Altcoin
Dogecoin Whales Offload 312M DOGE Amid Market Turmoil, What Lies Ahead?
Dogecoin whales sent shockwaves across the broader crypto landscape on Wednesday, embarking on a dumping spree amid broader market turmoil. The latest whale data signaled that roughly 312 million tokens were offloaded into cryptocurrency exchange Coinbase. In response, traders and investors reflect bearishness surrounding DOGE price prospects, with market concerns further solidifying due to another on-chain metric.
Dogecoin Whales Dump 312M Tokens Amid Market Turmoil Raising Concerns
According to transaction tracker Whale Alert on X, Dogecoin whales offloaded roughly 312 million coins to Coinbase on February 26. Three massive whale transactions collectively showcased the transfer of $64 million worth of tokens.
For context, crypto whales are large-scale investors holding substantial influence over the market and crypto prices. Their dumping chronicles usually signal a loss of confidence in the asset’s potential to offer gains. As a result, market participants also reflect a bearish stance on future price actions.
Other Key Metric That Solidifies Concerns
Simultaneously, crypto market analyst Ali Martinez revealed in a recent X post that DOGE network activity has declined 95% since last year. Notably, data indicates that the active network addresses dropped from 2.66 million in November last year to a mere 130,282 to date.
When coupled with the massive Dogecoin whale selloffs, on-chain metrics collectively reflect the loss of market interest.
How Is The Meme Coin Performing Today?
As of press time, DOGE price conversely witnessed a 5% increase in value, closing in at $0.2125. The leading meme coin hit a bottom and peak of $0.1968 and $0.2139 in the past 24 hours. The current price upswing defies the usual bearish market sentiments prevailing in light of the abovementioned market statistics.
However, it’s worth mentioning that weekly and monthly charts for the token show a drop of 16% and 31%, respectively. This broader crash is what appears to have prompted the Dogecoin whale selling.
Meanwhile, it’s also noteworthy that the broader slumping action mirrors the current broader crypto market trend. Bitcoin and altcoins currently face volatility due to macroeconomic heat and liquidity issues in the market. As a result, traders and investors continue to exercise caution when trading risk assets, bringing volatility to prices.
On the other hand, another key on-chain metric sparked contrasting speculations among investors. Notably, DOGE long-term holders are in ‘denial,’ as revealed by Ali Martinez. This data indicated that despite market fluctuations and price volatility, long-term holders have been optimistic about the crypto’s long-term prospects.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The Ripple market is facing heightened uncertainty as the TD Sequential indicator signals a potential bearish reversal. This development comes at a time when XRP price has experienced increased selling pressure, notably from large-scale holders. Traders and investors are debating market trends to assess the next possible move for XRP price.
TD Sequential Sell Signal Suggests Potential XRP Price Correction
Analyst Ali Martinez has identified a sell signal on XRP price using the TD Sequential indicator. This technical tool, widely recognized for predicting trend reversals, has been reliable in the past when analyzing XRP price movements. The indicator recently flashed a “1” sell signal on the two-week chart, which suggests that the asset could enter a corrective phase.
Previous occurrences of this signal have successfully marked turning points in the market. In past cycles, the indicator identified key support and resistance levels, allowing traders to anticipate potential shifts in the altcoin price direction. The recent sell signal appears at the top of an uptrend, reinforcing concerns about a possible slowdown in bullish momentum.
This bearish signal coincides with an ongoing decline in XRP price, which has already experienced a notable downturn in recent days. Investors are now closely monitoring price action and additional technical indicators to determine whether this signal will lead to a prolonged downtrend or a temporary correction.
However, despite the bearish crypto market, a recent CoinGape report has highlighted the top three reasons Ripple could surge by 300% in March 2025. The report points to XRP’s MVRV ratio entering an opportunity zone, rising whale accumulation, and positive regulatory developments, including a potential closure of the SEC case and progress on XRP ETF filings.
Technical Indicators Show Mixed Signals
While the TD Sequential indicator suggests a bearish phase, other technical indicators provide a mixed outlook for XRP price. The Parabolic SAR, which tracks trend direction, has recently flipped below the price, indicating a potential shift in momentum. This could mean that the ongoing downtrend is weakening, allowing for stabilization or a possible rebound.
Similarly, the MACD (Moving Average Convergence Divergence) indicator reflects decreasing selling pressure. The MACD line remains below the signal line, confirming the existing bearish trend. However, the histogram bars have started shrinking, suggesting a reduction in crypto market bearish momentum. If the MACD line crosses above the signal line, it could serve as a bullish reversal confirmation.
Whales Increase Selling Pressure
In addition to technical indicators signaling a correction, recent market activity has added pressure to XRP price. Data from analyst Ali Martinez reveals that Ripple whales recently offloaded 370 million XRP in 96 hours. This substantial sell-off contributed to a sharp 16% decline in Ripple price over the same period.
The whale dumping event occurred as the altcoin fell from $2.5 to $2.1, raising concerns among investors about continued downward movement. The broader crypto market has also experienced volatility, with global financial conditions and liquidity constraints affecting sentiment.
At press time, XRP price stands at $2.24, down 14.03% over the past seven days, reflecting a bearish trend. Despite the decline, XRP maintains a strong market cap of $129.78 billion, with ETF speculation potentially driving a rebound.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
XRP News: Ripple whales rattled the crypto market on Wednesday, embarking upon a massive selling spree amid an ongoing price crash. The latest whale data revealed by a renowned crypto analyst, Ali Martinez, showed that 370 million coins were offloaded in the last 96 hours. This dumping saga raised severe market concerns as XRP price slumped roughly 16% during the selling period.
XRP News: Whales Dump 370M Sparking Investor Concerns
According to whale data revealed by analyst Ali Martinez on February 26, Ripple whales sold 370 million coins in the last 4 days. Simultaneously, the coin’s price crashed by nearly 16% during this period.
As per the data, this dumping saga occurred amid a price drop from $2.5 to the $2.1 level. In turn, market watchers remain cautious about whether the token could drop to further lows amid heightened selling pressure brought by whales.
Why Has The 370M Selloff Become Hot XRP News?
It’s noteworthy that the whale dumping saga emerged as captivating XRP news for investors, offering a clear picture of the crypto’s future price movements. Traders and investors are now anticipating a continued downtrend ahead. This bearish projection is attributed to whales’ massive selling and broader market trends.
Notably, the crypto market currently faces extreme volatility triggered by macroeconomic heat and liquidity setbacks. With the new U.S. tariffs set to commence as soon as next week, global markets are taking heat.
In turn, CoinGape reported that the crypto market recorded over $1 billion in liquidations recently. Ripple’s crypto’s recent price fall also aligns with these broader trends.
Market Awaits SEC Lawsuit End
The recently boosted market sentiment for crypto is also waning amid declining buzz around the SEC lawsuit’s end. CoinGape recently reported that attorney James Murphey cited complexities within the XRP lawsuit, anticipating further delay before an endgame. As a result, the short-term buzz around the coin appears to be fading.
How Is Ripple’s Crypto Delivering Now?
As of press time, Ripple’s native coin conversely witnessed a 4% increase, closing in at $2.29. The intraday bottom and peak were $2.08 and $2.36, respectively. Market watchers are stormed as the token defies usual market sentiments in light of such massive selloffs.
However, other key metrics signal that this pump may be short-lived. An XRP price analysis by CoinGape recently revealed that the coin’s burn rate has also witnessed a substantial decline. Stagnancy in the crypto’s supply reduction process amid an ongoing volatile trend has added to market concerns.
Also, Ali Martinez further spotlighted the coin’s price chart on X, revealing that a potential drop to $1.65 awaits. Notably, the analyst states that the coin has broken out of the lower line of an ascending parallel channel, solidifying market concerns as it signals more downside pressure ahead. Traders and investors reflect a cautious approach amid the occurrence of such bearish XRP news.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto prices today (February 26): Traders and investors remain rattled as Bitcoin (BTC) price briefly touched the $86K mark intraday, whereas altcoins showed a rising action during early Asian hours on Wednesday. ETH neared $2,500 after dropping to the $2,300 zone recently. XRP and Solana (SOL) prices jumped by 1-3%. Meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) also gained 1%-7%, sparking speculations amid the flagship coin’s converse momentum.
Crypto Prices Today Illustrate Mixed Actions, Investors Uncertain
The global crypto market cap lost nearly 1.6% in the past 24 hours, shredding down to $2.94 trillion. Moreover, Coinglass data showed that market liquidations over the past 24 hours totaled over $1 billion. Particularly with Bitcoin recording over $500 million in liquidations, the flagship coin’s waning price action remains rationalized.
BTC Price Touches $86K Low
As of press time, BTC price tanked over 3% and rested at $88,867. The flagship coin’s 24-hour bottom and peak were $86,008.23 and $92,299.84, respectively.
As mentioned above, the waning price action aligns with $588.25 million worth of liquidations in the past 24 hours, per Coinglass data. Moreover, Bitcoin’s market dominance also took a hit, slipping by 1.41% to 60.02%. This signaled that altcoins witnessed considerable price gains intraday.
ETH Price Nears $2,500
ETH price traded at $2,489 at the time of reporting, up marginally by 0.13% intraday. The coin hit a bottom and peak of $2,326.63 and $2,529.67 over the past day. Ethereum recorded comparatively fewer liquidations than BTC, totaling roughly $178 million intraday.
XRP Price Jumps 2%
XRP price witnessed gains worth 2% over the past day, closing in at $2.31. The Ripple-backed asset hit a low and peak of $2.08 and $2.36, in the past 24 hours. Liquidations for the crypto totaled nearly $38 million in the past 24 hours, per Coinglass statistics.
SOL Price Soars 5%
SOL price witnessed a remarkable 5% pump as of press time, exchanging hands at $143.56. The crypto hit a 24-hour low and high of $132.49 and $146.74, respectively. Solana recorded liquidations worth $48.25 million in the past 24 hours.
Meme Crypto Prices In The Green
Simultaneously, Dogecoin (DOGE) price pumped over 1% to reach $0.2118. Shiba Inu (SHIB) price gained over 4%, closing in at $0.00001432. Pepe Coin (PEPE) price surged over 6.5%, securing $0.000008358. Nevertheless, the Official TRUMP token remained in the red amid the loss of market confidence in PolitiFi tokens.
Top Gainer Crypto Prices Today
Maker (MKR)
Price: $1,680.5
24-Hour Gains: +21%
Celestia (TIA)
Price: $3.72
24-Hour Gains: +16%
Story (IP)
Price: $5.5
24-Hour Gains: +16%
Top Loser Crypto Prices Today
Raydium (RAY)
Price: $2.53
24-Hour Loss: -15%
Bitget Token (BGB)
Price: $4.40
24-Hour Loss: -7%
TRON (TRX)
Price: $0.2304
24-Hour Loss: -5%
For context, crypto prices have recently faced immense volatility, primarily due to macroeconomic heat and liquidity issues. CoinGape reported that the cryptocurrency market lost $323 billion in quite a brief period amid bearish events urging investors to panic sell. Nevertheless, market watchers remain cautious as although altcoins show signs of a potential recovery-trend cooking, BTC still awaits a pump.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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