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Are Dogecoin Holders Looking to Buy More After 16% Crash?
Yahoo Finance· 2026-02-01 19:30
Dogecoin price dropped sharply over the past several days, triggering concern across the market. The meme coin fell 16% in four days, briefly breaking key psychological levels. While the move unsettled short-term holders, the decline may support a healthier macro setup. Historically, similar pullbacks have created favorable accumulation zones for DOGE. Dogecoin Holders Are Sharp On-chain data shows Dogecoin holders moved quickly as price weakness emerged. Exchange net position change indicates rising a ...
The First Meme To Hit $1? Neither Dogecoin, Nor Shiba Inu, Traders Say
Yahoo Finance· 2026-01-28 16:01
Core Insights - Pudgy Penguins (CRYPTO: PENGU) has maintained a stable trading price of $0.009500 with a market cap of $597.3 million, despite a 3.5% decline over the past week, indicating a relatively stable performance in the meme coin market [1] - Analysts suggest that while the hype around meme coins has diminished, Pudgy Penguins has the potential to outperform in the future, particularly if Bitcoin's trend improves [2] - The Pudgy Penguins brand is recognized as a significant Web3 intellectual property, which adds credibility and potential for growth beyond mere speculation [2] Market Performance - Pudgy Penguins has shown a flat trading pattern over the past month, contrasting with other meme coins like Dogecoin and Shiba Inu, which have also experienced slight declines of 2.5% and 1.9% respectively [1] - The trading volume for PENGU is considered high, and it is not viewed as an attractive short position by traders, suggesting confidence in its fundamentals [1] Brand and Community Development - Pudgy Penguins has expanded into mobile gaming with its Pudgy Party initiative, which has already attracted over 1 million players and won multiple awards, indicating strong community engagement and growth potential [3][4] - The ongoing rollout of new game seasons suggests a commitment to maintaining user interest and expanding its player base [4] Future Outlook - Analysts believe that the current market structure of PENGU resembles that of Pepe's before its significant price increase, hinting at potential for future growth [2] - A price target of $1 is viewed as achievable over time, based on the brand's strong community and market presence [3]
Solana Treasury Firm Blames Sniper for Suspicious Meme Coin Trades
Yahoo Finance· 2026-01-22 21:57
Core Viewpoint - DeFi Development Corp. launched its meme coin DisclaimerCoin (DONT) and faced insider trading allegations shortly after the launch due to suspicious trading activity by an early investor. Group 1: Launch Details - DeFi Development Corp. launched the DONT meme coin on Thursday, with a public announcement made at 8:30 a.m. ET [4][5] - The firm holds over 2.2 million SOL, valued at approximately $283 million [4] Group 2: Trading Activity - An early trader, identified as "8FziB," purchased $4,000 worth of DONT tokens shortly after the token's creation, acquiring around 29 billion tokens, which is nearly 7% of the total supply of 420 billion tokens [2][3] - The trader's investment quickly appreciated to over $1 million as the price surged following the firm's promotional activities [2][6] Group 3: Allegations of Insider Trading - Blockchain data indicated that the trader began purchasing DONT tokens about 25 minutes after the token was created, before the public announcement [3][5] - Observers noted potential connections between the trader's wallet and another Solana address linked to DeFi Development Corp.'s liquid staking token, raising suspicions of insider trading [7][8]
1 Big Prediction for XRP in 2026
Yahoo Finance· 2026-01-18 12:14
Group 1 - XRP has started 2026 with a 13% increase and is predicted to set a new all-time high, trading above $4 by the end of the year [1] - Currently, XRP trades at $2, and its historical peak was $3.84 in January 2018, indicating a significant gap to the predicted price [2][7] - Consensus sentiment is low, with an average price prediction of $2.20 for 2026, suggesting only a 10% increase from current levels [3] Group 2 - Last year, XRP reached a multi-year high of $3.65 in July but ended the year below $2, contributing to the current low sentiment [4][8] - Online prediction markets indicate a mere 2% chance of XRP reaching $4 by the end of 2026, contrasting sharply with an 86% chance when it was at its peak [5][6] - XRP's price movements are heavily influenced by market sentiment, often trading like a meme coin reliant on hype and speculation [7]
LBank Exchange Listed PEACE (Peacetime)
TMX Newsfile· 2026-01-14 03:53
Core Insights - LBank Exchange has listed the PEACE (Peacetime) token, with trading for the PEACE/USDT pair now open [1] - PEACE is a meme coin based on the Solana blockchain, characterized by its lack of utility, governance, or a roadmap [3][4] Token Overview - Token Name: PEACE - Token Type: Meme - Blockchain: Solana - Allocation Breakdown: 85% for liquidity and 7% for the team [5] Philosophy and Purpose - PEACE serves as a parody of the noise and conflict prevalent in the crypto market, intentionally choosing silence and inaction as its core philosophy [4] - The token's existence is meant to highlight the absurdity of constant debate and opinions in the crypto space [4] Exchange Information - LBank, founded in 2015, is a leading global cryptocurrency exchange with over 20 million registered users and a daily trading volume exceeding $10.5 billion [6] - The platform has a history of zero security incidents and offers innovative trading solutions, achieving average returns of over 130% on newly listed assets [6] Market Position - LBank is recognized as the ultimate hub for 100x gems, having listed over 300 mainstream coins and more than 50 high-potential gems [7] - The exchange is ranked No. 1 in categories such as 100x Gems, Highest Gains, and Meme Share, making it a preferred platform for crypto investors [7]
Pump.fun’s DEX Volume Broke Above $2B: Here Are Hottest Meme Coins
Yahoo Finance· 2026-01-07 08:03
Core Insights - Pump.fun, a Solana-based token launchpad and decentralized exchange, experienced a significant increase in trading volume, rising by 99% over the past week, reaching a daily trading volume of $2.03 billion on January 6, marking a new all-time high [1] - The platform's native token, PUMP, gained 3.5% in 24 hours, trading at $0.00247, although it remains 80% down from its all-time high of $0.0121 in July [3] - The total meme coin market cap increased to $47.94 billion on January 6, the highest level since November 13, 2025, indicating a resurgence of interest in the meme coin sector [4] Trading Volume and Revenue - Pump.fun recorded a daily trading volume of $2.03 billion and collected $3.87 million in fees, generating a revenue of $1.53 million in the past day [1] - Within the Solana ecosystem, Pump.fun's trading volume is second only to Meteora, which recorded a volume of $2.14 billion on the same day [2] Performance of Tokens - FARTCOIN led the trading volume on Pump.fun with a market cap of $443 million and a trading volume of $213 million, gaining 55.6% in the past week [5] - Other notable tokens include PNUT and WHITEWHALE, which rose by 34.5% and 51% respectively, while ACT's value declined by 27% over the same timeframe [5]
Veteran analyst picks Dogecoin ETF as top fund to start 2026
Yahoo Finance· 2026-01-05 22:56
Core Insights - The best-performing ETFs at the start of 2026 include a 2x Dogecoin ETF and a 2x single stock semiconductor ETF, with the leveraged crypto ETF being the top fund so far [1] Group 1: Dogecoin ETF Overview - The 21Shares 2x Long Dogecoin ETF (Nasdaq: TXXD) launched on November 19, 2025, aims to deliver twice the daily performance of Dogecoin, providing investors with amplified exposure to the cryptocurrency [4][5] - The ETF has generated a year-to-date (YTD) return of 38.73% and currently holds $1.59 million in assets under management (AUM) [6][7] - As of the latest data, TXXD was trading at $21.05, reflecting an 18% increase in a single day, while Dogecoin was priced at $0.1522, up 1.6% in the last 24 hours [7] Group 2: Market Context and Influences - Dogecoin, launched in 2013 as a meme coin, gained significant popularity due to endorsements from figures like Elon Musk, contributing to its current market capitalization of over $25 billion, making it the ninth-largest cryptocurrency [3][4] - The launch of the Dogecoin ETF coincided with FalconX's acquisition of 21Shares, enhancing the fund manager's distribution capabilities [5]
Shiba Inu Is Mooning Today: Why This Top Meme Token Surged More than 15% This Weekend
Yahoo Finance· 2026-01-05 20:20
Core Viewpoint - Shiba Inu (CRYPTO: SHIB) has emerged as one of the best-performing cryptocurrencies over the past weekend, with a surge of 15.5% as of Monday afternoon, indicating a growing bullish sentiment among investors [2]. Group 1: Market Influences - The recent military action in Venezuela, which involved the extraction of President Nicholas Maduro by U.S. forces, has significantly impacted crypto investors due to the country's substantial crypto holdings [3]. - Investors are speculating that tokens may be removed from the market, leading to increased bullish bets on the digital assets sector [3]. - The geopolitical developments are perceived as a clearing event, allowing investors to refocus on core fundamentals [7]. Group 2: Investor Behavior - Shiba Inu is viewed as a sentiment gauge for cryptocurrencies and other risk assets, with its price action driven by investor sentiment regarding geopolitical events [6][7]. - Continued buying activity from large holders (whales) has prompted a reconsideration of bullish bets on Shiba Inu, with reports indicating that the top 10 wallets hold nearly two-thirds of the token's overall supply [8]. - If retail investor buying increases, Shiba Inu could be positioned for a significant upward move, which investors are currently pricing in [9].
I’m a Financial Expert: 4 Crypto Investments I’d Never Recommend — and 2 I Would
Yahoo Finance· 2025-12-29 17:02
Core Insights - The global cryptocurrency market is heavily influenced by Bitcoin, with its price fluctuations impacting other cryptocurrencies significantly [1] - Financial experts recommend avoiding certain cryptocurrencies, particularly meme coins, due to their lack of fundamentals and high volatility [1] Group 1: Cryptocurrencies to Avoid - Dogecoin (DOGE) is characterized as a "gambling token" with a $24 billion market cap but lacks real fundamentals, making it a risky investment [2] - Chickencoin (CHKN) is described as an "ultra illiquid micro-cap token" that poses legal and financial risks, potentially leading to significant losses for investors [3] - Pepe (PEPE) has no utility and is driven by internet hype, with its market cap peaking at $12 billion before halving, indicating high volatility and risk [5] - Shiba Inu (SHIB) is another meme coin that primarily exists as a joke, with experts advising against investment due to its speculative nature [5] Group 2: Market Outlook - Experts express a negative outlook on the cryptocurrency sector for the next 12 to 24 months, anticipating a significant market correction [6] - There is a possibility of becoming more bullish if prices stabilize at more rational levels in the coming years [6]
Here's Why I Wouldn't Touch Shiba Inu With a 10-Foot Pole
Yahoo Finance· 2025-12-24 20:57
Core Insights - The cryptocurrency market can generate significant wealth but is also characterized by extreme volatility, exemplified by Shiba Inu's journey [1] - Shiba Inu has seen substantial returns for those who timed their investments correctly, yet it currently trades 92% below its all-time high from October 2021 [2] Group 1: Market Sentiment and Price Volatility - Shiba Inu's price history shows multiple short-lived parabolic gains influenced by investor excitement and boredom, indicating a decline in interest over the past four years [4] - Investors in Shiba Inu are essentially betting on their ability to predict market sentiment changes, which is particularly challenging with a meme token [5] - The unpredictable price movements of Shiba Inu are driven by market sentiment, making it a risky investment choice [8] Group 2: Developer Activity and Project Viability - Shiba Inu is not among the top 100 cryptocurrencies in terms of developer activity, suggesting a lack of interest from skilled developers [6] - Although Shiba Inu has introduced projects like a metaverse and decentralized exchange, these are viewed as attempts to enhance legitimacy rather than substantial innovations [7] - The absence of a strong developer network raises concerns about Shiba Inu's long-term relevance and utility in the market [9] Group 3: Investment Alternatives - Investors seeking capital appreciation may find better alternatives than Shiba Inu, which lacks a strong use case for long-term relevance [10]