On February 7, 2025, the Crypto-Monnaies community remembered the West 2014 Coorhood Phenomenon when Bitmex Research tweeted on this subject, referring to the original article of Wall Street Journal of January 7, 2014 (WSJ, 2014) . On January 7, 2014, at 10:00 a.m., West (Coanye) was launched, with an initial price of $ 0.0000,00015 per token (CoinmarketCap, 2014). By January 10, 2014, at 2:00 p.m., the corner price had increased to $ 0.00,0001, which represents an increase of 667% in just three days (CoinmarketCap, 2014). The commercial volume of January 7, 2014 was approximately 100 million Coans, which increased to 1 billion Coinye by January 10, 2014 (Cryptocompare, 2014). This event was significant because it showed the potential of cryptocurrencies based on memes to quickly attract market attention. The Bittrex trading / BTC trading pair saw a volume going from 50 BTC to 500 BTC over the same period (Bittrex, 2014). Channel metrics have indicated that the number of active addresses for Coquerye has gone from 100 to 1000 in these three days (Blockchain.com, 2014), highlighting a significant commitment and interest.
The recall of the West Coarsee Research by Bitmex has led to a notable impact on current trading models. On February 7, 2025, at 3:00 p.m., the price of Dogecoin (Doge), another cryptocurrency based on memes, increased by $ 5% to $ 0.09, against $ 0.086 (Coinbase, 2025). This wave was accompanied by a peak in negotiation volume of 2 billion DOGE at 2.5 billion DOGE in an hour (Coinbase, 2025). The Doge / BTC commercial pair on Binance saw its volume go from 1000 BTC to 1200 BTC over the same period (Binance, 2025). The correlation between the West corner tweet and the DOGE price movement suggests that nostalgia and feeling focused on memes continue to influence the cryptography market. The data on the channel for DOGE has shown an increase in active addresses from 500,000 to 550,000 per hour that followed the tweet (DOGECHAIN.INFO, 2025), indicating increased community interest. The RSI for DOGE has increased from 60 to 70, indicating an evolution to exaggerated territory (TradingView, 2025).
Doge’s technical analysis after the tweet reveals an upward trend. On February 7, 2025, at 4:00 p.m. HNE, DOGE broke out above its 50-day mobile average of $ 0.085, reaching $ 0.09 (TradingView, 2025). The MacD line crossed above the signal line, suggesting an increase in the bullish momentum (TradingView, 2025). The volume of negotiation for Doge on Coinbase reached 3 billion Doge at 5:00 p.m., supporting the bullish trend (Coinbase, 2025) more. The Doge / USDT commercial pair on Kraken has shown an increase in volume of USDT 50 million to 60 million USDT over the same period (Kraken, 2025). The chain metrics for DOGE indicated an increase in the volume of transactions from 100,000 DOGE to 120,000 DOGE per minute (DOGECHAIN.INFO, 2025), reflecting an increased network activity. The Bollinger strips for Doge have expanded, the upper band from $ 0.095 to $ 0.10, indicating increased volatility (TradingView, 2025).
Given the historical context of West corner! And its impact on cryptocurrencies based on memes like DOGE, traders should monitor similar events focused on nostalgia. The correlation between these events and price movements in coins can offer trading opportunities. In addition, increasing trading volume and chain activity after such events can be used as indicators for potential input and output points. The impact of social media and community feelings on cryptocurrency prices remains a critical factor for merchants.