Dogecoin News Today: Whales Accumulate Dogecoin Amid Presale Frenzy and Bullish On-Chain Signals

Dogecoin (DOGE) has remained relatively stable around $0.2173 in recent trading sessions, reflecting a period of consolidation after a sharp 10% decline in the previous week. Despite this downward movement, the cryptocurrency continues to trade above key short-term moving averages on both daily and weekly charts, with on-chain indicators suggesting a potential accumulation phase. The broader trend, however, remains bullish, with all major exponential moving averages sloping upward, indicating that the price could break out of its current range before the anticipated September rate cut [1].

In parallel, a new memecoin project called BullZilla has launched its presale at a price of $0.00000575, drawing attention from retail investors seeking high-risk, high-reward opportunities. While not directly related to Dogecoin, BullZilla’s emergence highlights the broader trend of investors rotating out of established meme coins like DOGE and into newer presale projects with potentially higher reward-to-risk ratios. Maxi Doge, another prominent presale token inspired by Dogecoin’s success, has also raised $1.5 million in its initial offering, with a presale price of $0.000254. Analysts suggest that the volatility and meme-driven culture of the sector make presale tokens particularly appealing to speculative traders [1].

Notably, on-chain data reveals that Dogecoin whales continue to accumulate the asset despite its recent price dip. A new whale wallet, for instance, withdrew 32.9 million DOGE (worth $6.96 million) from Binance, signaling confidence in long-term price appreciation. Such activity is often seen as a positive indicator for the market, as it suggests that major holders are preparing for potential price recoveries. Additionally, whale wallets now control 27.7% of the total DOGE supply, with reduced exchange liquidity hinting at increased institutional interest [1].

The broader memecoin landscape is also experiencing significant movement, with Shiba Inu (SHIB) seeing large outflows from exchanges. Specifically, 60.4 billion SHIB moved off exchanges into retail and smart money wallets, indicating a buying frenzy that could also benefit presale tokens like Maxi Doge. While SHIB is currently trading above key accumulation zones, the lack of fundamental utility and inflationary supply models for many meme coins has led to increased scrutiny and a shift in focus toward projects with deflationary mechanics and staking rewards [1].

Looking ahead, the approval of spot Dogecoin ETFs by the SEC could serve as a major catalyst for the asset. Analysts estimate that such a development could unlock $1.2 billion in institutional inflows, mirroring the impact seen with Bitcoin’s ETF approval in earlier 2025. While DOGE has historically struggled with price sustainability due to its inflationary supply model, newer projects are experimenting with capped supply and token-burning mechanisms to create scarcity. These innovations are being closely watched by both retail and institutional investors as potential blueprints for the next generation of meme-based crypto assets [2].

Source: [1] Dogecoin Live News Today: Latest Insights for Doge ... (https://bitcoinist.com/dogecoin-live-news-august-26-2025/) [2] Dogecoin (DOGE) News, Analysis and Forecast (https://www.fxstreet.com/cryptocurrencies/dogecoin)