Dogecoin DOGE/USD And Shiba Inu SHIB/USD are trending downward as market participants closely monitor whale activity, burn rates and technical signals for the next big move.
| Cryptocurrency | Price | Market capitalization | 24 hour trend | 7-day trend |
| Dogecoin DOGE/USD | $0.3669 | $54.2 billion | -6.7% | +4.4% |
| Shiba Inu SHIB/USD | $0.00002061 | $12.1 billion | -2.5% | -2.2% |
| Pepe PEPE/USD | $0.00001594 | $6.7 billion | +1.5% | -6.2% |
Trader Notes: Crypto analyst Ali Martinez remains optimistic about Dogecoin’s further upside potential.
TraderSZ, however, declared that it suspended increasing long positions on DOGE, pending “proper mid-range recovery” before re-entering.
Despite this cautious attitude, he remains optimistic overall.
Meanwhile, trader StrongHedge has observed growing alignment in the market, with meme coins and beta assets gaining traction.
He noted that Shiba Inu and Floki are forming bullish divergences on higher timeframes, while Dogecoin continues to demonstrate strength.
Strong coverage predicted a broader rally as the market stabilizes.
Statistics: Shibburn data shows a 612.8% increase in the last 24 hours, with 3.2 million SHIBs removed from circulation.
Daily transactions on Shibarium remain robust, exceeding 4.7 million since December 2024.
IntoTheBlock data shows that Shiba Inu whale transactions and daily active addresses decreased by 48.4% and 3.1% respectively in a single day.
Martinez cited Santiment data to show that whales purchased an additional 590 million DOGE in the last 24 hours.
On the other hand, Coinglass data highlights a 5.8% increase in DOGE open interest ($4.9 billion) and a 23.8% increase in derivatives trading volume.
Short and long liquidations are at their lowest since December 2024.
Despite competition from new entrants like TRUMP and MELANIA, Dogecoin preserves its dominance among meme coins, ranking second in terms of 24-hour trading volume ($8.36 billion), behind TRUMP ($15.6 billion).
Read next:
This content was partially produced using AI tools and was reviewed and published by Benzinga editors.
News and market data powered by Benzinga APIs
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.