DOGE Drops 10.56% Amid Whale Accumulation, Bit Origin Buy, and Major Technical Upgrades
Dogecoin (DOGEUSDT) experienced a significant price decline of 10.56% over the past 24 hours, currently trading at 0.23527 USDT on Binance. The recent price drop follows a period of heightened volatility, despite positive developments such as Bit Origin's acquisition of 40.54 million DOGE as part of a $500 million treasury strategy and ongoing whale accumulation totaling over 1.08 billion DOGE in the past week. Technical upgrade proposals, including OP_CHECKZKP for zk-rollup compatibility and discussions around an Ethereum bridge, have increased attention on Dogecoin's potential utility expansion. However, the introduction of these proposals and the preceding strong price rally—up 29% in the past week and 69% over the last month—appear to have led to profit-taking and increased selling pressure at resistance levels, contributing to the current downtrend. Trading activity remains robust, with 24-hour volume ranging from $3.94 billion to $12.28 billion and a market capitalization near $36 billion, reflecting sustained market interest despite the recent correction.
ADA Token Drops 10% Amid Market Correction, But Exchange Outflows and Upgrades Signal Investor Optimism
Cardano (ADAUSDT) experienced a notable price decline of 10.16% over the past 24 hours, with the current price on Binance at $0.7997, down from a 24-hour open of $0.8901. This drop is attributed to a combination of factors, including a broader market correction and profit-taking following recent bullish sentiment and technical breakouts. Despite the price decrease, on-chain data shows significant exchange outflows and a high proportion of long positions (76.23% of Binance ADA traders), indicating ongoing investor accumulation and optimism. Recent developments such as the announcement of an independent audit, upcoming ecosystem upgrades (including Apple Pay and Google Pay integrations), and regulatory news like the GENIUS Act and Bitwise ETF approval have contributed to heightened market activity and volatility. Cardano remains actively traded, with a 24-hour volume between $1.41 billion and $1.81 billion and a market capitalization near $29 billion, maintaining its position among the top cryptocurrencies.
TRX Token Sees 2.17% Dip Amid Whale Activity and High Trading Volume, Network Growth Persists
TRON (TRXUSDT) experienced a 2.17% price decrease over the past 24 hours, with the current price at $0.3070 according to Binance data. The recent price decline is attributed to increased volatility driven by large transfers from major holders (whales), as well as profit-taking following TRX’s recent highs and heightened trading activity. Despite positive network developments—including record transaction volumes, technical upgrades, and a growing share of USDT supply—short-term selling pressure and cautious sentiment among traders have contributed to the pullback.
TRXUSDT’s 24-hour trading volume remains robust, with approximately $1.49 billion reported and a high of $0.3186 and a low of $0.3096. TRON maintains a strong market capitalization of around $29.39 billion, ranking it among the top cryptocurrencies, while ongoing network growth and DeFi activity continue to support long-term interest in the asset.
BNB Token Sees 2.6% Pullback After All-Time High, Driven by Surging Users and $3M Liquidations
BNBUSDT experienced a 2.60% decline over the past 24 hours, with the price dropping from 777.83 to 757.59 USDT. This price movement follows a recent surge to a new all-time high above $804, driven by increased institutional investment, positive regulatory developments in the U.S., and strong ecosystem growth, including a 26.4% rise in daily active users and a 58% increase in quarterly revenue. The subsequent correction reflects profit-taking and heightened volatility, as evidenced by significant derivatives activity and liquidations totaling $3.07 million in the last day. Current trading volume remains elevated, ranging from $2.84 billion to $4.37 billion, with BNB maintaining a market capitalization of approximately $107.86 billion and a circulating supply of about 139.29 million coins.