Dogecoin Records Heavy Net Outflows as Crypto Prices Slide
Dogecoin saw more tokens leave exchanges than enter over the past week, with CoinGlass reporting $480.96 million in inflows against $538.16 million in outflows. The resulting net outflow rate was minus 599.50%, which may indicate investors moving coins to cold storage or waiting for lower entry points. Dogecoin fell for four straight days after leveraged positions unwound, dropping to $0.081 on October 8 before rebounding to $0.086.
Over the past week, Dogecoin exchange activity showed $480.96 million entering and $538.16 million leaving, producing a net outflow rate of minus 599.50%, according to CoinGlass. That pattern can reflect holders moving tokens to cold storage or waiting for cheaper entry points.
After leveraged positions unwound, DOGE fell four consecutive days, touching $0.081 on October 8 before recovering to $0.086. Bitwise also plans to close its Dogecoin ETF, BWOW, in October 2026, citing weak institutional demand; DOGE’s market value is $14.8 billion, ranking 11th.
Dogecoin’s outflows and price swings could affect retail holders, traders, and exchange platforms, especially those using leverage or monitoring meme-token sentiment. If coins continue moving off exchanges, market liquidity may thin, potentially amplifying price moves. Bitwise’s ETF closure may signal weaker institutional appetite, which could shape how everyday investors view crypto products. Broader society may feel these effects mainly through shifting risk appetite, speculative losses or gains, and changing confidence in digital assets, though direct impact outside crypto markets may remain limited.