158,000,000 elves bought by whales – What is happening?

TL; Dr.

• Dege Whales added 158 million coins as the price increased, which pointed out the intelligent money that entered before a possible increase.
• $ 0.29 is still a great resistance; A break could activate a rapid movement towards $ 0.36 and $ 0.45.
• The launch of Dogecoin ETF saw a volume of $ 17 million, classifying among the five best debut of ETF in the United States.

Large wallets add dux before the price increase

More than 158 million Dogecoin (Doge) have been added to the wallets between 1 million and 10 million currencies, according to data in the chain shared by the cryptographic analyst Ali Martínez. This increase brought the total of this group of wallets above 11 billion duxt.

See more

Whales bought more than 158 million Dogecoin $ Dux! pic.twitter.com/9murge5gmf

– Ali (@ali_charts) September 19, 2025

It is worth noting that, although this whale cohort (1,000,000-10,000,000 million coins) had begun to react to this level, the same cannot be said about the most recent movements of larger investors (100,000,000-1,000,000 of currencies).

Remember that the last group of Dux headlines discarded approximately 680 million tokens in the period of only four days, as recently reported.

Doge is quoted at $ 0.28 at the time of writing. It has dropped 1% in the last 24 hours, but 5% rose for the week. The negotiation volume during the last day crossed $ 3.95 billion.

$ 0.29 resistance level still at stake

Dege has tested the price level of $ 0.29 several times since March without a confirmed break. The graphics published by Martinez show four separate price peaks around this point that were followed by a setback. The asset is approaching this area again. Said,

“Breaking $ 0.29 will send $ Dogin flying at $ 0.36 and even $ 0.45”.

This view is based on the following areas where the price was previously stagnated. These levels are being observed by operators seeking follow -up if $ 0.29 are violated.

Dege is currently quoted just below this level. A break would mark the first closure above $ 0.29 in months. Until then, it is still an important resistance zone.

Buyers defend support about $ 0.263

Tardigrade Trader published a table that shows how Dege has been reacting to the fibonacci recoil 0.382, which is about $ 0.263. In their analysis, three daily candles showed acute dives at this level, followed by rapid recoveries.

They noticed: “Nice wicks to FIB 0.382” referring to the rejection of prices at that level. The three attempts to push below $ 0.263 met buyers intervening before the candle closed. The area has so far maintained as support.

In particular, there is still the possibility that the price can visit this level again, but if it is maintained, merchants expect a movement towards the maximums recent. The previous local peak about $ 0.31– $ 0.32 remains the following area to see if the upward trend continues.

Doge ETF launch draws volume

On Thursday, the ETF Rex-Osprey Dogecoin (Ticker: Doje) was launched in the USA., Taking Doge to public markets in a new format. The product attracted $ 17 million in negotiation volume on its first day, placing it among the five largest ETF launches of the year.

This came next to the debut of another cryptographic ETF linked to XRP. Both listings suggest a growing demand for spot cryptographic funds beyond Bitcoin or Ethereum. While dege is often known as a memes -based currency, this ETF shows that there is a growing interest in tracking it through traditional financial products.

The recent Doge movements, combined with the ETF market entry and the growing accumulation of larger holders, have added impulse to current market discussions.