Dogecoin
Large Holders Accumulate 240 Million Dogecoin During Price Slump
On-chain data indicates large wallets acquired roughly $20 million in Dogecoin as the token traded lower in mid-September.
Large-tier cryptocurrency addresses accumulated 240 million DOGE between September 9 and September 14, according to blockchain data from analyst Ali Martinez. During that five-day window, Dogecoin's market price declined from $0.091 to $0.081, placing the total value of the accumulated tokens at approximately $20 million based on prevailing rates.
By September 20, 2026, Dogecoin stood at $0.0847, down 3.5% over 24 hours with a daily range between $0.0846 and $0.0911. The asset's market capitalization hovered around $13.2 billion with 24-hour trading volume of $1.04 billion. Accompanying the wallet accumulation, CoinGlass reported net exchange outflows of $39 million across trading platforms during the same week.
While exchange withdrawals are frequently cited in market commentary as accumulation signals, on-chain movements also reflect custodial rebalancing and internal platform transfers between hot and cold storage. Because blockchain data records address activity rather than transaction motives, wallet shifts do not conclusively indicate directional market intent.
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