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Dogecoin (DOGE) is down 11% on Friday, May 30, recording the biggest loss among the top ten largest cryptos by market cap. The steep decline in Dogecoin price coincides with heavy whale selling activity as these large addresses sell 60 million tokens in the last two days.


The ongoing DOGE selloff follows a crash across the broader crypto market that has wiped out more than $700 million within 24 hours, according to Coinglass data. At press time, Dogecoin trades at $0.204, its lowest level since May 10.
Dogecoin Price Crashes as Bulls Lose Control
Dogecoin price is crashing amid intense selling that has led to bulls losing control. This selling pressure stems from $21 million in DOGE long liquidations at press time. The 50% spike in Dogecoin’s trading volumes per CoinMarketCap also signals high selling activity.
Following the ongoing decline, Dogecoin has made a bearish breakout from the consolidation range between the $0.21 and $0.24 price. This top meme coin has been trading within this range for nearly three weeks amid market uncertainty following capital rotation from altcoins to Bitcoin after the latter hit an all-time high.
The recent price crash also coincides with a bearish crossover between the 20-day EMA and the 200-day EMA. This usually signals a trend reversal from bearish to bullish and a continuation of the ongoing bearish trend.
The red AO histogram bars further depict the weakening short-term momentum as they shrink in size, which is a sign that bulls are losing control. The AO has been dropping since May 10, coinciding with a slow but gradual decline in Dogecoin price.
As the bearish momentum depicted by technical indicators grows, Dogecoin’s next support level lies at $0.17. Conversely, the immediate resistance level lies at the upper boundary of the consolidation channel, which is $0.24.

If Dogecoin falls to $0.17, it will align with a recent Coingape analysis, which noted that Dogecoin needs a 20% correction to $0.179 before the next bullish leg to $1.
Whales Dump 60M DOGE
In the last two days, large Dogecoin addresses holding between 100 million and 1 billion tokens have reduced their holdings from 26.55 billion to 26.49 billion DOGE. Hence, these whales have sold 60 million tokens in the last two days, equivalent to $12 million at the current Dogecoin price.

Looking at past data, Dogecoin whales tend to sell during and before price crashes, and accumulate when the price is on the verge of a major rally. Therefore, this selling activity supports the bearish technical outlook of a price decline to $0.17.
In summary, Dogecoin price is crashing because of the bearish outlook in the broader market, which has caused a surge in long liquidations. Whales have also dumped 60 million tokens within two days, and if history rhymes, this activity may indicate further dips ahead.

#DOGE #Dogecoin‬⁩ #Dogecoin‬⁩ #doge⚡ #Doge🚀🚀🚀

Floki Inu has announced the launch date for its Valhalla mainnet. The mainnet is scheduled to go live on June 30th, 2025. This event marks a major step for Floki Inu as it moves forward with its plans to build a utility-driven ecosystem.


Floki Inu Valhalla Mainnet Launch Date
According to a post by Floki Inu, the Valhalla mainnet will go live at the end of June 2025. The launch signals a new phase for the project, aiming to expand its presence in the crypto gaming space. Floki Inu shared that this launch is only the beginning, with further updates planned for the coming weeks.
The platform will release a second trailer for Valhalla soon, alongside additional marketing announcements. These communications are expected to provide more insight into the features of the Valhalla MMORPG. The company also teased potential “game-changing leaks” that could further attract community attention.
Floki Inu mentioned that a $50 million treasury unlock will happen on June 30th, 2025. Concurrent with Valhalla’s mainnet launch, this fund will help with progress updates and promoting the platform. Unlocking the treasury is designed to offer resources and support necessary to drive the project’s continued progress.
Partnership with New To The Street for Media Campaign
As the mainnet of Valhalla goes live, Floki Inu has linked with New To The Street to enhance its media visibility over the coming three months. Through this partnership, attention will be drawn to the projects Valhalla MMORPG as well as those of Floki Inu. The main audience for this campaign is people from the mainstream financial sector in the US.
The plan makes use of TV segments, billboards, commercials and investor events. Fox Business and Bloomberg TV will feature a new Floki Inu television interview every two months. New To The Street expects these broadcasts to reach over 219 million U.S. households. The aim is to introduce the platform’s ongoing work and utility-focused goals to a wider financial community.
In addition, Floki Inu plans to feature Valhalla in high-profile locations, including Times Square in New York City. This public exposure aims to draw mainstream attention to the project.
Floki Price Market Reaction and Price Trend
Following the announcement, technical analysis shows mixed signals for FLOKI’s price movement. According to current market trend, FLOKI’s price has experienced a decline, currently trading near $0.00009096. The token has seen nearly a 9% drop over the last 24 hours, with market cap and trading volume also decreasing.
Analysts point out that FLOKI seems to be creating a rounded bottom around an ascending trendline which could mean bullish momentum. Buy pressure seems to be weakening which could result in a breakout soon. The main resistance points are set at $0.0000950 and $0.000100 and support is located around $0.0000900.
Based on the breakout observed by Rose Premium Signals, this trend is expected to push prices towards $0.00015303 and $0.00017484.
With the planned launch of mainnet and enhanced efforts to promote FLOKI, its price may change. However, the token is under pressure at this time and needs to get past some resistance levels to confirm an uptrend.

#floki #FLOKİ #Floki🔥🔥 #FLOKI🔥 #FlokiCoin

James Wynn said that he will “recover all in one trade” after losing a staggering $37 million in Bitcoin bets. The crypto trader has opened a new 10x long position for PEPE Coin, and has been teasing the Moonpig meme coin on X platform.


The Hyperliquid whale, who gained popularity by generating a massive $87 million profit by betting on PEPE, TRUMP, and FARTCOIN, lost all of its and more in the last three days, on his Bitcoin bets. As per data by On-Chain College, these losses amount to $37 million, including fees.
Will James Wynn Succeed With PEPE and Moonpig?
Crypto trader James Wynn is back to betting on his favourite meme coin PEPE, which helped him mint millions in fortune. Furthermore, by tweeting the image of moonpig, the crypto trader wrote: “I’ll make it all back in one trade”.
I’ll make it all back in one trade$moonpig 🌕🐷 pic.twitter.com/l9qUi1HaCB— James Wynn 🐳 (@JamesWynnReal) May 30, 2025
As per the on-chain data on HyperDash, Wynn is once again betting on PEPE price rally going ahead, with a 10x leverage long.
The meme coin has entered a sharp correction recently, with 17% downside on the weekly chart. However, it still stands at a massive 43% gain on the monthly chart. Earlier this week, PEPE coin started trending following a post on Truth Social by US President Donald Trump.
Building A Community Around Moonpig
Following the recent tweet from Wynn, Moonpig price has shot up by 8% with massive candle formation, after being 10% down earlier in the day. The meme coin has already witnessed a 737% rally over the past month. In his message on the X platform, Wynn wrote: “my time is going to spent in the trenches and helping to build a community around $moonpig”. Furthermore, the crypto trader also conceded his loss in Bitcoin noting:
“The perps casino was fun. Zero regrets. Flipping $4m to $100m and back down to -$13m is one hell of a thrill. Hope many of you enjoyed it as much as I did. Most wouldn’t dare or dream to place these kind of trades.Well, they can’t, they don’t have the money to do so, nor the balls to take on that kind of risk publicly. I took a shot at making $1bn USD. Maybe next time 😉 I’ll be back”.
After closing his Bitcoin position at a massive loss, Wynn criticized the state of financial markets, calling out their alleged corruption. “One thing for sure is that I have exposed just how corrupt these markets are,” he said, further adding: “Guess it’s better to just buy and hold $BTC on spot and cold storage it.”

#MarketPullback #JamesWynn #Whale.Alert #pepe #PEPE‏

Solana is facing headwinds as a bearish pattern is forecasting another crash to $145. At press time, SOL price trades at $163 amid intense volatility that has seen the price fluctuate between a daily low of $161 and a daily high of $173.


Solana Price at Risk as Double Top Signals Further Bleed
In 24 hours, per Coinglass data, more than $30M in SOL longs have been wiped out. This has caused a bearish outlook since last coingape analysis that predicted $180 next as open interest hit a 4 month high. This sell-side pressure stems not only from spot selling but also from long liquidations.
Solana price may crash to $145 soon as it forms a double top pattern on its four-hour chart. This is one of the most bearish patterns in technical analysis, showing that the price has failed to break previous resistance and is now on the verge of falling to previous lows.
At press time, Solana was defending support at the neckline of this double top. This support lies at $159, and if SOL price breaches this level, the downward momentum will continue towards $145. At this point, SOL will have crashed by 11% from its current trading price.
The falling RSI adds strength to this bearish outlook, as this indicator plunges to the lowest level since early April. At press time, this indicator was at 30, a sign that the bearish momentum is strong, and sellers are in control.
The MACD further shows that bears are gaining strength, as the lengthening histogram bars indicate that selling activity is gaining strength.

Key Price Levels to Watch on Daily chart
One of the key levels to watch in Solana price movement is $185, which is also the top of the bearish pattern seen above. If Solana resumes the uptrend and breaks this level, it will invalidate the bearish thesis and confirm that bulls have regained control.
Fibonacci levels also show that if Solana drops below the support of $152, the resulting crash will not only push the price to $145, but also cause a dip to $117 if buyers fail to step in to accumulate at the current prices.
Meanwhile, the main resistance level lies at $188, and if the current bearish momentum weakens and buyers start accumulating SOL, the price may hit this level. An upswing beyond $200 also depends on Solana making a decisive close above this resistance.

To sum up, Solana price is on the verge of a crash to $145 after a double-top pattern emerged on the four-hour chart. As sell-side pressure surges, this crash may happen soon. For a more detailed forecast on how Solana will perform between 2030 and 2050, visit here.

#sol #solana #sol板块 #SolanaStrong #solanAnalysis

The crypto market saw liquidations of $657 million in the past 24 hours, as Bitcoin (BTC), Ethereum (ETH), and XRP prices dropped by 3.89%, 4.20%, and 6.49%, respectively.


Bitcoin’s rejection at a key technical level exacerbated the sell-off. Due to XRP’s high correlation with BTC, it faced a similar drop today.

As a result of today’s crash, the XRP Open Interest (OI) has dropped $140 million in the past 17 hours, according to VeloData. This flush in OI indicates that overleveraged positions were culled from the market, creating a favorable buying opportunity.

A 7% drop in the past 12 hours caused $23 million in XRP long liquidations. This sudden nosedive ended the 18-day range tightening that XRP underwent, creating lower highs and lower lows.
Connecting the trend lines with swing points reveals a falling wedge pattern. Generally, falling wedges offer a bullish breakout opportunity, but the recent crash has done the opposite due to Bitcoin’s crash.
Regardless, the nosedive in crypto markets has caused XRP price to revisit a key support level at $2.139. Considering that this support is the highest traded volume level on May 4, which led to an 18% rally, a retest of this level is likely to provide a stable support level. Absorption of selling pressure in this area could lead to a bottom formation here.

Will XRP price crash halt here? From a technical standpoint, the chances are in favor of bulls. However, Bitcoin’s outlook remains bearish as noted by CoinGape’s previous coverage. Hence, investors should watch for a BTC recovery rally to confirm a potential bottom formation for XRP. A failure to hold above $105K could lead to a steep correction for BTC, including a revisit of $ 100,000.
In such a case, the high correlation with BTC will cause XRP price to follow Bitcoin’s footsteps and crash lower. Investors can expect a retest of the $2 psychological level under these bearish conditions.

#bearishmomentum #BearishAlert #xrp #Xrp🔥🔥 #Ripple

Elon Musk formally exited his role in the Trump administration on Wednesday night, ending a contentious and generally unpopular run as a senior adviser to the president and de facto head of the so-called “department of government efficiency” (Doge).


Though he promised efficiency and modernization, Musk leaves behind a trail of uncertainty and reduced functionality.
The timing of Musk’s departure lines up with the end of his 130-day term limit as a “special government employee” but also plays a part in an effort by the billionaire to signal a wider shift away from Washington as he faces backlash from the public and shareholders.
Musk has recently made a show of refocusing his efforts on his tech companies in interviews, saying that he has spent too much time focused on politics and plans to reduce his political spending in the future.
As Musk moves on, he consigns a mess of half-realized plans and gutted agencies to his acolytes installed in key positions across the federal government.
His departure throws Doge’s already chaotic impact on the government into an even grayer limbo, with questions over how much power the nebulous taskforce will have without him and who, if anyone, might rebuild the programs and services it destroyed.
Doge’s debris
Musk’s initial pitch for Doge was to save $2tn from the budget by rooting out rampant waste and fraud, as well as to conduct an overhaul of government software that would modernize how federal agencies operate.
Doge so far has claimed to cut about $140bn from the budget – although its “wall of receipts” is notorious for containing errors that overestimate its savings. Donald Trump’s new tax bill, though not part of Doge and opposed by Musk, is also expected to add $2.3tn to the deficit, nullifying any savings Doge may have achieved.
Its promises of a new, modernized software have frequently been limited to AI chatbots – some of which were already in the works under the Biden administration.
The greater impact of Doge has instead been its dismantling of government services and humanitarian aid. Doge’s cuts have targeted a swath of agencies such as the National Oceanic and Atmospheric Organization, which handles weather and natural disaster forecasting and plunged others such as the Department of Veterans Affairs into crises.
Numerous smaller agencies, such as one that coordinates policy on homelessness, have been in effect shut down. Doge has brought several bureaus to their knees, with no clear plan of whether the staff Musk leaves behind will try to update or maintain their services or simply shut them off.
Elon Musk announces exit from US government role after breaking with Trump on tax bill
In one early example of its cuts and the holes in government they have created, Doge targeted the government tech group that partnered with federal agencies to provide tech solutions, known as 18F.
When Doge staffers entered the General Services Administration agency that housed the 18F Office, former employees have said they appeared to fundamentally misunderstand how the government operates and the challenges of creating public services.
Former 18F director Lindsay Young, who is now part of a legal appeal that contends the firing of 18F violated legal requirements, is concerned that Doge’s cuts will have long-lasting effects on government functions.
“In government, it’s just so much easier to tear things down than it is to build things up,” Young said.
The mass layoffs at the Department of Health and Human Services represented a similar loss of institutional knowledge that Doge does not seem intent on replacing.
Carl Tobias, a law professor at the University of Richmond who has been tracking Doge’s cuts, used the agency’s tobacco unit as an example, which was severely affected by the cuts.
“The loss of so much expertise, especially in the healthcare area will mean that more Americans will become sick or die earlier than they might have,” he said. “It also may take many years and great expenditure of resources to restore that experience and expertise.”
Musk’s gutting of USAid, formerly the world’s largest single provider of humanitarian aid, is one of the starkest examples of the disarray and harm that Doge’s cuts have caused.
The US canceled approximately 83% of USAid programs, imperiling services around the world aimed at humanitarian assistance and disease prevention. One pioneering program under USAid, Pepfar, which coordinates the US HIV/Aids response, has seen its services reduced worldwide and its staff left in confusion over what they can still do for people who relied on their organization.
Doge’s cuts to the program have likewise threatened the rollout of a new anti-HIV drug that researchers have hailed as a “miracle” for its effectiveness.
As Musk returns to Tesla and SpaceX, the agencies he laid waste to are left to pick up the pieces.
The Doge staffers still holding sway in government
While Musk is returning to his tech empire, many of the former employees and inexperienced young engineers whom he hired to work for Doge are set to remain part of the government.
One of the largest questions about what Doge’s future looks like is whether these staffers, some of whom gained near unfettered access to the government’s most sensitive data, will retain the same powers they enjoyed under Musk.
Doge staffers, such as billionaire investor and Musk ally Antonio Gracias, have embedded themselves at key agencies such as the Social Security Administration and Federal Aviation Administration.
They have worked as a sort of parallel government task force, operating with a lack of transparency as their attempts to access databases and migrate data has caused disarray and technical problems. Whether Trump and agency heads allow them to continue on with carte blanche remains unseen.
Already at least two prominent Doge staffers have followed Musk to the exit. The billionaire’s longtime top lieutenant Steve Davis, who was running the day-to-day operations of Doge, left his role on Thursday. Spokesperson Katie Miller, wife of Trump’s deputy chief of staff Stephen Miller, also left the White House to work full-time for Musk, according to CNN.
Musk is pivoting from DC and Doge’s failures – and wants investors to know
Some of Musk’s dictates have already been rolled back since he left Washington earlier this month, including a much-derided mandate that required federal employees to send a list of five things that they accomplished each week.
The weekly email, which was initially introduced with the threat of being fired for non-compliance, was largely ignored and viewed by many as pointless busywork. On Wednesday, the Pentagon formally announced that it would halt the practice.
Doge is not being left leaderless, however. Taking over for Musk, according to the Wall Street Journal, is Christian nationalist and key figure in the rightwing Project 2025 manifesto Russ Vought.
A longtime believer that the president should have sweeping executive powers, Vought has said that he wants federal employees to be left “in trauma” and to slash federal funding.
Musk has praised Doge’s work and pledged that it will continue without him, and as recently as this week is still removing veteran officials it disagrees with from federal agencies.
Even at reduced numbers, Musk’s allies also still have access to immense amounts of sensitive and confidential data they are reportedly intending to use to surveil immigrants.
What seems farther away than ever in the chaos, however, is Musk’s promise to make the government more efficient and better serve the public.
“You don’t need that many people to decide to just cut things,” 18F’s Young said. “But if you actually want to build things, that takes thought. It takes effort.”

#DOGE #MarketPullback #ElonMuskDOGEDeparture #ElonMuskTalks