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Dogecoin Foundation says DOGE is for spending, not speculation, as whales keep buying.

Market News
10 Jun 2026
Benzinga
View Source
Neutral
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Timothy Stebbing, director at the Dogecoin Foundation, emphasized that Dogecoin is intended as a medium of exchange rather than a speculative asset, urging the community to focus on utility and adoption over price speculation. Despite this, large investors continue accumulating DOGE, with whales buying over 200 million coins recently. Analysts also highlight a key support zone between $0.06 and $0.08 that has historically influenced price reactions during bear markets. The shift from speculation to utility marks a new phase for Dogecoin's future development and market behavior.

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Technical Signals
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