Author: Yeek.io

Dogecoin [DOGE] extended its slip below $0.1, its critical support zone. The memecoin breached $0.09 and dipped to August 2024 lows around $0.08 before rebounding to $0.093.  At press time, DOGE traded at $0.09064, down 11.4% on the daily charts. Over the same period, the memecoin market cap fell by more than $1 billion, reflecting substantial outflows. Dogecoin faces bearishness DOGE exhibited stubborn weakness as the market shifted entirely bearish, and traders aggressively liquidated their positions.  On the spot side, for example, the market exhibited total seller dominance. According to Coinalyze data, the memecoin recorded 3.1 billion in Sell Volume between…

The Official Trump [TRUMP] memecoin remains under pressure as price discovery continues to skew lower. The token was trading around 17%, at press time, below its previous day’s level, reflecting sustained selling activity across derivatives and spot markets. Market data suggests that downside pressure could persist in the near term. Capital flight, declining liquidity, and increasing bearish positioning continue to weigh on price structure. Derivatives market signals capital flight Memecoins typically experience amplified losses during periods of broader market weakness, and TRUMP has followed this pattern. Perpetual futures data shows consistent capital outflows, indicating reduced risk appetite among leveraged traders.…

Dogecoin and Shiba Inu slid deeper into selloff territory even as on-chain activity spiked, underscoring a growing disconnect between network usage and price action across the meme-coin sector. Summary Despite a 36% surge in Dogecoin active addresses, prices fell 3%, with Shiba Inu also losing 2%. Increased network activity is driven more by distribution than accumulation, signaling vulnerability to further declines. Trading at $0.00000641, SHIB is down 92% from its 2021 peak, facing weak transaction volumes and uncertain future utility. Dogecoin (DOGE) active addresses jumped 36% over the past week to more than 71,400, signaling renewed participation on the network.…

The White Whale [WHITEWHALE] crypto extended its price discovery despite broader market uncertainty. The memecoin defended the $0.10 level, surged to $0.125, then saw a modest pullback. At press time, WHITEWHALE token traded near $0.116, up about 24% over 24 hours. Trading volume rose roughly 93% to $12.69 million, while market capitalization climbed above $100 million. Whales reload near key demand After WHITEWHALE dropped toward $0.08, dip buyers stepped in across the market. Whale wallets led that response. Data shared by Onchainschool showed a WHITEWHALE treasury wallet adding roughly $200,000 worth of tokens. Following the purchase, the treasury’s holdings exceeded…

NFT communities are progressively reviving their tokens in the memecoin sector. This type of coin seems to be pretty much succeeding in crypto, as it combines utility with meme-driven culture. Recently, Moonbirds NFT followed this path. However, it remains to be known if the memecoin can replicate the similar success as that of Pudgy Penguins [PENGU]. Will Moonbirds mirror PENGU’s success? As the first of the year closed, Moonbirds NFT revived their collection with the launch of BIRB memecoin. Moonbirds NFT revived their collection of 10,000 Owl PFPs, now focusing on governance, staking, and rewards to enhance the memecoin’s utility.…

Quick take: Opinion’s market settlement mechanism is entirely on-chain. The platform claims to settle about a third of all prediction market volume globally and boasts about $130 million in open interest. The company plans to use the fresh capital to accelerate its global expansion ahead of an eventful global market. Opinion, the on-chain prediction market platform claiming to handle a third of the global volume, has raised $20 million in a pre-Series A round backed by Hack VC, Jump Crypto, Primitive Ventures, and Decasonic, among others, CoinDesk reported. The company plans to use the fresh capital to accelerate its global…

Dogecoin’s on-chain activity accelerated sharply over the past week, with Active Addresses rising 36% to above 71,400, data showed. The increase signaled renewed participation across the Dogecoin network, even as broader market conditions remained uncertain. However, activity growth alone did not guarantee upside. Instead, it highlighted rising interest near compressed price levels. That shift left traders watching whether network usage could translate into sustained demand. Historically, similar participation spikes preceded consolidation or inflection phases, depending on how leverage and price reacted next. Dogecoin price stays trapped inside descending pressure Dogecoin [DOGE] continued trading inside a clearly defined descending channel, reflecting…

Memecore [M] continued its remarkable recovery streak, extending the uptrend despite unfavorable market conditions. Memecore successfully defended the $ 1.20 support level, rising from $1.19 to a local high of $1.52, nearly erasing all recent losses.  At the time of writing, Memecore [M] traded at $1.5, up 12.06% on the daily charts. Over the same period, its market capitalization reached an intraday high of $2.2 billion, reflecting substantial capital inflows.  Memecore sees seller exhaustion Amid a broader market sell-off, Memecore faced significant downward pressure, breaching the $1.2 support level.  After it crossed this market, the market experienced seller exhaustion, and buyers…

On the 3rd of February, Onchain Lens shared a report revealing that a key wallet linked to Official Trump moved a massive 5.26 million TRUMP tokens, worth $22.44 million, to a BitGo custody wallet. While this token transfer does not disclose the team’s intent, it has raised speculation that the team may be preparing for a potential sell-off. This transfer appeared bearish, given the current market sentiment and Trump’s recent performance. Data from CoinMarketCap showed that the token had already lost 21% of its value over the past month. TRUMP’s price had jumped 3.25% over the past 24 hours and…

Quick take: Eligible users outside of the United States will be able to buy, hold, and trade the tokenized assets directly in the MetaMask mobile app. The tokens track the market value of underlying securities such as Tesla, NVIDIA, Apple, Microsoft, and Amazon, as well as ETFs including SLV, IAU, and QQQ. The platform supports trading 24 hours a day, five days a week, with token transfers remaining possible around the clock. MetaMask, a leading non-custodial crypto wallet service provider, has integrated tokenized US securities trading into its platform. According to the report by The Block on Tuesday, the integration…