Altcoins News
By Dan Saada
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Whale Holdings Already at Record Levels. The buying didn't start this week. Back in early May, wallets holding at least 100 million DOGE…
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Analysts Point to August 2024 as the Playbook. So what do the chart-watchers think? A few are pretty optimistic, though they're drawing on…
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Where DOGE Goes From Here. The honest answer is nobody knows. The market's direction is uncertain, and Dogecoin's volatility…
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Dogecoin hit just over $0.10 this week — its lowest price since April 30. That's a 10% weekly drop, the steepest slide among larger-cap altcoins, and it came right after DOGE…
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But here's what makes the moment interesting: whales aren't selling. They're buying. Large holders have picked up more than 525 million DOGE in just four days, even as the price…
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The buying didn't start this week. Back in early May, wallets holding at least 100 million DOGE reached an all-time high, with those addresses collectively sitting on over 108.
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It's not clear exactly who these wallets belong to. On-chain data shows the addresses, but attribution is murky.
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So what do the chart-watchers think? A few are pretty optimistic, though they're drawing on historical comparisons rather than hard fundamentals.
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Analyst Nehal said DOGE's current chart looks a lot like the setup that followed the August 2024 bottom — a period that led to a meaningful breakout.
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Read also: Bitcoin Implied Volatility Drops to Seven-Month Low While Macro Storm Brews
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Trader Tardigrade took a similar view. He said the current apparent breakdown mirrors two specific past instances for Dogecoin, both of which ended in dramatic rallies rather…
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That's worth keeping in mind. These are pattern-based calls, not earnings reports. Dogecoin doesn't have revenue or cash flow — it's a meme coin, and its price history is…
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The honest answer is nobody knows. The market's direction is uncertain, and Dogecoin's volatility makes clean predictions basically impossible.
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And it matters because of how selling pressure works. When big wallets accumulate and hold, fewer coins are available for sale on the open market.
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More context: Jane Street Tapped Secret Telegram Channel Hours Before Terras $40B Wipeout
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