Dogecoin (DOGE) Price: Whales Snap Up 200 Million DOGE as MoonPay Brings DOGE Payments to 6,000 Merchants

TLDR

• Nearly 30 billion DOGE accumulated at $0.081, forming a strong on-chain support zone
• Open Interest dropped over 40%, flushing out excess leverage from the market
• Funding rates flipped from negative to positive, showing returning bullish sentiment
• MoonPay partnering with House of Doge to bring DOGE payments to 6,000+ merchants
• Analyst Ali Charts reports whales accumulated over 200 million DOGE in just one week

Dogecoin has bounced from lows around $0.081, and three separate data sets — on-chain, derivatives, and technicals — are all pointing in the same direction. While no breakout has been confirmed yet, the evidence suggests the recent correction may be running out of steam.

On-chain data from Glassnode shows that nearly 30 billion DOGE were last moved at around $0.081. That makes this price level one of the largest supply clusters on record for DOGE. Holders who bought there tend to hold rather than sell at a loss, which creates a natural floor.

Crypto analyst Ali Charts noted on social media that whales have accumulated more than 200 million Dogecoin in just the past week — a move that lines up with the on-chain support data and suggests large holders are actively buying the dip.

In derivatives markets, Dogecoin’s Open Interest has fallen from roughly $1.75 billion in early May to around $1.0 billion — a drop of 40 to 45%. That kind of flush typically removes the overleveraged positions that can cause sharp cascading drops.

At the same time, the funding rate has moved from nearly -0.01% back up to around +0.008%. This shift means traders are once again paying to hold long positions, a sign that sentiment is improving.

Technical Picture

On the price chart, the RSI has recovered to around 41, pulling away from oversold levels. The MACD histogram is also beginning to compress, which can be an early sign that bearish momentum is fading.

The first resistance for bulls sits between $0.090 and $0.092. A clean break there would open a path toward $0.096, then the $0.10 to $0.102 zone. The $0.081 level remains the line to hold — a daily close below it would weaken the current setup.

MoonPay Deal Adds Real-World Use Case

On the utility side, MoonPay has announced a partnership with House of Doge and Brag House Holdings to enable DOGE payments across more than 6,000 merchants. The integration covers online, in-app, and point-of-sale channels.

A new product called ÐOGE Pay is set to launch in Q3. It carries a 1% processing fee and will offer merchants automatic fiat or stablecoin settlement. MoonPay President Keith A. Grossman said the deal positions Dogecoin’s retail community with merchant-ready infrastructure.

MoonPay serves over 30 million customers across 180 countries. The Q3 rollout date and merchant uptake figures will be the key numbers to watch.

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