The anomalous performance of Dogecoin (DOGE) by May 2026 has finally received fundamental confirmation. According to fresh on-chain data from Santiment, the largest DOGE holders have now shifted into a phase of strategic accumulation, recording a historical high in the volume of assets held.

At the moment, a group of the 149 largest addresses, each holding more than 100 million DOGE, has accumulated 108.52 billion coins, which in monetary terms amounts to approximately $11.6 billion. In the last 24 hours alone, Santiment data recorded 739 transactions exceeding $100,000 each.

Why Dogecoin's top 149 wallets are loading up DOGE now

If earlier Dogecoin growth was associated with impulsive retail buying, then in May 2026 the picture looks different. A 16.5% price increase over the past 10 days and a confident hold above the psychological $0.1 level resembles the scenario of mid-2025, when after a period of consolidation the asset gained 65%, reaching a peak of $0.27.

HOT Stories Ripple Vet Doubts $10K XRP Price Target XRP Nears 'Unbreakable' Support, Will Dogecoin (DOGE) Hit $0.2 in New Rally? Big Ethereum (ETH) Price Test Incoming: Crypto Market Review

Dogecoin price action by May 2026 with a post from Santiment attached, Source: Santiment

If one tries to assign a narrative to DOGE, it can be assumed that the market is pricing in integration into X Money and the effect of previously launched spot ETFs, which are however still far from Bitcoin-style numbers - total net assets in Dogecoin ETFs stand at $12.84 million, which is only 0.08% of DOGE market capitalization.

In addition, the market is expecting the IPO of SpaceX in June, which is anticipated to become the largest IPO in history. There is speculation that SpaceX may begin accepting DOGE as a regular payment method as they did with the DOGE-1 lunar mission.

You Might Also Like
Thu, 04/30/2026 - 07:45 Dogecoin (DOGE) Mega-Rally Continues: 3 Price Levels to Watch NextByArman Shirinyan

From a technical standpoint, record whale holdings indicate that large players view the current price not as an exit point, but as an attractive entry zone under conditions favorable for the coin. The fact that the majority of the supply - more than 108 billion DOGE - is concentrated in the hands of large players reduces the likelihood of panic sell-offs typical for retail-driven coins, making the "foundation" at the $0.1 level appear significantly more stable.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。