Dogecoin Whales Accumulate Over 100 Million DOGE as Bulls Target $0.3 Price ⋆ ZyCrypto
By: bitcoin ethereum news|2025/05/02 23:45:01
0
Share
Dogecoin holders are ramping up more DOGE following multiple bulls raising short-term targets. Meme coins soared alongside Bitcoin (BTC) and altcoins last month, recovering from a stretched downtrend. Recent accumulations have heightened sentiments in these highly volatile assets ahead of upcoming U.S. macro events. Dogecoin Bulls Lock In Target Crypto whales have purchased 100 million DOGE tokens in the last seven days. This buying pressure comes as meme coins record double-digit gains in the same timeframe. As the wider market recovers, whales look for good entry positions ahead of an expected rally. Due to massive institutional inflows and slow retail outflows, Dogecoin’s metrics remain in the green zone . Unlike other assets, net exits from centralized exchanges have been curtailed, driving up trader confidence. After Bitcoin retested $95k, altcoins like Ether, Solana (SOL), and XRP saw mild outflows, triggering profit-taking fears. This grew in the past week, lowering the bullish impact. DOGE’s price stands at $0.1792, with a 2.5% growth over the past day and a stronger weekly average. Daily volume above 18% has spiked the market cap to $26.7 billion. Meanwhile, several traders have set a short-term target above $0.3 in their quest for a rally. Expert trader Ali Martinez wrote on Dogecoin’s drive towards an all-time high. According to him, an upsurge above $0.2 could trigger an all-time high if institutional demand remains high. “DOGE can secure a monthly close above $0.20, which could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest.” Meanwhile, the Dogecoin community witnessed a slight frenzy after Bloomberg’s analyst Eric Balchunas shared the latest odds for a possible spot ETF approval in the United States. According to the data, spot DOGE ETFs stand an 80% approval chance with a final SEC deadline on October 17. DOGE Momentum Fuels Meme Coin Swing This year, meme coins fell short of their Q4 2024 rally due to negative macro trends. Meme coins trade in line with Bitcoin sentiments and are often linked to low utility, unlike top crypto assets. The massive DOGE rally recorded last month led to a similar movement in other meme coins. First, the total market cap gained $12 billion daily, followed by huge daily trading volumes. Top assets like Shiba Inu (SHIB), PEPE, and Official Trump gained over 7% inflows last week. Source: https://zycrypto.com/dogecoin-whales-accumulate-over-100-million-doge-as-bulls-target-0-3-price/
You may also like
SemiAnalysis: Anthropic's Q3 Profit Expected to Exceed $1 Billion
Anthropic is quietly disrupting the AI commercial landscape. With the explosive popularity of Claude Code, its ARR has surged from $9 billion to over $60 billion in a single quarter, with API business gross margins exceeding 80% and net revenue retention rates reaching 500%. Research firm SemiAnalys...
From 'Never Sell Bitcoin' to Active Management: How is Strategy Coping with $1.26 Billion Annual Dividend Pressure?
Leverage Products Trigger Major Changes in Stock Market: How Did the South Korean Market Become a 'Casino'?
Bernstein Analysis: Memory Prices Are Still Rising, But Phones and PCs Can't Keep Up
Satoshi Bitcoin lawsuit drops 44 wallets after on-chain activity
Upcoming Auction of Token FOLD: What is The Interfold Supported by Vitalik?
The Demystification of AI Collaboration Tools: Is Organizing Reports and Checking Spreadsheets the Most Common Scenario?
Goldman Sachs Trading Desk: The Sell-off of Momentum Stocks in the U.S. is Fierce, Unseen Since 2020! But No 'Panic' Yet, Retail Investors are the Biggest Support
Collateral USD: How does the "second layer dollar" above stablecoins form?
Under the reference framework of the offshore dollar system, once stablecoins are incorporated into the collateral financing chain, it may give rise to a new type of dollar debt based on them—“collateralized dollars.” Whether this layer of debt can be established and whether it is stable depends on ...
How has the Pacific "fever" turned extreme weather into a cash machine for Wall Street?
The extreme weather caused by El Niño is sweeping through the commodity markets, becoming not only a "weather code" for quantitative funds and traders to frantically profit from, but also quietly driving up global food prices and the cost of living for ordinary people.
Trade Spot Market Orders With More Control: WEEX Adds Slippage Tolerance
WEEX Spot now supports Slippage tolerance for market orders, helping users set a maximum acceptable price deviation before placing a market buy or sell order
Morning Report | One week after the full implementation of the EU MiCA, 21 stablecoin issuers and over 270 crypto service providers have obtained regulatory qualifications; Microsoft lays off 4,800 employees, with Xbox accounting for about 3,200 of the...
July 7 Market Important Events Overview
Morning News | SK Hynix officially launches the marketing promotion process for its U.S. stock listing; the Central Cyberspace Administration announces the results of the first phase of rectifying AI application chaos, with over 14,000 non-compliant pr...
July 6 Market Important Events Overview
How has Binance's stock business performed in the 30 days since its launch?
Emerging market buying supported the first wave of demand.
Blockchain Capital Partner: AI is rewriting the fundamental unit of labor
The rise of AI is rewriting the basic unit of labor from "positions" and "companies" to "tasks." When programmable labor meets programmable currency, a production line without companies, salary systems, or HR becomes possible for the first time.
Can Open USD support Stripe's ambitions?
Stripe collaborates with multiple parties to launch OUSD, not only challenging the dominance of USDC but also exposing its trillion-dollar ambition to transition from a "payment interface" to a "next-generation funds settlement network."
Founder of Baixing.com: I believe half of the statement that large language models devour everything
The internet has been shouting for so many years about devouring everything. Has it really devoured everything now? Is it the internet that devours everything, or is it the large models that devour everything? Both are devouring, and nothing is left?
A "legal" robbery? Attackers emptied the BonkDAO treasury by buying tickets
Handing over the keys to the vault to a public vote where "anyone can spend money to participate," without sufficient oversight mechanisms, even the most legitimate governance ideals may turn into the most convenient tools for attackers.
SemiAnalysis: Anthropic's Q3 Profit Expected to Exceed $1 Billion
Anthropic is quietly disrupting the AI commercial landscape. With the explosive popularity of Claude Code, its ARR has surged from $9 billion to over $60 billion in a single quarter, with API business gross margins exceeding 80% and net revenue retention rates reaching 500%. Research firm SemiAnalys...
From 'Never Sell Bitcoin' to Active Management: How is Strategy Coping with $1.26 Billion Annual Dividend Pressure?
Leverage Products Trigger Major Changes in Stock Market: How Did the South Korean Market Become a 'Casino'?
Bernstein Analysis: Memory Prices Are Still Rising, But Phones and PCs Can't Keep Up
Satoshi Bitcoin lawsuit drops 44 wallets after on-chain activity
Upcoming Auction of Token FOLD: What is The Interfold Supported by Vitalik?
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com




