Musk is teasing the dog again on Twitter.

On October 14th, he replied to a netizen saying: "Alright, add this little dog to the data center." As always, he didn't name names, but everyone knows he was talking about Dogecoin.

This is not the first time he has "shouted across the air" like this, and it won't be the last.

Interestingly, despite Musk's continued "feeding" of the dog, the price of DOGE did not take off in response.

From the data, DOGE has recently been fluctuating around $0.2, and in the last 24 hours, it even dropped by 3.6%. The technical indicators are also weak—MACD is pointing downwards, and EMA is in a bearish arrangement, which doesn’t look optimistic.

Some people are starting to doubt: Is it that Musk can no longer rally the crowd?

But don't rush, just because the price isn't rising doesn't mean there isn't a story.

On-chain data reveals that some "whales" are quietly accumulating during this pullback, having amassed over 8.2 billion DOGE in a short period, worth approximately $456 million.

At the same time, institutions are not idle.

The House of Doge plans to promote the landing of DOGE in payment, gaming, and other scenarios through a listing on NASDAQ; another company, CleanCore Solutions, also holds over 710 million Dogecoins.

These are the real financial undercurrents beneath the surface calm.

In other words, the market is diversifying:

On one hand, there is a short-term sentiment that is relatively weak, with capital outflows and large transfers to exchanges creating selling pressure;

On the other side, institutions and whales are positioning themselves during the pullback, betting on future application scenarios and potential ETF approvals.

There is no doubt that Musk really likes Dogecoin.

He brought it to the forefront time and again, whether as a meme or to seriously discuss its technical possibilities.

Dogecoin is no longer just a pure joke from back in the day — it has a community, payment scenarios, and now it has the presence of institutions and publicly listed companies.

So, don't be fooled by the fact that the price hasn't moved for the time being; the fish underwater may have been swimming for a long time.

The price of the coin is stable; sometimes it's not that no one is paying attention, but rather that more people are quietly accumulating positions.

Elon Musk's puppy may just not have waited for the moment to truly rush out. $DOGE #抄底币种推荐