Dogecoin (DOGE) has dropped significantly in the last 24 hours, with a nearly 10% decline to trade at $0.215 today, May 17. This decline coincides with an increase in whale selling activity after large addresses sold more than 170M coins in 24 hours, impacting Dogecoin price performance. Dogecoin Price Dips as Whales Dump 170M DOGE Dogecoin’s price is under bearish pressure this weekend due to a meme coin market crash, as it fell to a one-week low on Saturday. The decline follows a drastic surge in whale selling activity, highlighting a negative outlook from these traders as they anticipate that this top meme coin is going to face further losses. Data from Santiment shows that within 24 hours, the whales holding between 10M and 100M DOGE reduced their holdings from 23.91 billion to 23.74 billion. This highlights a sale of more than 170M tokens within 24 hours as Dogecoin price… Read More at Coingape.com
A renowned crypto market analyst has predicted that Pepe Coin price is gearing up for a huge rally this Wednesday, April 23. Analyst James Wynn has forecasted that the frog-themed meme coin is eyeing a bullish breakout shortly ahead, given it clears short-term resistance at $0.00001 and thus $0.00001050.
The upshot? Crypto market traders and investors are left abuzz with this bold prediction amid a broader market pump as of early Asian hours on Wednesday. One PEPE token’s price costed around $0.000009 at the time of reporting, with its value up nearly 15% intraday.
Analyst Forecasts Bull Run For Pepe Coin Price; Here’s Why
Analyst James Wynn posted on X recently, highlighting vital TA updates for Pepe Coin price. As per the analyst, the meme coin is currently facing short-term resistance at around $0.000010000, which is also acting as a psychological resistance.
Given that the meme token breaks this resistance, another ‘take profit’ zone is to occur at the $0.00001050 price level. At this point, the meme coin’s price chart is primed to witness a cup formation as short-term traders take profit and mild panic briefly drags the price.
However, the analyst stresses that “We’ll then rally back fast to key resistance point 0.00001050, piercing through it and then come back down for a retest at that level to confirm the breakout.” For context, Wynn suggested that after a successful breakout above 0.00001050, PEPE price will pull back and retest this level, marking it as its new support.
Once this scenario is in motion, FOMO is bound to kick in among traders and investors, which could drive further upward momentum in price. For context, this pattern formation is called the ‘Cup and handle’ pattern and is usually considered bullish by traders.
Source: James Wynn, X
Altogether, the analyst’s bold price prediction has kept investors optimistic, whilst the meme coin’s recent price action adds to this optimism. As mentioned above, Pepe Coin’s price is already up 15% intraday and 30% over the week, closing in at $0.000009086. It soared from a bottom of $0.000007841 in the past 24 hours.
A recent PEPE price analysis by CoinGape Media also poured additional optimism surrounding the meme coin’s price, revealing the timeline for a potential 7,220% surge. Notably, this bullish projection rides the back of Ethereum’s legendary performance, as ETH price today topped $1,800 amid broader bullish trends.
PI is poised to unlock over 250 million tokens in June, a move that could significantly intensify the selling pressure already weighing on the altcoin.
With technical indicators showing dwindling investor interest, PI could slide to its all-time low of $0.40 or even breach that threshold.
Pi Network Braces for June Unlock
According to data from PiScan, Pi Network is scheduled to unlock 276 million PI tokens in June. At market prices, these tokens are currently valued at approximately $176 million.
With market participants already cautious due to ongoing price weakness and low trading volume, the timing of this unlock could be particularly disruptive. Generally, an influx of tokens leads to heightened selling pressure, especially when investor sentiment is already bearish and there is no adequate demand to absorb the new supply.
This is the case with PI, as readings from its daily chart show signs of a continued decline in capital inflows. For example, the token’s Relative Strength Index (RSI) is in a downward trend and below the 50-neutral line at 40.49.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
PI’s RSI readings indicate a preference among market participants for distribution over accumulation. If this trend continues, its price could continue to slip.
Furthermore, the token’s Aroon Down Line is at 86%, confirming the strength of the decline. The Aroon indicator is used to identify trend direction and strength. When the Aroon Down line is close to 100%, it suggests that recent price action has consistently hit new lows, indicating strong bearish momentum.
DeFi Development Corp. (formerly Janover Inc.) is trying to raise $1 billion by selling securities to buy Solana (SOL) over time.
Earlier today, a report from Coinbase claimed that the firm had already raised $42 million for SOL purchases with similar sales. Apparently, these operations were only the beginning of a much larger ambition.
DeFi Development Bets Hard on Solana
In a trend that the crypto community is calling “Solana MSTR,” corporate actors have been buying SOL tokens.
“[DeFi Development] has adopted a treasury policy under which the principal holding in its treasury reserve on the balance sheet will be allocated to digital assets, starting with Solana. The Board of Directors approved the Company’s new treasury policy on April 4, 2025, authorizing long-term accumulation of Solana,” the filing claims.
In addition to selling up to $1 billion in securities, DeFi Development plans to register up to 1,244,471 shares of common stock for potential resale by existing stockholders to use this liquidity to buy Solana.
Specific details about each offering will appear in a supplement provided at the time of sale.
Coinbase noticed DeFi Development’s Solana ambitions and described them in a report released earlier today. The report described the company’s efforts to raise $42 million in convertible notes, using those funds to build an SOL reserve.
The company recently changed its name from Janover, and it now trades on the Nasdaq under the symbol DFDV. DeFi Development also aims to operate one or more Solana validators, enabling it to stake its treasury assets, participate in securing the network, and earn rewards that can be reinvested.
Corporate Solana investment is tiny compared to Bitcoin, but DeFi Development may just be its first whale. MicroStrategy’s plan to become a massive BTC holder didn’t just change its own character; it also transformed Bitcoin.
