Dogecoin Price Falls 3% on Sept 26: Will Whale Buying and ETF Hype Spark a Comeback?

Jakarta, Market Door – The Dogecoin (DOGE) price may have hit the bottom of its correction phase. The most popular meme coin with a market capitalization of around $36.8 billion saw a 2% increase on September 25, briefly reaching a daily peak around $0.2497 before dropping back down and trading around $0.2429.

Then, how is DOGE’s current price movement?

Dogecoin Price Drops 3.54% in 24 Hours

On September 26, 2025, Dogecoin slipped 3.54% over the past 24 hours, trading at $0.2266, or about IDR 3,813. During the same period, DOGE fluctuated between IDR 3,971 and IDR 3,722.

As of now, Dogecoin’s market capitalization is approximately IDRV573.53 trillion, with a 24-hour trading volume of around IDR 68.59 trillion.

Read also: Ethereum Price Drops to $3,900 on Sept 26 — Is a Deeper Decline Ahead?

Technical Support

According to Coinpedia (26/9), the Dogecoin price had rebounded as of September 25, partly driven by technical factors. The dog-themed meme coin has been forming a rising wedge pattern since early April 2025.

After dropping to 23 cents due to the liquidation of $1.7 billion worth of leveraged positions in the crypto market, the price of DOGE is again testing the lower boundary of the rising wedge pattern. With this, Dogecoin is in a strong enough position to consolidate, similar to the previous two lower boundary tests before finally moving up towards the upper boundary.

As the Dogecoin price gets closer to the top of the rising wedge pattern on the daily chart, a consistent price close on either side will determine the direction of the trend in the coming months.

Re-Accumulation by ETF Whale & Hype Investors

According to Santiment’s analysis of on-chain data, Dogecoin addresses holding between 100 million and 1 billion coins have accumulated an additional 2 billion DOGE in the last two days. As such, this group of whale investors now controls a total of 29.16 billion DOGE.

Read also: Bitcoin Price Sinks to $109K Today, But Analysts See a Rebound Ahead Following Fed Trends

Furthermore, the Dogecoin price was also boosted by the euphoria surrounding the launch of spot exchange-traded funds (ETFs). ETF data shows that the recently approved REX – Osprey Dogecoin ETF, otherwise known by the ticker DOJE, has recorded net fund inflows of more than $8.7 million since September 18.

It is expected that there will be more spot-based DOGE ETFs approved in the near future, especially after the United States SEC authorized a common listing standard for spot crypto ETFs.

Some of the fund managers that are proposing DOGE spot ETF products include 21Shares, Bitwise, and Grayscale Investments.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. DOGE Price Prediction: Dogecoin Whales Accumulation Signals Trend Reversal. Accessed on September 26, 2025