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Dogecoin trades near $0.077 after President Trump called himself a “big crypto fan,” with whale holdings up and ETF outflows easing price pressure.
Dogecoin (DOGE) held near $0.077 on Monday, a level that kept the meme coin above its recent $0.075 support after President Donald Trump reiterated his enthusiasm for crypto, a comment that lifted overall market sentiment and sparked a modest 5% weekly gain【1】.
| At a glance | |
|---|---|
| Price | $0.077 |
| 24‑h change | +0.30% (4‑hour) |
| Key level | $0.075 support; $0.08 resistance |
| Catalyst | Trump’s “big crypto guy” comment and rising whale holdings【1】 |
During a July 6 news conference, Trump said he had become “a big crypto guy” and expressed fandom for Bitcoin, a statement that immediately buoyed sentiment across the crypto market. Bitcoin rose 1.66% to $63,716, while Dogecoin’s price stayed anchored at $0.077, with buyers defending the $0.075 support zone【1】. The broader market cap also edged up 1.04% to $2.19 trillion, indicating that the political endorsement helped reverse a weak opening earlier in the session.
Whale wallets (addresses holding over 1 billion DOGE) increased their holdings to 73.85 billion DOGE, suggesting accumulation by large holders even as transaction counts fell to 12 on Sunday【1】. Derivative volume rose 31% to $1.26 billion, though open interest slipped slightly, pointing to higher trading activity without a surge in leveraged positions【1】. Meanwhile, spot Dogecoin ETFs recorded $871,000 of outflows on July 2—the second‑largest since their launch—yet the price continued to climb, underscoring that retail buying outweighed institutional exits【3】.
| Metric | Value |
|---|---|
| Whale holdings | 73.85 B DOGE |
| Derivative volume (24 h) | $1.26 B |
| ETF outflows (July 2) | $871 k |
Dogecoin’s ability to hold above $0.075 despite mixed institutional signals shows that retail enthusiasm, amplified by high‑profile political endorsement, remains a key driver of its short‑term price dynamics. The next test will be whether the coin can sustain a breakout above $0.08 and how regulatory developments shape the broader meme‑coin market.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 8, 2026 · How we report
Dogecoin is trading around $0.077, holding above a $0.075 support level, and has fallen roughly 87% from its 2021 peak.
Yes, wallets controlling over 1 billion DOGE have collectively increased their holdings to about 73.85 billion tokens.
Technical analysis notes potential resistance levels up to $0.12, and blockchain activity has risen to about 50,000 active addresses, but overall sentiment remains cautious.