Why did the price of DOGE go up?
Dogecoin (DOGE) jumped 12.8% in the last 24 hours, bouncing back strongly after last week’s sudden price drop. Here’s why:
- Whales Moving Into Dogecoin – Big investors shifted money into DOGE, seeing it as a chance for a quick recovery.
- Crypto Market Rebound – The overall crypto market grew by 6.6%, with altcoins like DOGE leading the way.
- Technical Support Bounce – DOGE’s price recovered after hitting important support levels between $0.114 and $0.156.
In-Depth Look
1. Big Investors Buying Dogecoin (Positive Sign)
What happened:
After a huge $19 billion sell-off across the crypto market on October 10, memecoins like DOGE gained back $10 billion by October 13. Data shows that three groups of large DOGE holders (called whales) bought about 550 million DOGE, worth $114 million, since the crash. This is the biggest buying activity since mid-September.
Why it matters:
These whales are using DOGE as a way to protect themselves against market ups and downs, betting on its popularity and easy trading. The ratio of DOGE to Bitcoin increased by 80% after the crash, showing money moving into riskier assets like DOGE.
What to watch:
If whales keep buying and DOGE’s price goes above the 200-day moving average ($0.206), it could spark a buying frenzy (FOMO).
2. Overall Market Mood Improves (Mixed Impact)
What happened:
Crypto markets bounced back after former President Trump eased his tough stance on trade with China on October 12, reducing worries about a long trade war. The total crypto market value rose 6.6%, with DOGE outperforming Bitcoin (up 12.8% vs. Bitcoin’s 1.9%).
Why it matters:
DOGE gained from a better mood among investors but could still be affected by any new geopolitical news. The Fear & Greed Index, which measures market sentiment, improved from “Fear” (31) to “Neutral” (40).
3. Price Rebounds From Key Technical Levels (Positive)
What happened:
DOGE’s price bounced off the 61.8% Fibonacci retracement level at $0.156, a key technical support from its 2024–2025 rally. The Relative Strength Index (RSI) moved out of oversold territory (40.73), and the MACD indicator shows that downward momentum is slowing.
Why it matters:
Traders saw the price drop as a chance to buy near strong support. However, DOGE faces resistance at the 50-day moving average ($0.248), which is about 19% higher than current prices.
Summary
Dogecoin’s recent price jump shows investors are willing to take more risks after the crash, helped by big buyers and technical factors. While the overall market is recovering, DOGE is still 24% below its 30-day high of $0.275.
Key point to watch: Can DOGE stay above $0.20? If it falls below this important level, the recovery might lose steam.
What could affect the price of DOGE?
Dogecoin is caught between its fun, meme-driven appeal and real-world economic challenges.
- Block Reward Debate – There’s a proposal to cut Dogecoin’s new coin creation by 90%, but miners are pushing back. This raises concerns about network security versus the potential benefits of making Dogecoin scarcer.
- ETF Speculation – The U.S. Securities and Exchange Commission (SEC) has delayed decisions on Dogecoin exchange-traded funds (ETFs), with a key deadline on October 17 that could open the door for more institutional investment.
- Whale Accumulation – Large investors bought 550 million DOGE within 24 hours after a recent price drop, showing confidence but also increasing the risk of sudden price swings if they decide to sell.
Deep Dive
1. Block Reward Cut Proposal (Mixed Impact)
Overview: A proposal on Dogecoin’s official GitHub (Discussion #3777) suggests reducing the number of new Dogecoin coins created each year from 5 billion to 500 million. This would lower inflation from about 3.3% to 0.33%. However, developers warn that making such a big change after 11 years could break trust with users. Miners, who earn rewards by validating transactions, worry that cutting rewards by 90% could hurt network security if Dogecoin’s price doesn’t rise enough to make up for the loss.
What this means: If approved, Dogecoin would become scarcer, which could be good for its price in the long run. But if miners leave because rewards are too low, the network could become less secure. If the proposal is rejected, Dogecoin will keep its current inflation rate but maintain network stability.
2. ETF Regulatory Hurdles (Bullish/Bearish Catalyst)
Overview: The SEC has postponed decisions on Dogecoin ETFs from companies like Grayscale and 21Shares (CoinTelegraph), with a final decision expected by October 17. If approved, these ETFs could bring in significant institutional money, similar to what happened with Bitcoin ETFs. However, Dogecoin doesn’t have regulated futures markets, which makes SEC approval more complicated.
What this means: Approval could bring more serious investors into Dogecoin, potentially boosting its price. On the other hand, rejection would mean Dogecoin remains mostly driven by retail investors and speculative trading. The SEC’s cautious stance on meme coins like Dogecoin adds an extra layer of uncertainty.
3. Whale-Driven Sentiment Swings (Neutral Impact)
Overview: After a price drop on October 10, large holders (whales) bought 550 million DOGE, worth about $113 million (U.Today). This buying helped reverse a three-week selloff. However, Dogecoin’s trading volume relative to its supply is low compared to other cryptocurrencies, meaning that big moves by whales can cause bigger price swings.
What this means: Whale buying can support Dogecoin’s price and create a floor, but because the market isn’t very deep, if these large holders decide to sell quickly, it could trigger sharp price drops. Keep an eye on the $0.213 level, which is an important technical support point.
Conclusion
Dogecoin’s future depends on finding the right balance between rewarding miners, reducing new coin supply, navigating regulatory decisions, and managing large investor activity. While hopes for ETF approval and lower issuance could drive price rallies, risks like U.S.-China trade tensions and shifts in the meme coin market could push prices down.
Will miners agree to the block reward cut, or will the Dogecoin community find a way to reduce inflation without causing division?
What are people saying about DOGE?
Dogecoin’s community swings between meme-inspired excitement and cautious technical analysis. Here’s what’s making waves right now:
- Big investors (whales) are betting on a breakout above $0.30
- Speculation around a Dogecoin ETF is heating up
- Key price support at $0.22 is being tested
Deep Dive
1. @Defi_Edward: DOGE’s Symmetrical Triangle Breakout – Bullish
“$DOGE broke out of a symmetrical triangle pattern that lasted several months, with trading volume tripling – target price $0.60. The MVRV Z-Score at 1.35 is similar to the setup before the November 2023 rally.”
– @Defi_Edward (1.2M followers · 4.8M impressions · 2025-09-15 09:30 UTC)
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What this means: This is a positive sign for Dogecoin. Symmetrical triangles often signal a big price move is coming. The MVRV Z-Score, which measures how undervalued or overvalued the coin is compared to past peaks, suggests there’s room for the price to rise.
2. @johnmorganFL: Grayscale’s DOGE ETF Update – Mixed
“Grayscale has refiled its application for a Dogecoin Trust ETF (GDOG). The SEC is expected to decide by October 2025. Market odds of approval stand at 51%, according to Polymarket.”
– @johnmorganFL (890K followers · 2.1M impressions · 2025-08-17 08:59 UTC)
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What this means: This news has both upsides and downsides for Dogecoin. Approval of the ETF could bring in big institutional investors, boosting demand. But delays or rejection by regulators could cause price swings. The roughly even odds show the market is uncertain.
3. Community Post: Whale Accumulation vs. Support Test – Neutral
“Whales have bought 200 billion $DOGE in the past week, but the price is struggling to hold the $0.22 support level. Long positions liquidated at $48 million, shorts at $26 million.”
– Anonymous analyst (Post impressions: 320K · 2025-08-16 10:28 UTC)
What this means: This is a neutral signal. Large investors buying Dogecoin shows confidence, but the price repeatedly testing the $0.22 support level suggests momentum is weak. If the price falls below this level, it could trigger a wave of selling.
Conclusion
The overall outlook on Dogecoin is mixed, balancing meme-driven enthusiasm with cautious technical signals. Traders are watching the $0.22 to $0.25 price range closely, while institutional interest depends on the upcoming ETF decision. Keep an eye on the SEC’s October ruling and Bitcoin’s market dominance (currently 58.87%)—if Bitcoin’s share drops below 55%, it could spark renewed rallies in alternative coins like Dogecoin.
What is the latest news about DOGE?
Dogecoin is gaining momentum after a recent market drop, driven by big investors and excitement around a potential ETF. Here’s the latest update:
- Post-Crash Bounce (October 13, 2025) – DOGE jumped 12.5% as the market recovered from a sell-off triggered by trade tensions.
- Big Investors Buying (October 13, 2025) – Large holders purchased 550 million DOGE, the biggest buy since September.
- ETF Update (August 17, 2025) – Grayscale revised its Dogecoin ETF application; the SEC is expected to decide by October 2025.
Detailed Overview
1. Post-Crash Bounce (October 13, 2025)
What happened:
Dogecoin’s price rose 12.5% within a day, helping lead a crypto market recovery after a $19 billion sell-off on October 10. The crash was sparked by U.S.-China trade tensions when former President Trump threatened to impose 100% tariffs, causing Bitcoin to drop 16% and Dogecoin to fall as much as 37% during the day. The market started to recover when Trump eased his stance, saying “don’t worry about China.”
Why it matters:
This shows how sensitive Dogecoin is to big economic events and hype-driven trading. Although the price rebound suggests confidence from both everyday investors and large holders, the market’s Fear & Greed Index remains low at 31, indicating caution. The $0.20 price level is an important support to watch.
(Source: Cointelegraph)
2. Big Investors Buying (October 13, 2025)
What happened:
After the crash, large investors (often called whales) bought 550 million DOGE, worth about $113 million. This is the biggest buying spree since mid-September. Data also shows a $4.97 million purchase of PEPE tokens and $1 million in USDC set aside for more buys, suggesting investors are using meme coins to manage risk.
Why it matters:
This behavior is similar to 2021 when whales used Dogecoin as a high-risk, high-reward investment during market recoveries. The DOGE to Bitcoin price ratio has bounced back 80% from its lows, which traders see as a positive sign—especially if Bitcoin’s price stabilizes.
(Source: AMBCrypto)
3. ETF Update (August 17, 2025)
What happened:
Grayscale updated its application for a Dogecoin Trust ETF (ticker: GDOG), including a feature called in-kind redemptions—a method the SEC has approved for Bitcoin ETFs. The SEC is expected to make a decision by late October 2025, with analysts estimating a 60-70% chance of approval.
Why it matters:
If approved, this ETF would help Dogecoin move from being seen as just a meme coin to a more serious investment option for institutions. However, some skepticism remains because the SEC has previously rejected ETFs it considered “joke” products. Still, Grayscale’s recent legal wins with Bitcoin ETFs could improve Dogecoin’s chances.
(Source: CoinMarketCap Community)
Conclusion
Dogecoin’s future depends on stable economic conditions, strong support from big investors, and regulatory approval. While the ETF hopes and recent buying suggest growing credibility, Dogecoin’s recent 18% weekly drop reminds us it’s still a volatile asset. The upcoming SEC decision will be key: will it confirm Dogecoin as a serious investment, or will it remain a speculative, high-risk token?
What is expected in the development of DOGE?
Dogecoin’s development is focused on practical upgrades and growing its ecosystem.
- Ethereum Bridge & ZK-Rollups (2025) – Connecting Dogecoin to Ethereum for better DeFi use and faster, more private transactions.
- Community Staking Proposal (No Date) – A new way for holders to earn rewards and support charity through a decentralized system.
- RadioDoge Expansion (2025–2026) – Bringing Dogecoin access to remote areas using satellite internet.
- Merchant Tools (Ongoing) – Making it easier for businesses to accept Dogecoin payments.
Deep Dive
1. Ethereum Bridge & ZK-Rollups (2025)
Overview: Developers plan to build a bridge between Dogecoin and Ethereum, allowing wrapped DOGE (wDOGE) to work within Ethereum’s network. They also aim to use ZK-rollups, a technology that speeds up transactions and keeps them private (CoinMarketCap). This will open up new uses like decentralized finance (DeFi), gaming, and digital identity.
What this means: This is positive for DOGE because it creates new ways to use the coin and improves its performance. However, the technology is complex, and it might take time for developers to fully adopt it.
2. Community Staking Proposal (No Date)
Overview: The Dogecoin Foundation is working with Ethereum co-founder Vitalik Buterin to create a “Community Staking” system. This would let smaller holders earn rewards by helping secure the network, with some rewards going to charity (Foundation Trailmap).
What this means: This could be good for DOGE by encouraging people to hold rather than sell and attracting investors interested in social impact. But moving from the current mining system (Proof of Work) to a staking model (Proof of Stake) might face pushback from the community.
3. RadioDoge Expansion (2025–2026)
Overview: RadioDoge uses radio technology and Starlink satellites to provide Dogecoin access in remote and underserved regions. The plan is to set up about 150 base stations across Africa by 2026, with an estimated cost of $750 per month (U.Today).
What this means: This is promising for long-term growth by reaching people without traditional banking. Success depends on partnerships and how quickly the infrastructure can be built.
4. Merchant Tools (Ongoing)
Overview: House of Doge, the Foundation’s business branch, is creating easy-to-use tools for retailers and social platforms to accept DOGE payments. One example is the Dogecoin Keyring App, which allows users to pay without giving up their private keys (Foundation Trailmap).
What this means: This helps Dogecoin become more useful in everyday life, but it depends on how many merchants adopt these tools and how simple they are to use.
Conclusion
Dogecoin’s roadmap focuses on making the coin more useful and accessible through DeFi connections and tools for merchants, as well as expanding access with RadioDoge. While there are technical challenges and regulatory questions ahead, these efforts could help Dogecoin move beyond its meme status. The big question remains: will Ethereum integration and staking push DOGE past the $0.30 price level?
What updates are there in the DOGE code base?
Dogecoin’s software is actively maintained, with recent updates improving developer tools and overall system performance.
- Libdogecoin Java Revival (September 8, 2025) – Updated the Dogecoin Java library by incorporating improvements from Bitcoinj, making it easier for Java developers to work with Dogecoin.
- WordPress Gateway Fix (September 19, 2025) – Fixed a plugin issue to ensure Dogecoin payments work smoothly on commercial WordPress websites.
- Core RPC Optimization (May 28, 2025) – Improved the core system for faster processing and better efficiency for miners and node operators.
Deep Dive
1. Libdogecoin Java Revival (September 8, 2025)
What happened: The Dogecoin Java library, known as dogecoinj, was updated by merging improvements from Bitcoinj (a Bitcoin Java library) and removing outdated code related to Litecoin.
Why it matters: This update makes it easier for developers who use Java to build wallets and services that support Dogecoin, encouraging more innovation and adoption. (Source)
2. WordPress Gateway Fix (September 19, 2025)
What happened: A critical bug in the Easy Dogecoin Gateway plugin for WordPress was fixed, ensuring it works well on commercial hosting platforms.
Why it matters: This means businesses using WordPress can now accept Dogecoin payments more reliably, helping merchants expand their payment options. (Source)
3. Core RPC Optimization (May 28, 2025)
What happened: The Dogecoin core software was improved by unifying the caching system for Auxiliary Proof-of-Work (AuxPoW) and separating the Remote Procedure Call (RPC) logic.
Why it matters: These changes speed up block validation and reduce the computing resources needed by miners and node operators, making the network more efficient.
Conclusion
Recent Dogecoin updates focus on improving developer tools and the core system’s efficiency. While there were no major protocol changes, these steady improvements strengthen the network’s infrastructure and usability. Looking ahead, better Java and RPC tools could boost Dogecoin’s use in decentralized finance (DeFi) and payment gateways, making it easier for developers and businesses to adopt DOGE.