- Major Dogecoin holders accumulated approximately 300 million DOGE over the past week.
- Short-term investors sold off DOGE at a loss during a recent market correction.
- Recent events include a spot DOGE ETF filing and the acquisition of a Dogecoin mining company by a Trump family-backed firm.
- The profitability of short-term Dogecoin holders fell to around 9% after the correction.
- Experts suggest this trend reflects a transfer from short-term holders to long-term investors, indicating possible stability ahead.
Large holders of Dogecoin, also known as “whales,” accumulated roughly 300 million DOGE tokens in the past week. This occurred as short-term investors sold their coins during a price dip.
Market data showed that around 271 million DOGE were sold at a loss on August 15. This happened shortly after the price of Dogecoin dropped by 16% between August 13 and 14, marking a local low point.
Over the same week, wallets holding between 100 million and 1 billion DOGE increased their total holdings to nearly 27 billion DOGE. According to Santiment data, retail investors sold at a loss, while larger holders took advantage of the discount. Jordan Jefferson, CEO of Dogecoin app DogeOS, said, “This looks like the community shaking out short-term price chasers while long-term believers add to their stacks.” He added, “Supply is moving into steadier hands that care about Dogecoin’s future rather than the daily chart.”
This activity comes after headline developments including Grayscale‘s filing for a spot Dogecoin ETF and news of a Dogecoin mining company acquired by a Trump family-backed group. The U.S. Securities and Exchange Commission (SEC) has delayed its decision on the DOGE ETF, but these moves have drawn attention to Dogecoin’s role in institutional investing and mainstream use.
Jefferson explained that retail traders often react to market headlines, while large holders focus on long-term growth and practical uses for Dogecoin. This behavior, experts state, may mark a period of healthy consolidation, where ownership shifts from short-term speculators to investors with a longer outlook.
Other details include that short-term DOGE holders saw average profitability drop to 9% as of August 19, highlighting selling at a loss. This shakeout, experts suggest, does not signal concern but points toward greater price stability as the asset moves into stronger hands.
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