Dogecoin News Today: Dogecoin Surges 5.78% as Whales Drive Meme Coin Rally

Dogecoin and Shiba Inu have recently reclaimed key levels, attracting significant attention from traders. Dogecoin has broken out of a double bottom pattern, surging past the $0.24 neckline to hit $0.2525 with a 5.78% daily gain. This technical breakout suggests a potential move towards the $0.42 zone, marking a major reversal for the meme coin. The surge is backed by substantial whale activity, with wallets holding between 1 million and 100 million DOGE increasing their positions. One whale even opened a 10x leveraged long position worth $21.24 million, indicating strong confidence in the current price structure. However, caution is advised near the $0.30 resistance zone due to high MVRV and NVT ratios.

Meanwhile, Shiba Inu has seen a sharp increase in whale activity, with over 615 trillion SHIB tokens moved in just 24 hours. This level of movement is typically driven by high-net-worth investors preparing for market volatility. SHIB’s price briefly hit $0.000015, testing the top of its current resistance range. Some predictions suggest a potential breakout if whale accumulation continues, while others caution about a possible correction if sentiment fades. The recent data indicates that SHIB remains active in the market, and a clear move above resistance could spark a short-term rally.

While meme coins continue to dominate headlines, traders are increasingly shifting their focus to Remittix, an Ethereum-based token often referred to as “XRP 2.0.” Remittix is designed for global transactions and aims to modernize payments using smart blockchain technology. It has already raised over $16.6 million and sold 559 million tokens. Early adopters believe it could become the next significant player in the real-world payments space. Remittix is gaining traction due to its real-world payment utility, a $250K giveaway that creates community buzz, an upcoming wallet launch in Q3 that supports staking and storage, a 50% bonus for early buyers, and low gas fees with high speed, making it suitable for mass adoption and daily use.

As meme coins like Dogecoin and Shiba Inu show signs of life, smart capital is rotating into Remittix, highlighting the growing interest in real-world use cases and strong fundamentals. Traders are beginning to recognize that these factors may drive the next crypto bull cycle, shifting their focus from speculative meme coins to more utility-driven tokens like Remittix.