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Dogecoin Clings to $0.22 Support as Whales Accumulate and ETF Draws Early Inflows

Whale accumulation alongside early ETF inflows tests whether the meme coin can hold that floor.

Overview

  • DOGE trades near $0.22 after a roughly 17% weekly drop, with traders framing the level as the immediate line between a rebound and further losses.
  • Large holders bought about 2 billion DOGE in 48 hours—roughly $480 million—lifting whale reserves above 29 billion tokens, analysts report.
  • Whale Alert flagged a 122.4 million DOGE withdrawal from Binance to self-custody, a move typically read as long-term positioning that reduces exchange supply.
  • The newly listed REX‑Osprey spot Dogecoin ETF has reported about $8.7 million in early inflows, signaling initial institutional interest though on a modest scale.
  • Coinglass tracked roughly $14.9 million in DOGE liquidations over 24 hours, as analysts say holding $0.22 could open retests of $0.30–$0.35, with failure risking slides toward $0.18 and $0.14.