- Dogecoin rose over 12% in a week as whale investors accumulated about 160 million DOGE worth roughly $18 million.
- Institutional inflows, rising futures open interest, and bullish technical signals also supported the price increase.
Dogecoin recorded a strong weekly gain as large investors increased their exposure. Buying pressure from whales and institutions helped push the price higher. Market activity also rose across derivatives, and technical indicators turned more supportive.
Whale Buying Accelerates Dogecoin Accumulation
Large holders increased their Dogecoin’s positions during the recent rally. Analysts noted that whales accumulated about 160 million DOGE within 96 hours. This total was valued at roughly $18 million at current prices.
160 million Dogecoin $DOGE were accumulated by whales in the last 96 hours. pic.twitter.com/enrZmDxAcJ
— Ali Charts (@alicharts) May 3, 2026
The accumulation added strong buying pressure to the market. It also signaled renewed interest from high-capital investors.
ETF Inflows and Futures Activity Add Institutional Support
Institutional products tracking Dogecoin also saw fresh inflows. The Grayscale Dogecoin Trust ETF, 21Shares Dogecoin ETF, and Bitwise Dogecoin ETF recorded nearly $460,000 in net inflows for the week ending May 1. Although modest in size, the inflows showed growing participation from traditional investors. This helped reinforce the broader upward move.
Dogecoin derivatives activity increased significantly over the same period. Open interest in DOGE futures rose nearly 30 percent to about $1.77 billion. Trading data also showed stronger bullish positioning. The long-to-short ratio reached 1.8, indicating more traders were betting on price gains.
Technical Indicators Turn More Supportive
Market indicators pointed toward improving sentiment. The Moving Average Convergence Divergence indicator generated a buy signal for DOGE.
The Stochastic RSI also suggested favorable conditions for buyers. Meanwhile, the Bull Bear Power indicator stayed neutral, showing no strong dominance from sellers.
Dogecoin traded around $0.1127 at the time of writing. The price increased by 4.24 percent in the past 24 hours. Over the week, Dogecoin gained more than 12 percent. The move reflected stronger demand from both retail and institutional participants.
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