Dogecoin’s Wild 6% Surge: Is the Meme Coin Ready to Moon Again?
Dogecoin jumps 6% to $0.24, driven by whale accumulation and booming network activity. Could ETF hopes and market momentum push DOGE to $0.43? Buckle up for the ride!
Dogecoin (DOGE), the iconic meme coin, spiked 6% to $0.24 on May 22, 2025, fueled by a surge in network activity and a bullish crypto market. On-chain data reveals a 95% jump in trading volume and a 63% increase in realized profits, signaling strong investor interest. Whales have been busy, with addresses holding 1–10 million DOGE scooping up 800 million tokens since early May, boosting confidence.
The rally aligns with Bitcoin’s climb past $110,000, lifting altcoins like DOGE. Technical analyst Ali Martinez spotted a bullish pennant breakout, eyeing a $0.31 target, while others predict a run to $0.43 if momentum holds. Speculation around potential Dogecoin ETFs from Grayscale and 21Shares, despite SEC delays, adds fuel to the fire.
For new investors, DOGE’s appeal lies in its low price and vibrant community, but its volatility is a risk. With no supply cap, unlike Bitcoin, DOGE’s value leans on hype and adoption, like Tesla’s payment support. While a breakout to $0.40+ is possible, a dip below $0.21 could stall the rally. Stay cautious, monitor whale moves, and diversify to ride this meme coin wave safely.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
NOTICE:
The information provided on trafy.io does not constitute investment advice or recommendations. All investment and trading activities involve risks, and readers are advised to conduct their own research before making decisions.
