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DOGE is around 0.0735u today, up two points in one day. The White House reached an ethical agreement in the Clarity Bill over the past two days. Bitcoin surged to 66ku, and ETH, XRP, and DOGE all rose along with it.
There’s an on-chain move worth mentioning: a whale bought 66k DOGE through Robinhood a few days ago, spending $14 million. The timing coincided with the price consolidation period, and the market interpreted it as a signal of big-holder confidence.
Technically, it’s currently forming a rising flag pattern. If it breaks above 0.0725u on increased volume, the target is around 0.075u.
However, developers are a bit divided: inside the core team, there’s debate over whether to end the security mechanism that relies on the Litecoin mining network. No decision has been made yet.
Data shows that most retail traders buying meme coins are currently at a floating loss. On Robinhood, more than 60% of meme coin holders are losing money, suggesting that this round of sentiment recovery is mainly being led by whales, and retail confidence has not fully come back.
At the all-time high of 0.7316u, it’s now down 90%. With this drawdown in front of everyone, last year alone it fell by more than 60% #Gate事件合约首发狂欢 $DOGE