Last week, Dogecoin went through another downturn after undergoing a three-week recovery. This led to a notable loss, and other major meme coins are now following suit with an average 10% loss in a week. Doge’s market structure is still considered bearish on the daily chart following a dramatic reduction in the past few months. In fact, things are beginning to look uglier again as it poises for another crash. This came after taking a short break in March, but later resumed bearish in the late month due to a rejection at $0.2. As we can see on the daily
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]]>In the world of cryptocurrencies, large holders of digital assets—known as whales—can exert a tremendous influence over the market. Their buying and selling activities often cause huge price movements, and their strategies can give us a good idea of how the overall market feels about a given token. Recently, one such whale has shot into the limelight after a big sell-off of $TRUMP tokens—which resulted in a pretty massive loss, as the whale had been loaning some of those tokens out—to a bunch of smaller token holders. As the $TRUMP market continues to navigate turbulent waters, a key unlock event
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]]>The memecoin market has been experiencing a rollercoaster of activity and trading volume over the last week. From March 11 until today, trading volume has been low and very volatile but with certain peaks of heightened activity that have traders watching very closely for any signs of a breakout or major shift. And despite all this, there are some possible short-term trader opportunities, especially in the wake of a pretty recent spike in volume that seems to have been caused by inflows of smart money. Volume Trends and Market Activity For the last week, trading volumes of memecoins have shown
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]]>A whale known for trading PEPE tokens recently ended the ninth wave of their trading strategy with a significant loss of $612,000. Over the past three days, the whale accumulated 360.7 billion PEPE tokens (valued at approximately $8.49 million) at an average price of $0.00002353. However, after PEPE’s market price dropped nearly 10% today, they sold all their holdings at $0.00002184, incurring a loss of 7.2%. https://twitter.com/ai_9684xtpa/status/1869369048099868760 This marks the latest chapter in a high-stakes trading saga that began in March 2024. Over the course of nine waves, the whale has managed to achieve six profitable trades, generating an overall
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]]>In 2024, Coinbase has added 34 tokens to its listing roadmap, with only seven classified as memecoins, making up 20.58% of the total. Notably, 71% of these tokens have a market capitalization exceeding $500 million. This marks a stark contrast to Binance, which has listed 14 memecoins since October. Coin Listing Trends and Timing Coinbase launched its memecoins primarily after October, aligning with a period of market downturns and renewed interest in niche markets like memecoins. While Binance also began its memecoin push around this time, its listing frequency is significantly higher, reflecting a more aggressive approach to such tokens.
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]]>This week, the meme token market has seen a mix of gains and losses, with some tokens capturing significant attention. Market leader DOGE surged by 12% following a viral post from Elon Musk, reigniting support for the coin and boosting its performance by 11.38%. Another top performer, $MOG, rose by 10.76%, and $MOODENG spiked over 100% thanks to a new exchange listing. Despite the excitement around meme coins, the sector’s overall market cap declined slightly from $59 billion to $57 billion. Still, the broader meme sector grew by 8.78% this week and 36% over the past month, according to DeFiLlama,
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]]>In the past hour, a prominent early SHIB investor made headlines by swapping 1,003 $ETH, worth $2.31 million, for 2.86 billion $NEIRO, even after the meme coin experienced a 17x surge in value. This whale previously gained a massive $145 million from $SHIB during the 2021/22 bull run. However, two out of their last three trades, including $NEIRO and a subsequent $SHIB trade, haven’t fared as well, leading to losses of $13.48 million. On the brighter side, the whale executed a smart trade on August 30 by offloading their underperforming $SHIB holdings and acquiring 3.114 million $FET. That trade is
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