Whales Increase Dogecoin Activity
Release: 2024/07/13 03:07 Reading: 316
Whales Increase Dogecoin Activity
Dogecoin (DOGE) has experienced a significant surge in whale activity in recent days. Data from IntoTheBlock reveals large-scale movements by the Dogecoin whale community between July 9-11.
Whale Activity Surges
Initially, data on July 9 indicated a negative flow of -37.05 million, suggesting whale selling activity. However, the trend reversed on July 11, with the net flow turning positive to reach 364.38 million tokens. This represents an 868% increase, indicating significant whale purchases.
Potential Price Impact
Historically, such whale activity can trigger price increases as whales typically buy in anticipation of a rise. However, the current price action does not reflect this yet.
As of writing, DOGE is trading around $0.1077, with a 0.30% decline over the past 24 hours. However, the 7-day outlook remains positive, with a 3.60% increase.
Market Trends Influence Price
Generally, an influx of open interest often leads to price appreciation. Conversely, a decline in open interest can result in a price drop. At the time of writing, Dogecoin's open interest has fallen to $2.51 billion, according to Santiment.
Liquidation Zones
An analysis of DOGE's liquidation heatmap provides further insights. High liquidity zones represent areas where large investors can move the price to acquire liquidity.
Currently, a high liquidity zone is present around the $0.11 region, suggesting that DOGE may rise from its current position. However, a decline in buying pressure could lead to a liquidation zone around $0.098, potentially pulling the price lower.
Recent news
More>- Homosexual Pepe Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- BTFD Presale Captivates Investors in the Best New Meme Coin Presales for Significant Returns as PEPE and SPX6900 Dominate the Scene Fuel the... 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- The Metrics Pointing to Massive Potential for WIF, JASMY, and PEPE in 2025 01-01
- BTFD Coin’s Presale is Unmissable Amid Pepe and Moo Deng’s Crypto Hype: Best Meme Coin Presales to Join This Week 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Ahead of Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- Crypto Gems for the Next Quarter: Top 5 Tokens to Watch 01-01
- Why $PEPE Jumped 20% Today And Which Coin Could Be Next 01-01
- Best New Meme Coins to Join for Short Term: BTFD Raises $4.7M in Presale as BONK Boasts Low-Cost Transactions and PEPE Enjoys Steady Followi... 01-01
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
- 8 Top 4 Altcoins At 70% Discounts – Last Chance!
- 9 Smart $Pepe trader makes $11.7M profit during Market Drop
- 10 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com