if certain metrics align. As reported, he noted that the meme coin’s price action has followed multi-year consolidation channels, where it has repeatedly moved through extended ranges that compress volatility and redistribute supply before larger cycles begin.

Citing several on-chain metrics, he explained that DOGE could drop to $0.058 if the $0.081 floor gives in.

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Meanwhile, data from SoSoValue clearly shows that ETF investors have not expressed any interest in the largest meme coin. More specifically, there has been only one day of actual inflows since May 19: all the rest have seen no reportable action.

The three funds tracking the asset’s performance have attracted a very modest $12.44 million since their inception in late November 2025.