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news-imageFebruary 19, 2025

Is The 'Meme-Pocalypse' Here? Dogecoin, Shiba Inu, Pepe, Bonk Open Interest Craters Over 50%

Open interest in meme coin futures has significantly decreased as prices have dropped, sparking a debate about the sector's future. What Happened: In a post on X on Feb 19, Glassnode data shows the decrease, with Dogecoin (CRYPTO: DOGE) open interest down by 58.45%, falling from $3.58 billion on Dec. 9, 2024 to $1.49 billion recently.
Publisher: Benzinga
Sentiment: Negative
BONK
DOGE

More News Articles

Negative
cover-imageThe Currency Analytics
February 21, 2025

Dogecoin Faces Multiple Challenges: Is a Breakout Possible

Dogecoin (DOGE) has recently seen some movement, including a massive transfer of 100 million DOGE (worth $25.4 million) to Binance, raising speculation about its next market direction. Currently trading at $0.2551, DOGE has shown some recovery, but concerns persist about its ability to sustain a breakout.

Positive
cover-imageBenzinga
February 21, 2025

Dogecoin's Journey From Memecoin To 'Real' Money 'Crazy But Cool,' Says Elon Musk: 'I Am Living The Meme'

Tesla Inc. and SpaceX CEO, Elon Musk embraced his meme status during his recent appearance at CPAC 2025, tying it to his association with the popular cryptocurrency, Dogecoin (CRYPTO: DOGE). What Happened: During the interview with Newsmax host Rob Schmitt, Musk described himself as “living the meme,” a reference to his connection with Dogecoin, a cryptocurrency that originated from the internet-famous Doge meme featuring a Shiba Inu dog.

Neutral
cover-imageNewsBTC
February 21, 2025

Dogecoin Price On The Edge: Breakout Or Breakdown—What's Next?

In a technical update posted on X, crypto analyst More Crypto Online (@Morecryptoonl) presented a one-hour DOGE/USD chart (Binance) illustrating a precarious sideways movement and a potential turning point for the meme coin. At press time, Dogecoin is stuck around the $0.25 region, barely moving after a substantial drop in early February, with little to confirm a definitive bottom in place.

Positive
cover-imageBenzinga
February 21, 2025

Dogecoin 'Millionaire' Pushes 'Conviction Plays' Like PEPE Like There's No Tomorrow: 'Best Time To Start Buying'

Glauber Contessoto, popularly known as SlumDOGE Millionaire , advocated buying ‘conviction plays' like frog-themed Pepe (CRYPTO: PEPE) on Thursday, amid a broader slump in the meme coin market. What Happened: SlumDOGE Millionaire encouraged his X followers to seize the opportunity presented by the ongoing correction to invest in meme coins “like there's no tomorrow.

Positive
cover-imageBenzinga
February 20, 2025

Bitcoin, Ethereum, XRP, Dogecoin Continue Slow Walk Up

Cryptocurrency markets remain bullish on Thursday, fueled by optimism over potential altcoin ETFs. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $98,414.37 +2.6% Ethereum (CRYPTO: ETH) $2,753.73 +1.7% Solana (CRYPTO: SOL) $174.54 +3.5% XRP (CRYPTO: XRP) $2.71 +1.9% Dogecoin (CRYPTO: DOGE) $0.2543 +1.1% Shiba Inu (CRYPTO: SHIB) $0.00001555 +1.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 8.6% and daily active addresses falling by 11.6%.

Neutral
cover-imageBloomberg Markets and Finance
February 20, 2025

Bessent Says DOGE Should not be Lampooned or Attacked

US Treasury Secretary Scott Bessent discusses attacks on Elon Musk's Department of Government Efficiency and whether or not the idea of returning a portion of money found by DOGE to American citizens would be inflationary. He speaks on “Bloomberg Surveillance.

Negative
cover-imageUToday
February 20, 2025

Shiba Inu Burn Rate Drops to 1.97% in Momentary Lull

Dog-themed cryptocurrency Shiba Inu recently experienced a remarkable surge in its burn rate, a strategy aimed at lowering SHIB's total supply while potentially increasing long-term value. However, after a period of increase, Shiba Inu's burn rate has now taken a breather, settling at just 1.97% in the last 24 hours.

Negative
cover-imageNewsBTC
February 20, 2025

Dogecoin Could Collapse If This Support Fails, Analyst Warns

In a video on Wednesday, the popular YouTube channel More Crypto Online offered an analysis of Dogecoin's price structure, suggesting that the meme-inspired cryptocurrency could be on the cusp of a breakout or breakdown—provided it falls below critical support levels. The analyst's outlook centers around Elliott Wave counts, potential consolidation patterns, and pivotal price thresholds that could define Dogecoin's short-term trajectory.

Negative
cover-imageCoingape
February 20, 2025

Dogecoin Whale Dumps 100M Coins; What's Next For DOGE Price?

A Dogecoin whale's recent decision to offload a whopping 100 million coins has set off severe investor concerns on Thursday. The crypto whale or large-scale investor, reflected a loss of confidence in the meme-themed asset primarily attributed to the current broader market volatility.

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