#doge⚡
Dogecoin (DOGE) suffered a "big wash", and the meme coin world was in turmoil!
Have you heard about it? Dogecoin (DOGE) has recently suffered a "big wash"! With a drop of just 18%, those investors who were long on Dogecoin lost up to $60 million! This is the largest single-day "wash" of Dogecoin since May last year!
What's more interesting is that the scale of Dogecoin's "wash" this time is almost catching up with the two big guys, Bitcoin and Ethereum! You know, the market value and trading volume of Bitcoin and Ethereum are several times that of Dogecoin! Dogecoin's performance this time is really impressive!
So, why did Dogecoin suffer such a big drop? Some analysts believe that it may be that the "whales" who hold a large number of Dogecoins have begun to reduce their shares. These "whales" are like giant creatures in the ocean, and their every move can cause fluctuations in the entire market. According to IntoTheBlock, the number of addresses controlling more than 0.1% of Dogecoin has dropped from 45% to 41%. It seems that these "whales" are indeed adjusting their strategies.
However, don't worry too much. Although Dogecoin has suffered such a big drop, on-chain data shows that Dogecoin still has some support. In the largest accumulation area, investors bought about 43 billion Dogecoins at a price of about $0.109. This is like a solid backing, providing some support for Dogecoin.
In addition to Dogecoin, other meme coins have also been hit hard in this storm. For example, the Dogwifhat (WIF) token on Solana has fallen by nearly 20% in the past 24 hours! And the basic meme currency BRETT has also fallen by 16%, and the weekly decline is as high as 20%! It seems that this storm is really fierce!
This "big wash" of Dogecoin and the storm of the entire meme coin world have taught us profound lessons.
#DOGE原型柴犬KABOSU去世 #热门趋势
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