Whales have recently bought a large amount of Dogecoin (DOGE), accumulating 530 million DOGE during the coin's price decline. However, despite this accumulation, DOGE is still bearish and may drop another 15% in the future. The coin's open interest (OI) has also fallen significantly, indicating a decline in trader interest. Despite a modest price surge in the past 24 hours, DOGE's trading volume has dropped, suggesting lower participation from traders and investors. This may be due to the significant price fluctuations the meme coin has experienced recently. Data also shows that intraday and derivative traders are abandoning DOGE, as its futures OI has reached its lowest level since 2025. The decline in OI reflects fading trader interest and could be attributed to market uncertainty and declining momentum.



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