DOGE dilemma deepens: ETF lacks interest, whale accumulation hints at imminent selling

【Crypto World】DOGE has encountered quite a few troubles since 2026. The price has broken below $0.12, dropping over 70% from its all-time high. Frankly, the rebound prospects are not very optimistic.

Spot DOGE ETFs are a window of opportunity. Data shows that these products have limited appeal—most trading days see zero net inflow, with total assets around $5.07 million. This indicates that both institutions and retail investors have little interest.

What’s more concerning is the on-chain activity. A major wallet of a leading exchange saw its DOGE balance surge from 7.9 billion to 10.9 billion during 2025, an increase of 3 billion. Where did this money come from? If it was accumulated through market buying, why? Industry insiders generally interpret this as a possible preparation for large-scale selling. The actions of whales often signal market turning points.

Retail investors have long since exited. Google Trends data shows that retail investors’ search interest has fallen to a five-year low. On the other hand, companies like CleanCore Solutions are holding deep losses, with paper losses on DOGE holdings already a certainty.

Overall, DOGE faces quite tangible pressure in the short term.