DOGE Rises 17% as Whale Buying Intensifies and OKB Surges 150% After Massive Token Burn

Large-scale accumulation by Dogecoin (DOGE) whale holders has intensified buying pressure, with nearly 2 billion tokens—valued at approximately $500 million—added over the past week [1]. These large holders now control 18.3% of the circulating supply, signaling a growing conviction in the asset’s long-term potential. DOGE has risen 17% over the last seven days to trade at $0.24, with its RSI stabilizing from overbought levels above 80 to 54, easing concerns of a near-term correction [1]. Analysts note that the potential approval of the first US spot DOGE ETF could further catalyze gains [1], although current Polymarket data shows a 61% chance of approval by the end of 2025, down from 79% just a week earlier [1].

Meanwhile, OKB has seen a dramatic price rebound following a $7.6 billion token burn, permanently removing 65.26 million tokens from circulation [2]. This action has fixed the total OKB supply at 21 million and eliminated the possibility of further minting, aligning it with scarcity-driven models like Bitcoin’s halving cycle. The market response was immediate—OKB surged more than 150%, briefly trading above $140 before settling near $106 [2]. Daily trading volume spiked 13,000% to $723 million, indicating strong investor interest in the token’s newly reduced supply [2]. These developments come alongside recent upgrades to the OKX X Layer, including increased transaction capacity and Ethereum compatibility [2].

Amid these market shifts, Cold Wallet (CWT) is generating strong early traction through its Stage 17 presale, with a $0.00998 token price significantly lower than the next batch of $0.3517, offering a potential return on investment of over 3,400% [3]. Unlike speculative projects, Cold Wallet is supported by a live platform, including cashback and fee refunds that generate revenue from day one. It also inherits over two million active users from the Plus Wallet acquisition, providing immediate adoption and infrastructure [3]. With $6.4 million already raised, the project is able to focus on growth rather than fundraising, differentiating it from many early-stage offerings [3]. The pricing structure highlights a rare window for early buyers, and the project’s combination of utility, existing users, and scalable infrastructure sets it apart in the current crypto landscape [3].

The DOGE and OKB movements reflect the volatility and sentiment-driven nature of crypto markets, while Cold Wallet’s approach underscores the growing importance of fundamentals and real-world usage [4]. Whale activity in DOGE has historically signaled the start of price rallies, and OKB’s burn event aligns with broader trends in token supply reduction [1][2]. However, Cold Wallet’s model is less reliant on external market conditions, instead leveraging a ready-made user base and monetized transaction framework [3]. Analysts highlight that while DOGE and OKB face uncertain trajectories shaped by sentiment and regulatory outcomes, Cold Wallet’s value is being driven by active user adoption and transaction volume from the outset [4].

[1] Source: Dogecoin Whale Accumulation and Market Sentiment (https://coinmarketcap.com/community/articles/68a744eaee8d3e4363f81d92/)