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DOGE is hovering around 0.0735u today, up 2% over the day. Over the past two days, the White House reached an ethical agreement within the CLARITY Act. Bitcoin surged to 66ku, and ETH, XRP, and DOGE all rose together.
There’s an on-chain move worth mentioning: a whale bought 200 million DOGE through Robinhood a few days ago, spending $14 million. The timing was during the price consolidation period, and the market interpreted it as a signal of big-player confidence.
On the technical side, an ascending flag pattern is forming. If it breaks above the 0.0725u level with increased volume, the target would be 0.075u.
However, developers are divided: the core team is debating whether to end the security mechanism that relies on the Litecoin mining network. This matter hasn’t been decided yet.
Data shows that most retail investors buying meme coins are currently sitting on unrealized losses. 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, while retail confidence hasn’t fully caught up yet.
At the all-time high of 0.7316u, it has now fallen by 90%. The size of this drawdown is right there in front of everyone: over the past year alone, it dropped by more than 60% #Gate事件合约首发狂欢 $DOGE