Tag:

DOGE

XRP and DOGE Defy Flat Funding Trend Against BTC

by admin May 23, 2025

Bitcoin holders on pause?
XRP and DOGE fuel optimism

The recent crypto market rally that saw Bitcoin (BTC) surpass historic highs has slowed down as market participants move with skepticism. Latest data from Glassnode has revealed a flat funding trend across the broad crypto market.

Bitcoin holders on pause?

The massive Bitcoin-led market rally has put all BTC holders in moments of celebration, as the data source revealed that 100% of Bitcoin’s circulating supply has remained in profit after the leading cryptocurrency surpassed the $108,000 mark, but there’s a surprising shift which has raised concerns among investors.

Despite the bullish momentum, data shows that the funding rates across the broad crypto ecosystem have remained muted. Bitcoin’s funding rate has failed to rise, sitting around a neutral level at 0.0079%.

Source: Glassnode

This unusual pattern has caught investors’ attention and has received mixed reactions as the market seems to be facing price uncertainty amid macroeconomic pressures.

While Bitcoin’s low funding rate suggests that buyers have become skeptical amid reduced optimism, this has seen investors in doubt as to whether there is a larger bull run ahead or not.

XRP and DOGE fuel optimism

While the flat funding rate extended across the broad crypto market, the data shows that only XRP and Dogecoin saw their funding rate above neutral levels among the top 10 leading cryptocurrencies by market capitalization.

XRP and DOGE saw their funding rates reach a slightly positive level at 0.0101% and 0.0104%, respectively. Although the coins have barely surged above neutral levels, they have proven stronger than Bitcoin and other major altcoins like Ethereum.

This unexpected shift in sentiments suggests that crypto users are more interested in buying XRP and DOGE at this point, even though Bitcoin has projected gains for all its holders.

Although the majority of DOGE and XRP holders are in profit, the assets do not stand with Bitcoin in this metric. Unlike Bitcoin, out of the total XRP in circulating supply, 92.8% of the tokens are in profits. DOGE, on the other hand, appears weaker as only 81.1% of the total DOGE in circulation are in profits.

Despite recent gains, the crypto market has experienced an unexpected bloodbath today, with Bitcoin, XRP, and DOGE decreasing by 1.85%, 2.54%, and 2.89% respectively, over the last day.

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May 23, 2025 0 comments

Crypto Trends

New ATH Not That Important, Shiba Inu (SHIB) Growth Begins, Dogecoin’s (DOGE) Path to $0.30 Begins Again

by admin May 23, 2025

Shiba inu revitalized
Dogecoin falls back

Bitcoin has officially surpassed the $111,000 mark and entered new all-time-high territory. However, in spite of this technical milestone, the overall market reaction has been remarkably subdued. This recent surge feels more like a grind than an explosive move in contrast to the euphoria-fueled rally of 2021 or the parabolic runs of 2017. In terms of technical analysis, Bitcoin is still strongly rising.

The 50-day EMA is now comfortably above the 200-day, confirming a golden cross. The breakout above the resistance level of $102,000 has held firm, and volume is increasing gradually. When you look more closely, though, you start to see indications of overextension. The price has moved far from short-term moving averages and the RSI is well into overbought territory at 77, indicating that a possible correction is imminent.

BTC/USDT Chart by TradingView

Even though the ATH breakout occurred, the lack of substantial capital inflow is more telling. In previous cycles, breaking an ATH usually resulted in a surge of institutional and retail purchases. This time, rather than fresh liquidity flooding the market, it appears to be more about existing capital rotating and shorts being squeezed. Bitcoin’s recent sharp increase was aided by $239 million in short liquidations, but if new buyers do not enter the market, that momentum may not last.

The ATH is more psychological than market-defining in this situation. While it is a confirmation of the long-term bullish structure, it has not yet set off the type of rally driven by FOMO that we have witnessed in past cycles. Short-term upside might be constrained in the absence of that catalyst.

Before the next leg, Bitcoin might need to cool off. It would not be shocking to see a correction toward the $101,000-$102,000 breakout zone, which might offer more solid support for a long-term upward move. The new ATH is more of a checkbox than a party until actual inflows make a comeback.

Shiba inu revitalized

Following some tumultuous weeks, Shiba Inu is displaying signs of regaining strength. The meme-inspired asset has shown signs of a possible change in momentum by convincingly rebounding off the 100 EMA. Due to the subsequent uptick, SHIB has regained its position above the $0.0000150 mark, which is a short-term psychological threshold. This important support level held firm. More encouraging is the 26 EMA’s behavior, which is currently curling upward and closely following the price.

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This is a technical indication that buyers are taking back control and that short-term sentiment is improving, and it frequently signals the start of a momentum expansion phase. If this pattern continues, SHIB might make a serious effort to take back the 200 EMA, which is currently serving as resistance close to the $0.000016 mark.

The return of the asset to a medium-term uptrend would be confirmed by a successful break above the 200 EMA. Traders ought to exercise caution, though, as a double top could form. If volume does not support further upside, the previous high at $0.000017 might serve as a cap, and a failure to break higher could cause a retracement back toward the 100 EMA.

The current bounce appears to be more of a technical relief move than a euphoric breakout, as volume is still low when compared to previous breakouts. However, gains could accelerate if SHIB is able to draw in enough buy-side pressure to break through the 200 EMA.

Dogecoin falls back

As it traces a course back toward the crucial $0.30 level, Dogecoin is making yet another determined effort to regain its gains. DOGE has now decisively broken through the descending trendline, which usually marks the end of a correction phase and the start of a possible recovery rally following a period of consolidation and a steep retracement from prior highs. DOGE is heading toward a crucial test at $0.25, a level that has historically served as strong resistance and is currently trading close to $0.24.

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A breakout with significant volume could push the rally to $0.28-$0.30, which could act as a structural and psychological ceiling. The configuration appears promising from a technical standpoint. A potential momentum expansion phase is indicated by the 26 EMA converging with the 50 and 100 EMAs. When accompanied by a distinct pattern breakout, as is the case with the falling wedge that DOGE has just exited, this alignment frequently signals the start of a stronger bullish move.

But traders should exercise caution. If DOGE is unable to break and hold above the $0.25 resistance, there is still a chance of a double top. An immediate retreat back toward support at the 100 EMA or around $0.21 may result from this. This most recent upswing has seen a steady increase in volume, which suggests that interest is returning but is not yet at levels that point to euphoric buying.

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May 23, 2025 0 comments

NFT Gaming

What it means for Doge, Pepe, and the next memecoin boom

by admin May 22, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Solaxy claims Layer 2 status on Solana, but real buzz surrounds Pepeto — offering tools, cross-chain swaps, and serious utility.

Already holding Solaxy? Here’s something worth thinking about. Solaxy is being called the first Layer 2 on Solana, and while that sounds exciting, it’s important to ask: does Solana really need a Layer 2?

On Ethereum, Layer 2 tech helps with speed and high fees. But Solana is already fast and cheap to use, so adding another layer doesn’t bring much change. Sure, Solaxy could still do a 5x, but its role on Solana doesn’t seem game-changing, and might not make history.

Pepeto is more than just hype, it has Real tools, a strong story, and big plans

Solaxy may have caught people’s attention, but Pepeto might be the one to remember. It’s not just a memecoin, Pepeto is building a full platform. The team is launching an exchange where new memecoins launching in 2025 will be listed.

That means more use for the Pepeto token. It also comes with PepetoSwap, a system that helps people trade across different blockchains using bridge tech. Moving tokens between chains like Solana and Ethereum will be fast and cheap.

Here’s why many believe Pepeto has real value:

A full exchange for listing new memecoins
PepetoSwap for easy, low-cost cross-chain trading
Bridge tech that connects different blockchains
A staking system that rewards holders
A growing and active community
Tier-1 exchange listings coming soon
A bold backstory linked to Pepe’s origin

But the story is what really makes people talk. Many believe that Pepe the Frog’s early success came from stealing Pepeto’s first documents, P,E,P, and E, which stand for Precision, Energy, Power, and Efficiency. But Pepe rushed the launch , without the final two: T for Technology and O for Optimization.

That’s the full name: P-E-P-E-T-O, and what makes Pepeto complete.

Many now believe the original Pepe founder, who was left out and betrayed, is behind Pepeto. This time, it’s not just another memecoin, it’s a project with technology, vision, and a mission to lead the meme market in 2025.

Joining the PEPETO project takes just a few simple steps:

Set Up a Crypto Wallet – Use a wallet that supports Ethereum, such as MetaMask or Trust Wallet.
Deposit Funds – Add ETH, USDT, or BNB to your wallet.
Participate in the Presale – Go to pepeto.io to purchase PEPETO tokens.
Stake Holdings – Access the staking platform to start earning passive rewards.

Why PEPETO stands out

PEPETO brings together the viral appeal of memecoins with real blockchain utility. From a zero-fee trading platform and cross-chain bridge to high staking incentives, it’s positioned as a major contender in the evolving crypto landscape, especially heading into 2025.

To learn more about Pepeto, visit the website, Telegram and X.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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May 22, 2025 0 comments

GameFi Guides

Dogecoin (DOGE) Realized Profits Soar 225% in 24 Hours

by admin May 22, 2025

Dogecoin defies meme status
DOGE trading volume spikes to $2.71 billion

Dogecoin (DOGE) is once again attracting attention in the crypto market following a massive increase in profits and activity lately. According to Whale.io data, there has been a significant rise in its realized profits in the past 24 hours, reaching $36.1 million.

This 225.58% rise indicates that many traders are making impressive gains with DOGE’s price movements. With a 7.93% increase, there has also been a sharp rise in daily transactions to $595.9 million, suggesting increased user interest and market activity around the meme-themed crypto asset.

Dogecoin defies meme status

The data also showed that the average buy price for DOGE dropped 1.02% in the last 30 days but still stands at $0.159. Even though the drop isn’t huge, it is a sign that new buyers are making their purchases at prices slightly below previous buy prices.

The sharp surge in realized profits suggests that many DOGE holders are in profit at this price level. At about 931, the HODL days show the average period investors have held onto their DOGE.

The 1.73% rise in the last month shows that their confidence in Dogecoin remains as strong as ever. These data show that Dogecoin continues to demonstrate profit potential despite still being considered a joke asset by many in the crypto ecosystem.

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It remains popular among active traders and long-term holders. While whales play a major role in its price action, DOGE keeps attracting serious investment despite its meme origins.

Analysts suggest that this fresh wave of activity could be part of a broader positive movement in the altcoin space.

DOGE trading volume spikes to $2.71 billion

According to CoinMarketCap data, Dogecoin currently trades at $0.2296 after gaining 2.47% in the last day. Its trading volume increased by 63.39% to $2.71 billion over the past 24 hours. This suggests increased interest from retail and institutional investors.

Source: CoinMarketCap

This trading volume shouldn’t be confused with the transaction value mentioned above. The former is the value of DOGE trades across exchanges, while the latter refers to the value of DOGE moved among wallets.

The 24-hour price chart shows that Dogecoin reached a peak price of $0.237 before a slight price correction, even though it has retained most of its gains. DOGE has maintained relevance over the past years, partly due to its endorsements by high-profile personalities like Elon Musk and its use in small transactions such as tipping.

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May 22, 2025 0 comments

Crypto Trends

BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

by admin May 21, 2025

Key points:

Bitcoin made a new all-time high, but the bulls will have to sustain the higher levels for the momentum to pick up.
Several altcoins have bounced off their respective support levels, signaling a positive sentiment.
Analysts expect Bitcoin to maintain its positive momentum and surge above $200,000 by the end of the year.

Bitcoin (BTC) rose to a new all-time high on May 21 on easing macroeconomic fears and continued inflows into the US-based spot Bitcoin exchange-traded funds. Analysts expect the momentum to continue and Bitcoin to surge to $200,000 by the end of the year.

There are some murmurs among analysts about a bearish divergence, leading to a double-top pattern. However, private wealth manager Swissblock Technologies said in a post on X that its Bitcoin Fundamental Index is not showing any bearish divergence, and the onchain strength remains intact.

Crypto market data daily view. Source: Coin360

Bitcoin is on the verge of forming a “golden cross” on the daily chart, which generally is followed by sharp rallies, barring a few instances when the pattern failed. Bitcoin’s strength is expected to improve sentiment in the cryptocurrency sector, pulling several altcoins higher.

What are the possible target levels for Bitcoin? Could altcoins break above their respective overhead resistance levels? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

Bitcoin price prediction

Bitcoin rose above the $109,588 overhead resistance, but the bulls are struggling to sustain the higher levels, as seen from the long wick on the candlestick.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping moving averages and the relative strength index (RSI) in the overbought zone indicate that the bulls are in control. If the price closes above $109,588, the BTC/USDT pair could pick up momentum and skyrocket toward $130,000.

The 20-day exponential moving average ($101,958) is the critical support to watch out for on the downside. A break below the 20-day EMA will be the first sign that the bulls are booking profits in a hurry. That increases the risk of a break below the psychological support of $100,000.

Ether price prediction

Buyers are trying to sustain Ether (ETH) above the $2,550 level but are facing significant resistance from the bears.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day EMA ($2,334) and the RSI near the overbought zone indicate that buyers are in control. The ETH/USDT pair is likely to pick up momentum on a break above $2,739. That clears the path for a rally to $3,000.

Contrary to this assumption, a break and close below the 20-day EMA signals that the bears are back in the game. The pair could tumble to $2,111, which is likely to attract solid buying by the bulls.

XRP price prediction

XRP (XRP) has been witnessing a tough battle between the buyers and sellers at the 20-day EMA ($2.35).

XRP/USDT daily chart. Source: Cointelegraph/TradingView

The flattish 20-day EMA and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price skids below the 20-day EMA, the XRP/USDT pair may stay inside the $2 to $2.65 range for a while.

Instead, if the price turns up sharply from the 20-day EMA and breaks above $2.65, the advantage will tilt in favor of the bulls. The pair could rally to $3 and, after that, to $3.40, where the sellers are expected to mount a strong defense.

BNB price prediction

BNB (BNB) bulls have held the 20-day EMA ($639) support during the pullback, indicating buying on dips.

BNB/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will try to push the price above $693 but are expected to face solid selling by the bears. However, if buyers bulldoze their way through, the BNB/USDT pair could skyrocket to the overhead resistance at $745.

This optimistic view will be negated in the near term if the price turns down from the current level or the overhead resistance and breaks below the 20-day EMA. That could sink the pair to the 50-day SMA ($609).

Solana price prediction

Sellers failed to pull Solana (SOL) below the 20-day EMA ($164), indicating demand at lower levels.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will try to propel the price above the $185 overhead resistance. If they can pull it off, the SOL/USDT pair could accelerate toward the target objective of $210 and then $220.

If sellers want to prevent the upside, they will have to quickly tug the price below the 20-day EMA. The pair could slide to $153 and later to the 50-day SMA ($145). That suggests a possible range-bound action between $120 and $180.

Dogecoin price prediction

Dogecoin (DOGE) has bounced off the breakout level of $0.21, indicating that buyers are active at lower levels.

DOGE/USDT daily chart. Source: Cointelegraph/TradingView

The 20-day EMA ($0.21) is trending up, and the RSI is in the positive zone, signaling that buyers are in command. The DOGE/USDT pair could rally to the $0.26 level, which could attract sellers. If the price turns down sharply from the overhead resistance, the pair could form a narrow range between $0.26 and $0.21 for some time.

Contrarily, a break and close above $0.26 signals the start of the next leg of the up move. The pair could then surge to $0.35.

Cardano price prediction

The bulls have kept Cardano (ADA) above the neckline of the inverse head-and-shoulders (H&S) pattern during the pullback.

ADA/USDT daily chart. Source: Cointelegraph/TradingView

The flattish 20-day EMA ($0.74) and the RSI in the positive zone indicate the bulls have an edge. Buyers will have to thrust the price above $0.86 to signal the resumption of the uptrend. The ADA/USDT pair could then skyrocket to $1.01.

This positive view will be invalidated in the near term if the price turns down and breaks below the 50-day SMA ($0.69). That suggests the bulls are losing their grip, increasing the risk of a fall to $0.60.

Related: Bitcoin enters ‘acceleration phase’ resembling BTC price gains seen after Trump election victory

Sui price prediction

Sui’s (SUI) pullback has taken support at the 20-day EMA ($3.73), indicating a positive sentiment.

SUI/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping 20-day EMA and the RSI in the positive territory indicate an advantage to buyers. The SUI/USDT pair could reach the $4.25 obstacle, where the sellers are expected to step in. If buyers do not cede much ground to the bears, it increases the likelihood of a break above $4.25. The pair may then climb to $5.

The 20-day EMA is the critical support to watch out for on the downside. A break and close below the 20-day EMA could sink the pair to the 50-day SMA ($3.04).

Chainlink price prediction

Buyers successfully defended the neckline of the inverse H&S pattern in Chainlink (LINK), indicating buying on dips.

LINK/USDT daily chart. Source: Cointelegraph/TradingView

The bulls are trying to strengthen their position by pushing the price above the resistance line. If they manage to do that, the LINK/USDT pair could rally to $18. Sellers will try to halt the up move at $18, but the rally could extend to $19.80 if the bulls prevail.

Time is running out for the bears. If they want to make a comeback, they will have to swiftly yank the price below the 50-day SMA. The pair may then remain inside the channel for a few more days.

Avalanche price prediction

Avalanche (AVAX) took support at the 50-day SMA ($20.88), signaling that the bulls are trying to form a higher low.

AVAX/USDT daily chart. Source: Cointelegraph/TradingView

Buyers will have to drive and maintain the price above the $23.50 resistance to gain the upper hand. The AVAX/USDT pair could then climb to $26.84, which may act as a hurdle. If buyers overcome the $26.84 barrier, the pair could ascend to $31.73 and subsequently to $36.

Contrary to this assumption, if the price turns down from the overhead resistance and breaks below the 50-day SMA, it suggests that the bulls have given up. The pair could then decline to $18.50.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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May 21, 2025 0 comments

NFT Gaming

Bitcoin Futures Zoom to Record Open Interest; DOGE, ADA, XRP Add 3%

by admin May 21, 2025

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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May 21, 2025 0 comments

NFT Gaming

Bitcoin (BTC) Performs Mind-Blowing Comeback, Dogecoin (DOGE) Is Stuck, Solana (SOL) Can Surprise You With $200

by admin May 21, 2025

Dogecoin getting out
Solana can comeback

Bitcoin has just produced a classic example of market turbulence. After almost falling below the $100,000 mark, which was a sign of a possible trend reversal, Bitcoin made a stunning comeback, soaring back toward $105,000 and sending short sellers reeling. Bitcoin’s chart looked like a minefield for traders with leverage during the last few trading sessions. It turned out to be a classic fakeout, but a brief breakdown below the critical $100,000 level appeared convincing enough to cause widespread liquidations.

The swift recovery that ensued not only disproved the bearish structure but also demonstrated how resilient bulls are in the current market cycle. Overly leveraged volatile markets are characterized by this fakeout; fakeout behavior is a nightmare for anyone who is overexposed. The breakout penalized shorts, who believed they had the upper hand, while the breakdown flushed out longs, taking both long and short traders by surprise.

BTC/USDT Chart by TradingView

Technically, Bitcoin is currently trading just below recent resistance after regaining the local high. As of right now, there is not much evidence of bearish divergence, but momentum indicators are still hot, and the RSI is above 70, which may indicate overbought trading conditions.

The volume level is dropping a little, which could indicate a brief period of exhaustion or simply a cooldown before the next move. If Bitcoin can sustain this momentum and stay above $105,000, it could push toward new heights. The possibility of another trap or whipsaw move, however, is still very high — if it is rejected at this stage once more. Essentially, Bitcoin has once again demonstrated why it is the king of uncertainty.

While the recent rally is impressive, the aftermath of that fakeout serves as a reminder that the market’s goal in the cryptocurrency space is to harm as many traders as possible, particularly those who become arrogant when using leverage.

Dogecoin getting out

With the asset trading sideways and displaying indications of stagnation as volatility fades from the chart, Dogecoin is presently trapped in a frustrating limbo. Following its recent surge above significant resistance levels earlier this month, DOGE has been unable to build on the momentum and has entered a low-energy correction phase that is beginning to negatively impact market sentiment.

The price is circling around $0.22, but what is more worrisome than the price is the lack of movement. There appears to be indecision among traders as the candlestick structure is forming a descending triangle, or wedge. DOGE is still chained in place, but volume has significantly decreased, which usually signals a big move. A short-term neutral-to-bearish stance is suggested by the 26 EMA’s current technical intersection with midterm indicators.

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As support, DOGE is currently trading above the 50 EMA and the 100 EMA. However, the market seems to be in waiting mode in the absence of a clear catalyst. Although it is still elevated, the RSI is moving below the overbought zone, suggesting that there is still some latent bullish sentiment that is not strong enough to move the needle at this time.

DOGE is essentially in a holding pattern until it breaks above $0.24 or below $0.21. Traders should monitor volume and EMA compression because Dogecoin is expected to explode once this slumber is over. The sole question is: which course will it take?

Solana can comeback

Pressure is steadily increasing on Solana, and a surprise breakout could be imminent. With a descending wedge pattern forming just below the crucial $170 resistance level, the asset has entered a consolidation phase following a robust rally in late April and early May. Solana is a strong contender for a volatility-driven move because of this structure and its closeness to the 200 EMA.

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At $167, SOL is currently trading at a technical inflection point. Almost precisely where the price action is coiling is the 200 EMA, which serves as both a magnet and a resistance. A clear breakout is frequently preceded by this type of setup in the past, particularly when short-term exponential moving averages such as the 26 EMA start to converge toward long-term indicators.

The approaching cross between the 26 EMA and the 200 EMA is what strengthens this arrangement. This bullish crossover could be a significant technical confirmation of a trend reversal, which is a setup that often draws momentum. When combined with a breakout above $170, this signal has the potential to trigger a strong bullish wave that could push Solana closer to $190 and higher.

Even though volume has somewhat cooled off, Solana’s RSI is still above 55, indicating that there is still potential for growth before the asset is overbought once more. The volume decline could simply be a pause — a moment of indecision before the market chooses a direction.

Particularly on a spike in volume, a clear break above this barrier would probably lead to a significant upward move. On the other hand, a rejection might result in SOL retesting support in the $155-160 range. Solana may be getting ready to surprise everyone watching from the sidelines as the chart is currently leaning bullish.

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May 21, 2025 0 comments

Crypto Trends

$23.35 Billion Dogecoin (DOGE) Moved by Whales In Just 24 Hours

by admin May 20, 2025

Dogecoin has seen its daily large transaction volume surge massively by 41.12% with whales actively moving large amounts of tokens, according to data from IntoTheBlock.

DOGE whales in action

The data shows that a total 60.9 billion DOGE worth about $23.35 billion have been moved by DOGE’s large transaction holders over the last 24 hours.

While the broad crypto market has been experiencing mixed actions after cooling off from the recent massive bull run, this notable whale movement suggests that investors are still bullish despite ongoing price corrections.

While large transaction volumes like this indicate increased whale activities on the concerned crypto currency, there are speculations that Dogecoin whales are preparing for something big, possibly anticipating a massive price rally in the near future.

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Although the major drive behind Dogecoin’s massive large transaction volume remains uncertain, recent trading activities among whales suggests the metric might have been spurred by increased buying activities.

Earlier today, the Dogecoin ecosystem saw a mysterious whale pull out a significant 260 million DOGE from a major U.S.-based brokerage platform, Robinhood, according to a report from U.Today.

While transactions like this often suggest buying activities from whales, the move signals increased demand for Dogecoins among large holders, potentially driving a surge in the price of the token.

Nonetheless, latest data from CoinMarketCap shows that the increased whale activities on DOGE have not had any direct impact on the price performance currently as the leading memecoin have been trading sideways over the last day.

The data shows a decent 0.41% increase in DOGE’s price since the last 24 hours. As such, the token is trading steadily around $0.2252 as of press time.

Source: CoinMarketCap

Despite the positive surge in DOGE’s large transaction volume, DOGE’s trading volume has remained in red as it has declined by up to 25% since the last day.

While this suggests that market sentiments are shifting, it signals decreased interest for the meme token among retail investors.

This indicates that whales are actively accumulating while retailers are silent, causing investors to be more watchful about DOGE’s on-chain movement and potential performance.

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May 20, 2025 0 comments