Dogecoin Surges 7% Over Last 5 Days As Whales Accumulate

BitcoinistPubblicato 2022-09-26Pubblicato ultima volta 2022-09-27

Introduzione

Dogecoin has observed a surge of 7% over the last five days as whales have been showing signs of accumulation...

Dogecoin has observed a surge of 7% over the last five days as whales have been showing signs of accumulation behavior.
Dogecoin Addresses With 100 Million To 1 Billion DOGE Have Gone Up By 5% Recently
Both Dogecoin and the general crypto market have been struggling hard in recent weeks, but these last few days have been kinder to DOGE as the memecoin has gained some upwards momentum.
At the time of writing, DOGE is trading around $0.0625, up almost 4% in the past week. Here is a chart that shows the trend in the coin’s price over the last five days:

The value of the crypto seems to have seen an uplift over the last few days | Source: DOGEUSD on TradingView
As you can see in the above graph, Dogecoin surged up in recent days, and hit a peak a couple of days back. Since then, however, the crypto has observed some decline.
Nonetheless, this drawdown hasn’t been drastic enough so as to erase all the gains since the coin still retains around 7% positive returns during the period.
Monthly performance-wise though, the original memecoin is still down bad as its holders are 8% underwater over the last thirty days.
DOGE’s returns over the past five days have been better than many other top cryptos, even handily beating both Bitcoin and Ethereum (who have been trading mostly sideways recently).
So, what’s behind this sudden rise in the memecoin’s price? A hint comes from an analyst on Twitter, who has pointed out that the last week has noticed an increase in addresses holding between 100 million and 1 billion DOGE.
The below chart shows the trend in this indicator over the last few months:
Looks like the value of this metric has gone up recently | Source: Twitter
From the graph, it’s apparent that the number of wallets with 100 million to 1 billion DOGE has seen a 5% uplift during the last week or so.
Such large holdings belong to the whales, which means the number of such investors in Dogecoin has increased, suggesting there has been some accumulation going on in the market.
The 5% surge corresponds to 6 new whales joining the network, and these whales’ wallet amounts total up to around 620 million DOGE ($38.5 million).
Since the timing of these buys have come around the latest rise in Dogecoin’s price, it would seem natural that this accumulation could be behind the pump.
BTC Price
Currently, Bitcoin’s price is floating around $18.9k, down 4% in the last seven days.

BTC hasn't budged much during the last few days | Source: BTCUSD on TradingView
Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, IntoTheBlock.com

Letture associate

Soaring Export Data for Memory Chips, Market Is Redefining the Valuation Anchor for Memory Stocks

Korean storage export data for the first 20 days of June shows substantial year-on-year increases in both value and price-per-kilogram for categories like DRAM, NAND, and SSDs. This signals a potential shift beyond simple demand recovery, indicating rising prices and a product mix shift towards higher-value items, possibly influenced by AI infrastructure needs. A key point is that the surge in price-per-kilogram is not simply a uniform chip price hike. It reflects a combination of actual price increases and, more importantly, an export structure increasingly dominated by high-value-density products like HBM (High-Bandwidth Memory) and advanced DRAM, which are critical for AI servers. This suggests AI-driven demand may be spilling over from just HBM into broader memory markets. SK Hynix stands to benefit directly due to its leading HBM position. For Samsung and Micron, the implication is potential for greater margin elasticity if the tightness in high-end memory spreads to enterprise SSD and NAND prices. However, the storage sector remains cyclical. Risks include supply expansion, inventory changes, and potential slowdowns in broader AI capital expenditure. Ultimately, while the strong export data supports upward revisions for storage company earnings and fuels discussion of an "AI infrastructure bottleneck premium," a definitive valuation shift from a cyclical to a structural story depends on upcoming quarterly reports. Investors need confirmation from SK Hynix, Samsung, and Micron that improvements in average selling prices, product mix, and, crucially,毛利率 are sustained over multiple quarters.

marsbit33 min fa

Soaring Export Data for Memory Chips, Market Is Redefining the Valuation Anchor for Memory Stocks

marsbit33 min fa

Why Does SpaceX Have Such a High Valuation Ceiling? The Answer Lies in Musk's Business Blueprint

SpaceX achieved a record-breaking IPO on June 12, 2026, with its market cap surging past $2.1 trillion. This valuation reflects its central role within Elon Musk's expansive, interconnected technological ecosystem. The article details how four core components form a synergistic closed-loop system: 1) **The "Brain" (xAI & Orbital Compute):** xAI provides AI models and massive ground/space-based supercomputing for simulation and decision-making across the system. 2) **The "Neural Logistics Core" (Starlink & Starship):** Starlink's low-latency satellite network enables global data transmission, while Starship's low-cost, reusable launch capacity aims to make large-scale space deployment economically viable. 3) **The "Physical Body" (Tesla & Optimus):** Tesla's manufacturing prowess and energy products support hardware production and power, pivoting toward mass-producing the Optimus humanoid robot for terrestrial and potential space-based labor. 4) **The "Human Interface" (Neuralink & X):** Neuralink seeks direct brain-computer communication, and the X platform provides real-time societal data. Together, these elements create three reinforcing "flywheels": manufacturing/logistics, data-driven iteration, and energy/compute/network synergy. This integrated approach promises lower costs, faster innovation cycles, and potential infrastructure-as-a-service offerings. However, it also concentrates technical, regulatory, and corporate governance risks. Ultimately, SpaceX's high valuation stems from its position as the indispensable infrastructural backbone—handling space transport, global communications, and future orbital computing—tying together Musk's entire vision for a self-reinforcing technological empire.

marsbit37 min fa

Why Does SpaceX Have Such a High Valuation Ceiling? The Answer Lies in Musk's Business Blueprint

marsbit37 min fa

Snap, Unprofitable for Nine Years, and a Decade-Long AR Obsession Without Return

Snap's AR Obsession: A Decade of Betting Against the Odds On June 16, Snap CEO Evan Spiegel unveiled the new AR glasses, Specs, priced at $2,195, causing the company's stock (SNAP) to plummet nearly 10%. The launch was met with intense criticism online, with investors questioning why a consistently unprofitable company would stake its future on an expensive product its core young user base can't afford. Snapchat, known for pioneering features like ephemeral Stories and popular AR lenses (like the iconic dog filter), has a history of innovation often copied by rivals like Instagram and Meta. Despite this, it has struggled to translate first-mover advantage into commercial success. Since its 2017 IPO, Snap has reported annual net losses, with a Q1 2026 loss of $89 million. Its stock is down 94% from its 2021 peak, hampered by iOS privacy changes, competition, and a young demographic less attractive to major advertisers. In this challenging context, Spiegel is doubling down on AR. He calls 2026 a "crucible moment," having recently laid off 16% of staff while reportedly investing over $3.5 billion cumulatively in its AR glasses line over nearly a decade. The new Specs represent a significant leap from the 2016 camera-focused Spectacles, offering true AR overlays, gesture control, and standalone operation. However, at $2,195, it faces tough comparisons. While more advanced than Meta's $799 Ray-Ban smart glasses, critics point to its heavier weight, short battery life, and features largely replicable by a smartphone. Facing pressure from investors to cut losses on the Specs project, Spiegel has refused, framing it as essential to Snap's long-term vision. The company finds itself in a paradoxical position: cutting costs while heavily funding a decade-long, unproven bet. Some see Specs as an awkward but necessary step in AR's evolution, akin to early mobile phones. Whether Spiegel is a visionary outlier or a gambler destined to fail remains an open question, highlighting the tension between long-term ambition and short-term market demands.

marsbit59 min fa

Snap, Unprofitable for Nine Years, and a Decade-Long AR Obsession Without Return

marsbit59 min fa

Annualized Revenue Exceeds $20 Billion, Kalshi Aims to Become the First Prediction Platform IPO?

Kalshi, a leading U.S. prediction markets platform, is reportedly in early, informal discussions for an Initial Public Offering (IPO). The company's annualized revenue now exceeds $2 billion, fueled by its dominance of over 90% of the domestic prediction market activity. This growth stems from a surge in trading volume—reaching a total of $52.7 billion—and an increase in fee rates, largely driven by sports event contracts like the NBA playoffs and the 2026 FIFA World Cup. Monthly active users are approximately 2 million. Kalshi recently raised $1 billion in a funding round led by Coatue Management, valuing the company at $22 billion. It has also expanded its offerings to include Bitcoin perpetual contracts and plans to launch a dedicated trading platform, Kalshi Pro. However, Kalshi's path to an IPO faces significant regulatory hurdles. The core risk involves jurisdictional conflicts, as multiple U.S. states are challenging its operations under local gambling laws. For instance, Arizona has filed criminal charges against the platform, while states like Kentucky have filed lawsuits. Kalshi and the Commodity Futures Trading Commission (CFTC) argue that its event contracts fall under exclusive federal jurisdiction as "swaps." The outcomes of these ongoing legal battles could critically impact Kalshi's core revenue and its IPO timeline. Analysts suggest that while an IPO could theoretically occur by late 2026, a more likely timeframe is late 2027 or 2028, contingent on resolving legal issues and favorable market conditions. If successful, its fundraising could significantly exceed $1 billion, given its current valuation and revenue multiple.

Foresight News1 h fa

Annualized Revenue Exceeds $20 Billion, Kalshi Aims to Become the First Prediction Platform IPO?

Foresight News1 h fa

Don't Care if You Know Football or Not, Buying the Draw Is the Best Strategy for This World Cup?

The article analyzes the 2026 FIFA World Cup group stage and argues that betting on a draw has been a surprisingly profitable strategy. Based on data from the prediction market Polymarket, a strategy of betting $1000 on a draw for each of the first 40 matches would have yielded a return of over 100%, despite only 13 matches ending in a draw. The core of the strategy is not the frequency of wins, but the high payout when low-probability draws occur, such as Spain's 0-0 draw with Cape Verde, where pre-match odds for a draw were only 5.5%. The article identifies common draw scores, like 1-1, which provide stability, and high-value 0-0 stalemates, where favorites fail to break down resilient defenses. It highlights Group G as an example, where 3 of the first 4 matches ended in draws, illustrating that draws are a tactical part of group stage calculus as teams often prioritize not losing. In conclusion, while strong teams remain favorites on the pitch, the article claims that for traders, betting on draws has so far produced the most significant profits.

Odaily星球日报1 h fa

Don't Care if You Know Football or Not, Buying the Draw Is the Best Strategy for This World Cup?

Odaily星球日报1 h fa

Trading

Spot

Futures