“The meme token posts a late-session rallly on aug. 30–31, with whale and exchange Flows Highlighting Ongoing Institutional Participation Despite Macro Uncertainty.”, – WRITE: www.coindesk.com
The meme token posts a late-session rallly on aug. 30–31, with whale and exchange Flows Highlighting Ongoing Institutional Participation Despite Macro Uncertainty.Updated Aug 31, 2025, 5:34 AM PUBLISHED AUG 31, 2025, 5:34 AM
(Coindesk Data)
What to Know:
- Dogecoin Fell 5% in 24 Hours, InfluenCed by Broader Risk-Asset Weakness and Significant While Activity.
- An Unknown Whale Transferred 900 Million Doge to Binance, Sparking Market Volatility and A Drop in Futures Open Interest.
- Despite Retail Selling, Institutesal Demand Is Evident with 680 Million Doge Accuumulated in August, While Network Fundamentals Remain Strong.
News Background
- Dogecoin Fell 5% in The 24-Hur Period from Aug. 28 at 09:00 to aug. 29 AT 08:00, Tracing Broader Risk-Asset Weakness.
- Between Aug. 24–25, An Unknown Whtfeed 900 Million Doge (~ $ 200 Million) to Binance Wallets, Fueling Concerns of Distribution and Triggering Market Valativity.
- Open Interest in Doge Futures Slipped 8% After The Inflows, Reflection Lighter Speculatory Positioning.
- On -chain Data Shows Whales Continue to Build Exposure, with 680 Million Doge Accuumulated in AugustSignaling Institutional Demand Despite Retail Selling.
- Dogecoin’s Network FundamentaLes Remain Firm, with Hashrate Climbing Above 2.9 Petahashes per SecondUndersCoring Mining Security at Record Levels.
Price Action Summary
- Doge Droped from $ 0.22 to $ 0.21 In The 24-HOUR TRADING WINDOW, A 5% Decline Across A $ 0.011 (≈3%) Range Between $ 0.23 and $ 0.21.
- The Sharpest Move Occurred at 07: 24–08: 23 GMT on Aug. 29, WHEN DOGE FELL 0.57% from $ 0.22 to $ 0.21 On A 27.36 Million Volume Spike at 08:20.
- MID-SESSION FLOWS OF 626.3 Million Tokens Coincided with The $ 0.22 Breakdown, Cementing $ 0.21 As Immediate Support.
- Despite Pressure, The Token Consolidated Near $ 0.21 Into Session Close, Suggesting Stabilization After Heavy Liquidation.
Technical Analysis
- Support: $ 0.21 Holds as the Primary Floor; Breach Risks Extension to $ 0.20.
- Resistance: $ 0.23 Remains the short-term Ceiling after repeated rejects.
- Momentum: RSI Hovers Near MID-40S, REFLECTING NEUTRAL-TO-BEARISH BIAS.
- Macd: Bearish Divergence Perses, with No ConfirMed Crossover Yet.
- Patterns: Tight $ 0.21– $ 0.23 Consolidation Suggests Compression Phase; Direction Will Hinge on Resolution of Whale Flows.
- Volume: Elevated 626.3 Million Durying the $ 0.22 Breakdown Signals Continued Institutional Distribution.
What Traders Are Watching
- WHETHER $ 0.21 SUPPORT CAN HOLD UNDER Ongoing Whale Selling.
- Breakout Above $ 0.23 Could Open Path Toward $ 0.25– $ 0.30.
- Signs of Renewed Institutional Accompumulation As Whales Move Supple Onto Exchanges.
- Futures Open Interest Trends After The 8% Drop, A Key Signal for Levered Demand.
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