It’s not every day the Dogecoin blockchain lights up with $23 billion in whale activity, but that’s exactly what happened over the past 24 hours. Big wallets have been moving massive chunks of DOGE, and while it hasn’t sparked a rally (yet), the scale of those transactions has traders on high alert.
The sudden spike in volume has revived curiosity around whether Dogecoin is about to wake up, or if this is just a reshuffling among whales prepping for the next big move. Meanwhile, Bitcoin is grinding just under $106,000, showing signs of exhaustion, and Ethereum is struggling to reclaim $2,600 as traders debate whether this leg has more juice or if a cooldown is next.
Dogecoin’s market cap is holding near $33.98 billion, but what’s interesting isn’t the price — it’s what’s happening behind the scenes.
Dogecoin has a habit of moving when no one expects it. With this much DOGE flowing around quietly, don’t be surprised if volatility suddenly picks up.
Bitcoin price today is holding around $106,748, and it’s starting to look like the rally’s losing steam, not reversing, just catching its breath.
BTC is still in an uptrend, but it’s tired. Without a new catalyst, ETF inflow, macro data, or a surprise Fed comment, this rally might pause here.
Ethereum’s move looks similar to Bitcoin — sharp rally, now flattening just under a key level. ETH is currently trading at $2,552, trying to gain footing above recent resistance.
The Ethereum outlook stays constructive as long as BTC holds its ground. But just like Bitcoin, ETH needs a reason to break higher, and fast money is clearly hesitating here.
Today’s crypto charts show strength, but also nerves. Dogecoin whales are moving billions, Bitcoin is hesitating at $110K, and Ethereum is hitting resistance again. The setup feels like something’s brewing, but no one’s sure which coin will move first.
All eyes on DOGE. If those whale moves turn into something more, it could trigger a wider shake-up, just when the majors are starting to slow.
This article was originally published on InvestingCube.com. Republishing without permission is prohibited.
This post was last modified on May 21, 2025, 14:03 BST 14:03