The cryptocurrency market is once again showing activity, with noticeable price increases for Solana and increased whale purchases for Dogecoin. Let’s take a closer look.
Solana’s Rally: New Heights
Solana's price has garnered attention this week, jumping from $148 to around $164.5. The rally followed high trading volume and positive technical signals. A major whale wallet unstaked over $221 million in SOL, moving some to exchanges. The market absorbed it well, showing strong demand. Metrics like Total Value Locked (TVL) are close to $8.8 billion, and active DApp users are increasing.
Dogecoin’s Whale Activity: What’s Happening?
Dogecoin is experiencing a significant surge in whale buying and on-chain activity. In the last 24 hours alone, DOGE recorded over $23 billion in large transactions, surpassing Bitcoin and Ethereum. Active address count jumped by 35%, reaching 157,000. Large wallets are accumulating DOGE rather than selling it. On the charts, Dogecoin has bounced from about $0.189 to $0.199, supported by strong trading volume.
Current Trends in the Crypto Market
The rally in Solana and the activity of Dogecoin whales indicate a revival of the market. Solana aims for $170+ amid speculation of a potential ETF, while Dogecoin’s on-chain statistics show a real buying interest from large investors.
Current events in the cryptocurrency market, such as Solana's rally and Dogecoin's whale purchases, demonstrate an overall improvement. These trends may suggest a renewal of investor and trader confidence in the cryptocurrency market.
