Dogecoin Whales Buy Dip As DOGE Hits 14-Month Low

Meanwhile, the spot DOGE ETF continues to underperform.

The leading mem coin did not survive the market-wide rout at the end of last business week, and its subsequent recovery has yet to be surprising.

However, this allowed large investors to accumulate at low prices. According to Cointime data shared by renowned analyst Ali Martinez, the so-called whales have acquired more than 200 million tokens in the past week alone.

The graph below shows that DOGE holdings have continued to rise over the past several days, hitting 18.84 billion coins.

In the past week alone, whales have accumulated over 200 million Dogecoin $DOGE. pic.twitter.com/FW7XZig7YG

— Ali Charts (@alicharts) June 10, 2026

As mentioned above, DOGE has rallied over the past week, especially on Friday, dropping below $0.08 for the first time since February 2025.

Martinez recently warned that DOGE could be in a deep recession if certain parameters are adjusted. As reported, MemCoin's price action has followed multi-year consolidation channels, which have repeatedly moved into extended ranges that compress volatility and redistribute supply before larger cycles begin.

Citing several chain metrics, he explained that DOGE could drop to $0.058 if the $0.081 floor is entered.

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Meanwhile, data from SoSoValue clearly shows that ETF investors have shown no interest in the big meme coin. Notably, there was only one day of actual inflows since May 19: all others saw no reportable action.

The three funds that track the asset's performance have attracted a modest $12.44 million since their inception in late November 2025.