Dogecoin News Today: Crypto Whales Shift Focus From Dogecoin to PENGU and RTX Amid Rising Utility Trends

Generated by AI AgentCoin World
Friday, Aug 8, 2025 10:40 am ET2min read
DOGE--
RTX--
Aime RobotAime Summary

- Crypto whales shift focus from Dogecoin to Pudgy Penguins (PENGU) and Remittix (RTX) amid rising demand for utility-driven tokens.

- PENGU gains traction via NFT community support and Robinhood listing, while RTX surges on cross-border payment infrastructure and deflationary mechanics.

- RTX hits $0.0895 all-time high, backed by $18.3M funding and CertiK audit, with analysts forecasting potential $0.50-$1.00 price targets by early 2026.

- Market trends favor altcoins with real-world applications and strong tokenomics, signaling a strategic shift toward innovation over hype in crypto investing.

Late 2025 has seen a notable shift in the crypto whale activity, with attention turning away from DogecoinDOGE-- as investors redirect capital toward alternative tokens offering stronger fundamentals and clear use cases. Despite DOGE’s recent underperformance and lack of momentum, Pudgy Penguins (PENGU) and Remittix (RTX) are gaining traction, particularly among large-scale investors [1]. This trend reflects a growing preference for tokens with real-world utility and deflationary mechanics, especially as traditional altcoins face resistance without a clear breakout catalyst.

PENGU, the token of the Pudgy Penguins NFT collection, has seen a surge in demand, drawing in both retail and institutional investors seeking exposure to the booming NFT market [1]. The token’s appeal lies in its strong community support and the broader cultural influence of the NFT collection. On-chain activity indicates a rising level of whale accumulation, signaling confidence in the project’s long-term viability. PENGU’s visibility has been further boosted by its inclusion on platforms like RobinhoodHOOD--, which has helped attract a wider audience [1].

Remittix (RTX), on the other hand, is experiencing exponential growth driven by its cross-border payment infrastructure and robust tokenomics [1]. The token recently reached a new all-time high, trading at $0.0895 after a significant surge over the past two weeks. RTX’s appeal stems from its real-world application in facilitating crypto-to-bank transfers across more than 30 countries, a feature that is attracting both retail and institutional interest. The project has also passed a CertiK audit without critical issues, further enhancing its credibility [1].

The token’s deflationary model, which burns a portion of each transaction fee, adds an additional layer of support for its price trajectory. This mechanism, combined with the launch of the Q3 2025 wallet beta on September 15, is expected to drive further user adoption and liquidity [1]. Analysts have also noted the project's $18.3 million in funding and the sale of over 583 million tokens as key indicators of its growing market footprint.

The current market environment is increasingly favoring altcoins that offer tangible solutions and strong token economics. Early price forecasts for RTXRTX-- suggest a potential move toward $0.50 by year-end, with the possibility of reaching $1.00 in early 2025 if whale accumulation continues and the Q3 wallet launch drives widespread adoption [1]. Such predictions, while speculative, are grounded in the project’s fundamentals and recent performance.

As the crypto market continues to evolve, investors are showing a preference for tokens that combine real-world utility with sound economic models. This trend is likely to continue as more projects emerge with clear value propositions and scalable infrastructure. For now, the movement of whale capital toward PENGU and RTX signals a strategic shift in the altcoin landscape, favoring innovation and utility over hype alone [1].

Source: [1] Whales Ignore the Dogecoin Dip, Opting for PENGU and Remittix Amid Rising Momentum

(https://www.livebitcoinnews.com/whales-ignore-the-dogecoin-dip-opting-for-pengu-and-remittix-amid-rising-momentum/)

Quickly understand the history and background of various well-known coins

Latest Articles

Stay ahead of the market.

Get curated U.S. market news, insights and key dates delivered to your inbox.

Comments



Add a public comment...
No comments

No comments yet