• bitcoinBitcoin (BTC) $ 121,973.00
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  • bnbBNB (BNB) $ 1,313.69
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  • xrpXRP (XRP) $ 2.87
  • solanaSolana (SOL) $ 223.38
  • usd-coinUSDC (USDC) $ 0.999708
  • staked-etherLido Staked Ether (STETH) $ 4,497.69
  • dogecoinDogecoin (DOGE) $ 0.250231
  • tronTRON (TRX) $ 0.338830
  • cardanoCardano (ADA) $ 0.825228
  • wrapped-stethWrapped stETH (WSTETH) $ 5,469.23
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  • jito-staked-solJito Staked SOL (JITOSOL) $ 275.76
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  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,497.24
  • binance-staked-solBinance Staked SOL (BNSOL) $ 240.00
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  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,742.98
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  • msolMarinade Staked SOL (MSOL) $ 296.85
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 121,803.00
  • flokiFLOKI (FLOKI) $ 0.000100
  • ether-fiEther.fi (ETHFI) $ 1.80
  • clbtcclBTC (CLBTC) $ 119,813.00
  • pyth-networkPyth Network (PYTH) $ 0.158627
  • fasttokenFasttoken (FTN) $ 2.02
  • the-graphThe Graph (GRT) $ 0.082724
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,281.89
  • kaiaKaia (KAIA) $ 0.142639
  • pendlePendle (PENDLE) $ 4.86
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,503.68
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  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.10
  • conflux-tokenConflux (CFX) $ 0.139555
  • global-dollarGlobal Dollar (USDG) $ 0.999703
  • galaGALA (GALA) $ 0.015445
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.85
  • stader-ethxStader ETHx (ETHX) $ 4,818.83
  • gtethGTETH (GTETH) $ 4,500.11
  • ethereum-name-serviceEthereum Name Service (ENS) $ 20.79
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  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998443
  • newton-projectAB (AB) $ 0.008416
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  • aethirAethir (ATH) $ 0.054578
  • the-sandboxThe Sandbox (SAND) $ 0.270437
  • fartcoinFartcoin (FARTCOIN) $ 0.657005
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  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,500.25
  • vaultaVaulta (A) $ 0.401302
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.249815
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  • true-usdTrueUSD (TUSD) $ 1.00
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  • bybit-staked-solBybit Staked SOL (BBSOL) $ 248.04
  • frax-etherFrax Ether (FRXETH) $ 4,469.58
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,502.15
  • wrapped-hypeWrapped HYPE (WHYPE) $ 45.45
Altcoins

Dogecoin Sees Heavy Buying From Whales as Elon Musk Supports BTC in New Party Rollout

By admin
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Dogecoin Sees Heavy Buying From Whales as Elon Musk Supports BTC in New Party Rollout

Dogecoin rallied more than 5% in the last 24 hours, climbing from $0.163 to $0.171, as Elon Musk’s launch of the America Party fueled optimism around a more crypto-aligned political future.

The breakout was backed by over 1.1 billion in trading volume, establishing strong support at $0.166. Whale wallets accumulated aggressively during the move, even as smaller holders exited, suggesting renewed institutional confidence in DOGE.

News Background

  • Elon Musk’s surprise announcement of the America Party over the weekend reignited political and crypto debate alike.
  • His platform, which includes strong pro-Bitcoin language and sharp criticism of Donald Trump’s “anti-innovation” financial agenda, has sparked speculation about DOGE’s role as a cultural and financial asset in Musk’s movement.
  • While no formal mention of Dogecoin was made, Musk’s history of integrating DOGE into Tesla and X (formerly Twitter) products has fueled speculation that the token may play a symbolic or transactional role in the new party’s vision.
  • The announcement comes amid broader economic uncertainty. President Trump’s July 9 tariff deadline looms large over global markets, contributing to volatility in crypto and equities alike.
  • Despite this, DOGE saw heavy buying from whale wallets — particularly those holding 1M–100M DOGE — even as retail positions declined, according to on-chain data from IntoTheBlock.

Technical Analysis Highlights

  • DOGE surged 5.01% over 24 hours from 6 July 03:00 to 7 July 02:00, moving from $0.163 to $0.171.
  • A breakout occurred between 12:00–13:00 on 6 July, with price jumping from $0.166 to $0.173 on 1.14 billion in volume.
  • Strong support established at $0.166, with price consolidating between $0.170 and $0.173 after peaking at $0.174.
  • Key resistance observed at $0.173 during late-session selling (21:00–23:00).
  • In the final hour, DOGE gained 0.85%, breaking above $0.171 with notable spikes at 01:16 (12.8M) and 01:36 (8.0M).

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