Large Crypto Investors Bet Big on Dogecoin, While TRUMP Eyes Breakout
22.01.2025 15:00 1 min. read Kosta Gushterov
Large-scale investors are making substantial moves in the cryptocurrency market, heavily accumulating Dogecoin (DOGE) even as attention shifts to the newly launched Official Trump (TRUMP) memecoin.
Analyst Ali Martinez observed that whales have acquired $640.5 million worth of DOGE—approximately 1.83 billion tokens—within just two days, highlighting the strategic focus of these investors.
In the meantime, TRUMP shows potential for a bullish breakout as it forms a falling wedge pattern on the lower time frames.
This chart structure, often seen as a sign of weakening selling pressure, suggests that the memecoin could consolidate before rebounding. If it surpasses its diagonal resistance, TRUMP may see a surge to $54.
While much of the market remains captivated by TRUMP’s volatility, seasoned investors appear to be capitalizing on the stability of established assets like DOGE, underscoring the contrasting strategies at play in the evolving crypto landscape.
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