Dogecoin (DOGE) Price: Whales Are Dumping and Traders Are Shorting - What’s Next?

TLDR

• DOGE dropped 2.48% to $0.082 on August 31, with sell-side pressure outpacing buying for three straight days
• Whales holding between 1M–100M DOGE shed 260 million tokens since August 21
• Open interest fell from $1.58 billion to $1.27 billion as futures traders close long positions
• DOGE ETFs recorded $800,000 in inflows since August 17, with net assets reaching $12.33 million
• Key support sits at $0.082; a break below could push DOGE toward the August low of $0.069

Dogecoin is trading at $0.082 after falling more than 12% over the past week. Selling pressure has dominated for three consecutive days since August 28, with DOGE sold exceeding DOGE purchased by $21 million during that stretch.

Whale wallets are a key part of the story. Santiment data shows that holders with between 1 million and 100 million DOGE shed roughly 260 million tokens since August 21. Smaller whale wallets in the 100,000–1 million range absorbed about 10 million DOGE in the same period — a pattern that often signals distribution rather than accumulation.

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