MARKET DUMP ALERT – WHALES PULL THE STRINGS AFTER $BTC ATH
The entire market just faced a sudden and sharp drop. $PEPE /USDT fell from a high of 0.00001462 to 0.00001303, erasing gains in minutes. This flash crash wasn’t random—whales took control right after Bitcoin hit a fresh all-time high.
This is a classic post-ATH shakeout, likely designed to trigger stop-losses, liquidate over-leveraged positions, and create fear before accumulation resumes. Volume remains extremely high, showing that smart money is still active.
Traders should stay calm and watch for key support levels to hold. The structure is still bullish on higher timeframes, and if recovery starts soon, this could end up being a fakeout before the next leg up.
🧢 Dogwifhat Breaks Free — Eyes 80% Surge to $1.80 as Meme Coins Ignite!
Solana meme coin Dogwifhat continues its climb after touching $0.92.
Pepe, TRUMP, and Bonk meme coins continue to rise, mirroring market sentiment.
Open interest and trading volume rise, indicating trader interest.
Bull flags indicate a significant breakthrough to $1.80 for WIF.
On Wednesday, Dogwifhat (WIF) traded at $1.00, reversing the trend upward. After a rejection from the supply-rich zone around $1.31 on May 12, the Solana-based meme currency tested support at $0.92. WIF's futures market shows rising Open Interest (OI) and trading volume, indicating investor interest that might support the price.
Dogecoin (DOGE), the largest meme currency by market capitalization, maintained 3.5% increases over the previous 24 hours. Also in the green is Shiba Inu (SHIB), up 2.4%.
At 10% and 8%, Pepe (PEPE) and Official Trump (TRUMP) saw the biggest gains compared to DOGE and SHIB.
Meme coins have $75 billion in market share behind Decentralised Finance Sector (DeFi) tokens with $115 billion in total market value.
According to CoinGlass statistics, Dogwifhat futures market Open Interest has increased by over 10% in the previous 24 hours to $408 million.
OI reflects unresolved contracts like futures and options. With WIF's near 10% rise to $1.73 billion, OI and trading volume indicate trader interest, new money, and increased involvement.
The jump in short position liquidations to $1.44 million compared to longs at $996,000 over the previous 24 hours indicates high market volatility, with bearish traders losing more when WIF's price rises over $1.00.
Dogwifhat's price is just over $1.00 after breaking above the bull flag formation on the four-hour chart below. WIF broke out after testing support at $0.92, barely below its 50-day Exponential Moving Average (EMA) support at $0.98.
Measure half the flagpole height and extrapolate higher from the breakout point to achieve the 80% breakout objective to $1.80.
#dogwifhat #WIF #BTC110KToday? #MyEOSTrade $WIF
Chung Daily Note - 2025/5/21
BTC ATH! 🎉 🎉
💡Ethereum adoption and compliant yield demand are rising—MI4 and @mETHProtocol $mETH aim to deliver institutional-scale access
Some highlights from today's note
🔸@VivekGRamaswamy's Strive aims to buy 75,000 Mt. Gox BTC claims at a discount to build its Bitcoin treasury
🔸@NasdaqBTCS bought 3,450 ETH for $8.42M, boosting holdings to ~12,500 ETH—up 38% since Q1 2025
🔸Texas passes Strategic Bitcoin Reserve Bill SB21
Read More Below 👇
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📰 News
• Vivek's Strive aims to buy 75,000 Mt. Gox BTC claims at a discount to build its Bitcoin treasury
• @NasdaqBTCS bought 3,450 ETH for $8.42M, boosting holdings to ~12,500 ETH—up 38% since Q1 2025
• Texas passes Strategic Bitcoin Reserve Bill SB21
• @vaneck_us launches Purposebuilt, a fund for real-world apps on Avalanche
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📖 Good Reads
• @_ryanrconnor - Consumer crypto & Net New Asset
• @jinglingcookies - Difference between @KaitoAI and @cookiedotfun
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🎉 New Protocols
• @xtaohq
• @gavelxyz
• @DSPyOSS
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💰 Crypto Fundraising
• @worldcoin (Blockchain Infrastructure) - 135m
• @Voya_Games (GameFi) - 5m led by @1kxnetwork @makersfundvc
• @AstarNetwork (Chain) - $TBD investment from @animocabrands
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💵 Airdrops
• @FIP_Crypto - @HyperliquidX HyperEVM airdrop guide
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💡 Videos & Podcasts
• @therollupco - The Real Bottleneck in Scaling Isn't What You Think - Austin Federa
• @TheBrownGentYT - 10x Your Portfolio with @virtuals_io Genesis Launches! [Complete Guide]
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😇 Opportunity
@cookiedotfun v1.0 alpha and Cookie Snaps are live!
invite code: 4aUbo3Wm, zltiJDtG, r408aMqo, L5VVEe5w, aNhDjQz8
That's all!
🎮 Why Gaming Could Drive Web3 adoption.
Gaming has always pushed tech forward, broadband, GPUs, social platforms. Now, it’s time to lead Web3.
🔗 Why?
>Blockchain gives players true transparency and kind of self ownership via NFTs.
>Play-to-earn rewards gamers for their passion. This also cuts the marketing via UGC.
>Gamers are tech-savvy early adopters.
🚧 Challenges indeed still are there..
>Complex onboarding (wallets, keys).
>Subpar games prioritizing tokens over fun.
>Security risks & regulatory uncertainty.
🛤 Path Forward: Build great games, simplify UX, ensure sustainable economies. Let’s make Web3 gaming fun, secure, and player first!
Kudo's to @thirdweb for what they are doing to heavy lift one of the most important points in this..
would love to hear your thoughts.. I know alot of games failed this past week; or shutdown..
#MOODENG UPDATE 🔥
We’ve seen a solid surge from $MOODENG recently. Right now, it looks to be in an accumulation phase, with some sharp volatility in play.
I’m watching the moving averages closely if they catch up to the current price action, we should see a strong bounce toward the next resistance zone.
As always, stay sharp and trade safe, folks. 📈🫡