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Whales Boost DOGE Holdings as U.S. ETF Debuts and Price Nears Key Resistance

Heavy short positioning leaves DOGE vulnerable to sharp liquidations on the next decisive move.

Overview

  • On‑chain data show large holders added to positions this week, including a 158 million DOGE build in 1–10 million coin wallets and about 910 million DOGE accumulated by 100 million–1 billion coin addresses over four days.
  • DOGE trades in the mid‑$0.27 range with traders focused on a $0.2698–$0.2914 band that clusters major liquidation levels, per CoinGlass.
  • Derivatives positioning skews short, with roughly $124.3 million in shorts versus $41.5 million in longs near key triggers, increasing the risk of amplified moves.
  • The REX‑Osprey Dogecoin ETF (DOJE) began trading on U.S. exchanges with about $17 million in first‑day volume, with sponsors citing approval under the Investment Company Act of 1940.
  • Thumzup Media confirmed an open‑market purchase of roughly 7.5 million DOGE at an average of $0.2665 and outlined plans tied to DogeHash mining, while analysts map upside targets near $0.36–$0.45 and warn a failure of support could revisit ~$0.23.