- Whales gathered 158M DOGE as Thumzup dropped $2M and moved into Dogecoin mining with DogeHash.
- The primary U.S. Dogecoin ETF ($DOJE) launched, hitting $17M quantity on day one.
- DOGE trades close to $0.275, with upside targets at $0.36–$0.45 if $0.29 breaks, however dangers a drop to $0.23 if $0.26 fails.
Dogecoin’s been shifting sideways, however underneath the floor issues are heating up. Whales have quietly scooped up greater than 158 million DOGE, and establishments are again within the recreation too. Even higher, the very first Dogecoin ETF has landed within the U.S., making meme coin publicity an entire lot extra mainstream.
Whale Strikes & Thumzup’s Huge Guess
On-chain information reveals whales didn’t blink on the latest worth dip. In only a few days, 158M DOGE value round $42 million was added to wallets. Whereas retail merchants appeared spooked by the 25% drop in quantity, larger palms saved stacking.
Thumzup Media Company additionally went public with its personal purchase — $2 million value of DOGE at a median of $0.2665. However that’s not all. They’re planning to dive into mining by snapping up DogeHash, which already runs 2,500 rigs with one other 1,000 coming on-line quickly. Earlier this yr, Thumzup raised $50M to again these sorts of strikes, principally signaling they see DOGE as greater than only a meme play.
First U.S. Dogecoin ETF Goes Reside
Thursday marked a milestone. The REX-Osprey Dogecoin ETF ($DOJE) launched alongside an XRP ETF, and collectively they noticed $55M in day-one quantity. DOJE alone clocked in at $17M. With SEC approval underneath the Funding Firm Act of 1940, the product skipped the messy delays different crypto ETFs confronted. It’s a legit step towards bringing DOGE into the institutional highlight.
Worth Setup: Can DOGE Double?
Proper now, DOGE trades close to $0.275, parked in the course of an ascending wedge sample. RSI sits at 62 — wholesome momentum, not overheated. Accumulation information is pointing upward too, which normally suggests demand is quietly constructing.
If bulls push via the $0.29 resistance, analysts like Ali Martinez say the trail to $0.36 opens quick, perhaps even stretching towards $0.45. That may be practically a 2x transfer from right here. However warning’s nonetheless within the air: dropping $0.26 assist might drag DOGE again to $0.23–$0.24, the place dip consumers would doubtless step in. Slip decrease than that, and the bullish wedge setup might crumble.
Disclaimer: BlockNews offers unbiased reporting on crypto, blockchain, and digital finance. All content material is for informational functions solely and doesn’t represent monetary recommendation. Readers ought to do their very own analysis earlier than making funding choices. Some articles could use AI instruments to help in drafting, however every bit is reviewed and edited by our editorial staff of skilled crypto writers and analysts earlier than publication.