Dogecoin current price: approximately $0.21

In the past month, it has dropped by 10%, over 4% in the last 24 hours, and has fallen 15% from the peak of $0.245 on August 24.

Whales are crazily hoarding coins!

The volume of large Dogecoin transactions (single transactions over $100,000) surged to a 5-month high in August.

The number of large wallet addresses holding 1 million to 10 million DOGE has increased to 4,288.

In simple terms, the whales are buying up at low prices instead of selling.

Is the Trump family coming to assist?

Their company Thumzup acquired the Dogecoin mining company Dogehash Technologies.

Grayscale has submitted an application for a Dogecoin spot ETF, which, if approved, could ignite market sentiment.

Technical aspect: breakout imminent!

The Dogecoin 4-hour chart has formed a "symmetrical triangle," with the upward trendline holding steady.

If it breaks out successfully, the upper target could be $0.285, representing an increase of about 35% from now!

A small episode: Trader James Wynn's 10x leveraged long position was liquidated, losing $22,600, but he still insists that "bearish sentiment has peaked, and being bullish is the opportunity."

Although the short-term price is under pressure, the continuous buying from large holders + ETF concept + favorable technical formation are all releasing bullish signals.

Focus: Can it break through the triangle resistance & the progress of ETF approval.