Ethereum News Today: Dogecoin Whales Accumulate $200M As ETF Approval Odds Rise to 74%

Large Dogecoin (DOGE) holders have made significant moves in recent 24 hours, accumulating over one billion tokens valued at approximately $200 million. This sudden influx of capital has raised speculation about potential regulatory developments, particularly the possible approval of a U.S. spot DOGE ETF. The probability of such approval has increased from 56% to 74% in recent days, suggesting growing confidence in the asset’s institutional appeal and market viability [1]. Analysts believe that a spot ETF could trigger a surge in institutional investment, potentially positioning DOGE as a strong competitor to other leading altcoins [1].

While DOGE gains traction, Solana maintains a stable profile. Trading at $163.51 with a market capitalization of $88.04 billion, Solana continues to attract attention for its fast transaction speeds and low fees. However, its daily trading volume has dropped by 8.74%, signaling a lack of immediate upward momentum. Investors are beginning to seek alternative opportunities with more dynamic growth potential [1].

Ethereum, by contrast, faces a more challenging environment. Priced at $3,651, the cryptocurrency remains under pressure near a key resistance zone between $3,600 and $4,000. Historical data shows that this price range has previously led to sharp declines, including a 66% drop in late 2024. On-chain data reflects a net taker volume outflow of -$418.8 million, the second-largest such outflow on record, indicating potential panic selling or heavy profit-taking. With technical indicators like RSI showing a cooling trend, analysts warn that Ethereum could experience further declines of 25%–35% unless it breaks through resistance with strong volume [1].

In the evolving crypto landscape, MAGACOIN FINANCE has emerged as an alternative for investors seeking high-growth exposure. The project is described as combining the meme coin phenomenon with a utility-focused roadmap, drawing comparisons to the early success of PEPE in 2022 [1]. Currently in an early-access phase with limited supply, MAGACOIN FINANCE is being positioned as a strategic entry point ahead of major exchange listings. Analysts are highlighting it as a top altcoin pick for long-term investment [1].

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[1] Dogecoin Whales Pile In With $200M—Is DOGE About to Outrun Solana and Ethereum? (https://en.bitcoinsistemi.com/dogecoin-whales-pile-in-with-200m-is-doge-about-to-outrun-solana-and-ethereum/)