Dogecoin News Today:

A long-dormant Dogecoin (DOGE) wallet has recently transferred 10.3 million DOGE, valued at approximately $2.25 million, after being inactive for nearly two years. According to on-chain analytics from Arkham, retrieved by Finbold on September 7, the movement has drawn attention as it coincides with growing speculation around the launch of the first Dogecoin exchange-traded fund (ETF). The transaction occurred on Binance and was flagged by on-chain tracking account @OnchainLens, who noted that the funds were transferred to a publicly visible receiving address for further monitoring. The average value per DOGE in the transaction was calculated at approximately $0.217, based on the total amount and its dollar valuation.

This whale activity has intensified discussions around the upcoming REX-Osprey Dogecoin ETF, which is set to launch on September 9, 2025 under the ticker DOJE. Unlike traditional spot ETFs, DOJE is structured under the Investment Company Act of 1940 and will not hold Dogecoin directly. Instead, it will gain exposure via derivatives, such as futures and swaps, as well as through a portion of its assets in cash and other instruments. Rex-Osprey’s prospectus indicates that approximately 80% of the fund’s assets will be allocated to Dogecoin-related derivatives. This approach mirrors the strategy used for the firm’s recent Solana staking ETF, which was launched using a similar regulatory framework to bypass the more contentious spot ETF approval process.

The broader market response to this development has been mixed. As of the latest available data, Dogecoin was trading at $0.22, showing a 2.5% increase in the past 24 hours and a 3.5% rise over the past week. Technical indicators suggest a moderately bullish short-term outlook, with the 50-day simple moving average (SMA) sitting just above the current price at $0.224. However, the 200-day SMA stands at $0.198, suggesting continued support for the coin’s longer-term trend. The 14-day RSI is currently at 47.82, indicating neutral market conditions with potential for price movement in either direction.

The emergence of this ETF is also drawing regulatory attention. The U.S. Securities and Exchange Commission (SEC) is currently considering new listing standards that could expedite the approval of single-asset crypto ETFs. These potential changes, if implemented, could pave the way for additional ETFs linked to tokens such as Solana and XRP. Meanwhile, several major ETF issuers, including Grayscale, Bitwise, and 21Shares, have submitted applications for Dogecoin spot ETFs, which are among over 90 exchange-traded products currently under SEC review. Analysts like Bloomberg’s Eric Balchunas expect favorable outcomes for some of these applications, particularly for well-established altcoins like Litecoin and XRP.

From an on-chain and market psychology perspective, the reactivation of such a large wallet has historically been a precursor to significant price movements. Traders are closely monitoring the situation, especially in pairs such as DOGE/USDT and DOGE/BTC, as whale behavior can influence liquidity and sentiment. Additionally, this withdrawal occurred at a time when Dogecoin’s network activity, including active addresses and transaction volume, has been rising, further supporting the potential for continued bullish momentum. The whale’s movement may also reflect strategic accumulation or preparation for the ETF launch, which could further solidify institutional interest in Dogecoin.

Source: [1] Dormant Dogecoin wallet wakes up with 10 million move ... (https://finbold.com/dormant-dogecoin-wallet-wakes-up-with-10-million-move-ahead-of-etf-launch/) [2] 10.366M DOGE Whale Withdrawal From Binance After 2-Year Dormancy — $2.25M On-Chain Alert for Traders (https://blockchain.news/flashnews/10-366m-doge-whale-withdrawal-from-binance-after-2-year-dormancy-2-25m-on-chain-alert-for-traders) [3] First Dogecoin ETF set to launch — but it's a different breed (https://finance.yahoo.com/news/first-dogecoin-etf-set-launch-151036858.html) [4] Dogecoin may see first-ever ETF launch next week: Analyst (https://cointelegraph.com/news/dogecoin-etf-united-states-launch-next-week-analyst) [5] Dogecoin (DOGE) Goes Institutional: REX Shares' ETF ... (https://cryptopotato.com/dogecoin-doge-goes-institutional-rex-shares-etf-likely-to-launch-very-soon/)