Dogecoin News Today: Dogecoin Whales Stir Market as ETF Hopes Build

A significant movement in the Dogecoin (DOGE) ecosystem has emerged as a large, dormant Dogecoin wallet moved 10 million DOGE tokens recently, sparking speculation about a potential Dogecoin exchange-traded fund (ETF). This activity occurs alongside broader volatility in the DOGE market, including a notable 48-hour sell-off by whale investors totaling 200 million DOGE, as observed by multiple analysts. The timing of these events aligns with growing expectations surrounding the potential approval of a Dogecoin ETF, with REX Shares reportedly preparing to launch a product under the 40 Act, potentially making it the first U.S.-listed DOGE ETF [2].

The movement of 10 million DOGE, while not reaching the scale of the recent whale sell-off, is notable given the wallet had remained inactive for an extended period. Analysts suggest that this activity could indicate strategic positioning or a shift in market sentiment among large holders. The recent 200 million DOGE sell-off by whales, meanwhile, has raised questions about the underlying stability of the DOGE market. While the price has remained relatively stable at around $0.21, the ongoing outflows from major wallets may signal profit-taking or a lack of confidence in the current price trajectory [1].

The anticipated launch of the REX-Osprey DOGE ETF has generated substantial buzz in the market. Bloomberg ETF expert Eric Balchunas noted that REX Shares may debut the product as early as next week, following the filing of its registration with the U.S. Securities and Exchange Commission (SEC) earlier this year. If approved, the ETF would mark a significant step forward for Dogecoin, potentially attracting institutional inflows and boosting liquidity. This development has already led to price predictions, with some analysts suggesting DOGE could rise to $0.30 or even $1, depending on market dynamics and regulatory progress [1].

Technically, Dogecoin remains in a consolidation phase, trading between $0.208 and $0.223. Current indicators show mixed signals, with the Supertrend indicator in red and the Relative Strength Index (RSI) hovering near 52.5, suggesting a balanced momentum between bulls and bears. A breakout above the upper boundary of the consolidation zone could push the price toward $0.245, while a breakdown below the lower boundary could send it toward $0.19 [1]. Analysts highlight that any move above $0.22 could trigger bullish strength, while a drop below $0.19 may intensify selling pressure.

The broader context of DOGE’s market behavior is shaped by its unique position as a meme coin with a strong community following but limited utility compared to other major cryptocurrencies. Institutional investors, according to some experts, are favoring assets with clear use cases, such as Bitcoin and Ethereum. Despite this, DOGE continues to attract attention, particularly as ETF-related speculation builds. The recent movement of DOGE by dormant wallets and the whale sell-off suggest that the market is in a period of transition, with both retail and institutional players navigating the potential for regulatory developments and price volatility [5].

Source: [1] Dogecoin ETF rumors circle: Is $5 coming for DOGE? (https://ambcrypto.com/dogecoin-etf-rumors-circle-is-5-coming-for-doge/) [2] DOGE Market Update: ETF Nears as Whales Drive Volatility (https://thecurrencyanalytics.com/altcoins/doge-quo-vadis-etf-nears-and-whales-drive-market-volatility-195185) [3] Whale Panic? 200000000 DOGE and 50000000 ADA Sold ... (https://cryptopotato.com/whale-panic-200000000-doge-and-50000000-ada-sold-in-48-hours/?amp) [4] Santiment's Take on Bitcoin, Ethereum and Dogecoin (https://www.coindesk.com/markets/2025/09/06/santiment-highlights-five-of-this-week-s-top-trending-coins-btc-eth-doge-usdt-egld) [5] Bitcoin and Ethereum Hit New Highs—Why Not Dogecoin? (https://finance.yahoo.com/news/bitcoin-ethereum-hit-highs-why-130103311.html) [6] BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LINK, HYPE, SUI (https://cointelegraph.com/news/price-predictions-9-5-btc-eth-xrp-bnb-sol-doge-ada-link-hype-sui)