SHIB Gains 10% on Chart Breakout as DOGE Whales Amass $500M Stash

SHIB breakout and DOGE whale accumulation have become key focal points in the crypto market, with Cold Wallet’s $6.3 million fundraising and its referral-based model positioning it as one of the top choices for 2025 [1]. Shiba Inu’s recent breakout from a symmetrical triangle pattern has drawn attention, with prices climbing nearly 10% to hover around $0.00001359. The next resistance levels lie at $0.00001438, $0.00001469, and $0.00001518, with a potential move as high as $0.00001599 expected if momentum continues. On-chain data supports the rally, showing a nearly 1% drop in SHIB’s exchange supply, reducing the number of tokens available for immediate selling. However, older tokens moving into exchanges could signal a potential sell-off risk, suggesting caution for traders despite the positive outlook [1].

Meanwhile, Dogecoin’s whale activity has intensified, with large wallets accumulating nearly 2 billion DOGE in the past week, valued at around $500 million. This brings their total holdings to over 27 billion coins, the highest level in over a month. Historical patterns indicate that such large-scale accumulation often precedes significant price movements. DOGE recently rebounded from $0.195 and tested the $0.25 resistance level, though a breakout remains pending. For further bullish momentum, stronger institutional demand and broader market strength will be critical [1].

Cold Wallet is emerging as a standout in the utility token space, leveraging a referral-based model that rewards users for inviting new participants. The platform has raised $6.3 million by selling over 740 million tokens at $0.00998 during Stage 17 of its token offering. Unlike speculative projects, Cold Wallet’s value proposition is rooted in user activity, with cashback incentives for swaps, bridging, and gas fees. This creates a self-sustaining growth mechanism where each new user contributes to the network’s expansion and value. The compounding effect of referrals ensures that the platform’s growth is organic and scalable, distinguishing it from projects that depend on whale-driven momentum or hype cycles [1].

Compared to SHIB and DOGE, Cold Wallet offers a more structured and sustainable model. Instead of relying solely on market sentiment or whale accumulation, it builds value through active participation and community expansion. For investors seeking the best crypto to buy now, Cold Wallet provides a practical framework with built-in incentives, allowing users to benefit from real-world usage rather than speculative gains alone [1].

The current market dynamics highlight the importance of structural incentives in long-term growth. While SHIB and DOGE remain attractive due to their price action and whale movements, Cold Wallet’s referral system and user-driven model offer a more predictable path to value creation. With its $6.3 million in funds raised and over 740 million tokens sold, Cold Wallet is positioned as a top pick for 2025, offering a rational and strategic entry point for investors [1].

Source: [1] SHIB Breakout & DOGE Whale Accumulation Drive Buzz While Cold Wallet’s $6.3M Raised & Referral Rewards Model Leads 2025 Picks (https://coinmarketcap.com/community/articles/68a694974b03e574f3435764/)