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Dogecoin Price Drops as Whale Dumps 90M DOGE to Coinbase
The price of Dogecoin exemplified quite volatile action today. Amid the turmoil, a whale dumped 90M DOGE into Coinbase, fueling bearish sentiment among crypto investors.
Dogecoin, the largest meme cryptocurrency by market cap, has stirred up a whirlwind of speculation in the global crypto community as its price has lost upside momentum after witnessing significant gains.
The price drop comes against the backdrop of a massive DOGE sell-off recorded by a whale in the past 24 hours, raising questions among investors about DOGE’s future price movements. are
Notably, as shown by on-chain data circulating in the broader crypto market, a staggering 90 million coins were sold to CEX, Coinbase today. This massive offloading has raised bearish fears among investors, as it significantly increases token selling pressure.
Whale Transfer Raises Investor Concerns
According to data released by WheelAlert, an on-chain transaction tracker, 89.99 million DOGE, worth $15.18 million, was offloaded by Wheel to Coinbase in a single transaction. The transaction was made through an unknown wallet address, DRsjJ7YWiL…FwUuAkrLom.
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Report: Ethereum and Polygon Dominate EVM Usage and Trading Activity in Q1
Surprisingly, upon investigating the wallet holdings, it was found that the whale had 0 tokens left after the massive transfer. Additionally, the wallet received only these DOGE tokens today, and immediately transferred them to the Coinbase exchange. This has raised eyebrows in the global crypto circle, with the market speculating on the possible motivation behind the move.
In the interim, the price of Dogecoin traded in the red, experiencing extreme volatility.
DOGE Price Falls, What’s Next?
As of this writing, Dogecoin price has reflected a 2.24% price drop in the last 24 hours and is currently trading at $0.1662. Memecoin’s 24-hour low and high are $0.1622 and $0.1741, respectively, illustrating the immense volatility.
Coinglass data underscored substantial DOGE liquidation over the past 24 hours, aligning with a further token dip. DOGE liquidations totaled $4.93 million today, coinciding with increased selling pressure due to the aforementioned transfer.
Additionally, DOGE’s OI fell 4.59% to $987.85 million, followed by derivatives volume down 16.96% to $3.15 billion. This data highlights the lack of investor interest surrounding DOGE, and when combined with increasing selling pressure, may justify the token’s current volatility.
However, the RSI was hovering at 56, indicating mild upside pressure with the token neither overbought nor oversold. A recent analysis by ItsCryptoBasic, Media pointed out that the $0.3 resistance target falls short if the coin should maintain a break above the $0.17 price level. However, a slip below the key support at $0.16 could lead to a pullback towards the descending support trendline at $0.14.
It’s also worth noting that DOGE has been trading in an uptrend over the past week, gaining about 9%.
#doge⚡ #Dogecoinnews #CryptoNewss $DOGE
Dogecoin, the largest meme cryptocurrency by market cap, has stirred up a whirlwind of speculation in the global crypto community as its price has lost upside momentum after witnessing significant gains.
The price drop comes against the backdrop of a massive DOGE sell-off recorded by a whale in the past 24 hours, raising questions among investors about DOGE’s future price movements. are
Notably, as shown by on-chain data circulating in the broader crypto market, a staggering 90 million coins were sold to CEX, Coinbase today. This massive offloading has raised bearish fears among investors, as it significantly increases token selling pressure.
Whale Transfer Raises Investor Concerns
According to data released by WheelAlert, an on-chain transaction tracker, 89.99 million DOGE, worth $15.18 million, was offloaded by Wheel to Coinbase in a single transaction. The transaction was made through an unknown wallet address, DRsjJ7YWiL…FwUuAkrLom.
Trending
Report: Ethereum and Polygon Dominate EVM Usage and Trading Activity in Q1
Surprisingly, upon investigating the wallet holdings, it was found that the whale had 0 tokens left after the massive transfer. Additionally, the wallet received only these DOGE tokens today, and immediately transferred them to the Coinbase exchange. This has raised eyebrows in the global crypto circle, with the market speculating on the possible motivation behind the move.
In the interim, the price of Dogecoin traded in the red, experiencing extreme volatility.
DOGE Price Falls, What’s Next?
As of this writing, Dogecoin price has reflected a 2.24% price drop in the last 24 hours and is currently trading at $0.1662. Memecoin’s 24-hour low and high are $0.1622 and $0.1741, respectively, illustrating the immense volatility.
Coinglass data underscored substantial DOGE liquidation over the past 24 hours, aligning with a further token dip. DOGE liquidations totaled $4.93 million today, coinciding with increased selling pressure due to the aforementioned transfer.
Additionally, DOGE’s OI fell 4.59% to $987.85 million, followed by derivatives volume down 16.96% to $3.15 billion. This data highlights the lack of investor interest surrounding DOGE, and when combined with increasing selling pressure, may justify the token’s current volatility.
However, the RSI was hovering at 56, indicating mild upside pressure with the token neither overbought nor oversold. A recent analysis by ItsCryptoBasic, Media pointed out that the $0.3 resistance target falls short if the coin should maintain a break above the $0.17 price level. However, a slip below the key support at $0.16 could lead to a pullback towards the descending support trendline at $0.14.
It’s also worth noting that DOGE has been trading in an uptrend over the past week, gaining about 9%.
#doge⚡ #Dogecoinnews #CryptoNewss $DOGE
3 Meme Coins That Could Make You a Millionaire by 2025
Are you ready to ride the next crypto bull market? These 5 meme coins have the potential to make you a millionaire by the end of 2024 to 2025:
1. $FLOKI Inu (FLOKI) - With its strong community and innovative use cases, Floki Inu is poised for massive growth.
2. SHIBA INU ($SHIB ) - This popular meme coin has already shown incredible returns and is expected to continue its upward trajectory.
3. Dogecoin (#doge⚡ ) - As one of the original meme coins, Dogecoin has a loyal following and is well-positioned for another surge.
#shiba⚡ #doge⚡ #folki
Are you ready to ride the next crypto bull market? These 5 meme coins have the potential to make you a millionaire by the end of 2024 to 2025:
1. $FLOKI Inu (FLOKI) - With its strong community and innovative use cases, Floki Inu is poised for massive growth.
2. SHIBA INU ($SHIB ) - This popular meme coin has already shown incredible returns and is expected to continue its upward trajectory.
3. Dogecoin (#doge⚡ ) - As one of the original meme coins, Dogecoin has a loyal following and is well-positioned for another surge.
#shiba⚡ #doge⚡ #folki
#pepe⚡ #InTheHeatWave#
As the Pepe (PEPE) price pumps to fresh record highs as bets on Ethereum ecosystem growth grow amid optimism Ethereum ETFs might soon gain US regulatory approval, Pepe holders are taking profit and moving funds to a new Bitcoin ICO called 99Bitcoins (99BTC) as they hunt potential 1,982% profits.
Since bouncing from the $0.0000090 support zone Sunday, Pepe has pumped 40% to above $0.0000125 in just two days.
The world’s third largest meme coin by market cap, which trades on Ethereum, even came within a whisker of $0.000013.
Pepe’s market cap has now swelled to a whopping $5.3 billion, as per CoinMarketCap.
#Ethereum resurrected! 💀
After a period of weak performance, $ETH exploded last night, jumping over 10% to $3.6K! 💥 @crypto ups odds of spot #ETF approval from 25% to 75%! 🔥
And its 31% gain in the past 24 hours means Pepe is leaving its major competitors, Dogecoin (DOGE) and Shiba Inu (SHIB), in the dust.
The sky is the limit for Pepe, but its bloated market cap suggests that gains from here might be limited to a maximum of 5x.
Traders looking to book higher gains must find newer and lesser-known cryptos.
If they can find a future market leader early, before it gains major traction, that’s a recipe for big profits.
#pepe⚡ #shiba⚡ #doge⚡ #BONK🔥🔥
As the Pepe (PEPE) price pumps to fresh record highs as bets on Ethereum ecosystem growth grow amid optimism Ethereum ETFs might soon gain US regulatory approval, Pepe holders are taking profit and moving funds to a new Bitcoin ICO called 99Bitcoins (99BTC) as they hunt potential 1,982% profits.
Since bouncing from the $0.0000090 support zone Sunday, Pepe has pumped 40% to above $0.0000125 in just two days.
The world’s third largest meme coin by market cap, which trades on Ethereum, even came within a whisker of $0.000013.
Pepe’s market cap has now swelled to a whopping $5.3 billion, as per CoinMarketCap.
#Ethereum resurrected! 💀
After a period of weak performance, $ETH exploded last night, jumping over 10% to $3.6K! 💥 @crypto ups odds of spot #ETF approval from 25% to 75%! 🔥
And its 31% gain in the past 24 hours means Pepe is leaving its major competitors, Dogecoin (DOGE) and Shiba Inu (SHIB), in the dust.
The sky is the limit for Pepe, but its bloated market cap suggests that gains from here might be limited to a maximum of 5x.
Traders looking to book higher gains must find newer and lesser-known cryptos.
If they can find a future market leader early, before it gains major traction, that’s a recipe for big profits.
#pepe⚡ #shiba⚡ #doge⚡ #BONK🔥🔥
#MemeWatch2024 Can Pepe (PEPE) Become the Biggest Meme Coin in 2024? #pepe⚡ #shiba⚡ #doge⚡
🔷 What Are PEPE’s Chances?
🔸The frog-themed meme coin – Pepe (PEPE) – has gained even more popularity in the past few days thanks to its rapid price increase. As CryptoPotato reported, it hit a new all-time high on May 15, whereas its market capitalization neared the $5 billion mark. The surge positioned PEPE as the third-largest in the meme coin realm, trailing behind Dogecoin (DOGE) and Shiba Inu (SHIB).
🔹Other necessary elements include community support and endorsement from influential figures. It is worth noting that a study conducted at the end of last year positioned Shiba Inu (SHIB) as the meme coin with the most solid supporter base, while PEPE was third.
🔸Speaking of support from prominent individuals, one should mention that Dogecoin (DOGE) is the favorite cryptocurrency of Tesla’s CEO, Elon Musk. This might be among the reasons why the asset is the most dominant meme coin.
🔹Not long ago, though, one of the wealthiest people posted a controversial picture on X depicting a frog dressed as a soldier. Some industry participants described the activity as a pro-PEPE move.
🔶 PEPE’s Success in Just a Year
🔹The meme coin saw the light of day in April 2023, turning into a sensation almost immediately. The interest in it rapidly increased in the following months, coinciding with its price rally and support from leading cryptocurrency exchanges.
🔸Some giants allowing trading services with PEPE include Binance, Bybit, OKX, Coinbase, Bitget, and many more.
🔹The token’s impressive ascent in a short period of time enabled savvy traders to make substantial profits. However, investors should also keep in mind the volatile nature of PEPE and the entire meme coin sector before entering the ecosystem, as they may experience devastating losses.
$PEPE $SHIB $DOGE
🔷 What Are PEPE’s Chances?
🔸The frog-themed meme coin – Pepe (PEPE) – has gained even more popularity in the past few days thanks to its rapid price increase. As CryptoPotato reported, it hit a new all-time high on May 15, whereas its market capitalization neared the $5 billion mark. The surge positioned PEPE as the third-largest in the meme coin realm, trailing behind Dogecoin (DOGE) and Shiba Inu (SHIB).
🔹Other necessary elements include community support and endorsement from influential figures. It is worth noting that a study conducted at the end of last year positioned Shiba Inu (SHIB) as the meme coin with the most solid supporter base, while PEPE was third.
🔸Speaking of support from prominent individuals, one should mention that Dogecoin (DOGE) is the favorite cryptocurrency of Tesla’s CEO, Elon Musk. This might be among the reasons why the asset is the most dominant meme coin.
🔹Not long ago, though, one of the wealthiest people posted a controversial picture on X depicting a frog dressed as a soldier. Some industry participants described the activity as a pro-PEPE move.
🔶 PEPE’s Success in Just a Year
🔹The meme coin saw the light of day in April 2023, turning into a sensation almost immediately. The interest in it rapidly increased in the following months, coinciding with its price rally and support from leading cryptocurrency exchanges.
🔸Some giants allowing trading services with PEPE include Binance, Bybit, OKX, Coinbase, Bitget, and many more.
🔹The token’s impressive ascent in a short period of time enabled savvy traders to make substantial profits. However, investors should also keep in mind the volatile nature of PEPE and the entire meme coin sector before entering the ecosystem, as they may experience devastating losses.
$PEPE $SHIB $DOGE
#siacon ElectAs the market anticipates an imminent bull rally, ChatGPT recommends the top five altcoins under $0.01 for a profitable $1,000 investment.
Despite the recent turbulence in the crypto market, investors remain confident about seeing a massive bull rally before the end of the 2024/2025 season.
Several analysts believe this season will usher in the most significant bull rally.
Top 5 Altcoins Under $0.01 For a $1,000 Investment
Consequently, we queried ChatGPT to highlight the top five altcoins under $0.01 suitable for an investment of $1,000.
Shiba Inu (SHIB)
The AI chatbot ranked Shiba Inu (SHIB) at the top of the list. ChatGPT recommended that the investor allocate a capital of $300 to the canine-themed token for a chance to record huge returns.
At the current price of $0.00002512, a $300 investment in Shiba Inu today would give 11,942,675 (11.94 million) SHIB tokens.
According to ChatGPT, the reason behind SHIB’s activities.
Holo (HOT)
Holo (HOT) is the second recommendation on ChatGPT’s list of crypto assets under $0.01 for a $1,000 investment. For context, Holo is an ERC-20 token redeemable for the upcoming HoloFuel token, which will be used to pay costs for services within the Holochain. Of the $1,000 capital, ChatGPT recommended that the investor should invest $250 into HOT.
BitTorrent (BTT)
Launched in 2001, BitTorrent is a decentralized data-sharing platform. In 2018, Tron acquired BitTorrent, which has since bolstered its decentralization. ChatGPT highlighted BitTorrent’s native token.
Siacoin (SC)
ChatGPT highlighted Siacoin as the fourth altcoin under $0.01, which is suitable for an investor with a capital of only $1,000. For the uninitiated, Siacoin is , which places it as the 159th-biggest crypto.
Electroneum (ETN)
The last recommendation in the list is Electroneum (ETN). It boasts a market cap of $53.97 million, ranking it as the 589th-largest cryptocurrency. According to ChatGPT, investors with a $1,000 capital can allocate $100
#pepe⚡ #shiba⚡ #doge⚡ #Electroneum
Despite the recent turbulence in the crypto market, investors remain confident about seeing a massive bull rally before the end of the 2024/2025 season.
Several analysts believe this season will usher in the most significant bull rally.
Top 5 Altcoins Under $0.01 For a $1,000 Investment
Consequently, we queried ChatGPT to highlight the top five altcoins under $0.01 suitable for an investment of $1,000.
Shiba Inu (SHIB)
The AI chatbot ranked Shiba Inu (SHIB) at the top of the list. ChatGPT recommended that the investor allocate a capital of $300 to the canine-themed token for a chance to record huge returns.
At the current price of $0.00002512, a $300 investment in Shiba Inu today would give 11,942,675 (11.94 million) SHIB tokens.
According to ChatGPT, the reason behind SHIB’s activities.
Holo (HOT)
Holo (HOT) is the second recommendation on ChatGPT’s list of crypto assets under $0.01 for a $1,000 investment. For context, Holo is an ERC-20 token redeemable for the upcoming HoloFuel token, which will be used to pay costs for services within the Holochain. Of the $1,000 capital, ChatGPT recommended that the investor should invest $250 into HOT.
BitTorrent (BTT)
Launched in 2001, BitTorrent is a decentralized data-sharing platform. In 2018, Tron acquired BitTorrent, which has since bolstered its decentralization. ChatGPT highlighted BitTorrent’s native token.
Siacoin (SC)
ChatGPT highlighted Siacoin as the fourth altcoin under $0.01, which is suitable for an investor with a capital of only $1,000. For the uninitiated, Siacoin is , which places it as the 159th-biggest crypto.
Electroneum (ETN)
The last recommendation in the list is Electroneum (ETN). It boasts a market cap of $53.97 million, ranking it as the 589th-largest cryptocurrency. According to ChatGPT, investors with a $1,000 capital can allocate $100
#pepe⚡ #shiba⚡ #doge⚡ #Electroneum
