News Heat Trend
Whale Opens 10x Leveraged Long Position on DOGE Worth $4.4 Million
according to Lookonchain monitoring, a whale address 0x8d0E, which had previously accumulated losses of approximately $13.74 million, opened a 10x leveraged long position on DOGE in the past 2 hours. The position size is 40 million DOGE, worth about $4.4 million.
Binance DOGE Contract Open Interest Rises to 3.23 Billion in Five Days, an Increase of Nearly $100 Million
according to on-chain analyst Ai Yi's monitoring, since the afternoon of April 23, Binance's contract open interest has risen from 2.31 billion to a peak of 3.23 billion DOGE, an increase of 920 million DOGE, approximately $100 million, representing a growth rate of 39.8%. During the same period, the token's price only rose by a maximum of 5%.
Analysis: The MEME coin sector has rebounded nearly 20% over the past month, with its total market capitalization rising to $34 billion.
According to DL News, CoinMarketCap data shows that the meme coin sector rose nearly 20% over the past month, with its total market capitalization climbing to $34 billion—still down approximately 75% from its peak of nearly $140 billion in December 2024. Analysts say this rally is primarily driven by improved risk appetite, heightened on-chain speculation, and sharp gains among a few top-tier tokens—factors that may not fully reflect the sector’s overall health. Dogecoin remains the highest-market-cap and highest-trading-volume meme coin, yet it is down 87% from its 2021 all-time high. Additionally, the SEC and CFTC recently proposed a five-category token classification framework that classifies meme coins as collectibles; Canary Capital has also filed an application with the SEC for a Pepe ETF.
Related news
Whale Opens 10x Leveraged Long Position on DOGE Worth $4.4 Million
according to Lookonchain monitoring, a whale address 0x8d0E, which had previously accumulated losses of approximately $13.74 million, opened a 10x leveraged long position on DOGE in the past 2 hours. The position size is 40 million DOGE, worth about $4.4 million.
In the past 24 hours, DOGE liquidations exceeded $10 million, primarily short positions.
According to Coinglass data, DOGE liquidations over the past 24 hours totaled $11.47 million, of which short positions accounted for $11.09 million and long positions $380,000. The largest single liquidation amounted to $439,957, and the 7-day average liquidation volume is at an extreme level. Additionally, today’s DOGE liquidations were concentrated primarily on Binance (41.64%), Gate (15.59%), and Bybit (14.2%), indicating that these exchanges host a large volume of active leveraged trading.
Binance DOGE Contract Open Interest Rises to 3.23 Billion in Five Days, an Increase of Nearly $100 Million
according to on-chain analyst Ai Yi's monitoring, since the afternoon of April 23, Binance's contract open interest has risen from 2.31 billion to a peak of 3.23 billion DOGE, an increase of 920 million DOGE, approximately $100 million, representing a growth rate of 39.8%. During the same period, the token's price only rose by a maximum of 5%.
Analysis: The MEME coin sector has rebounded nearly 20% over the past month, with its total market capitalization rising to $34 billion.
According to DL News, CoinMarketCap data shows that the meme coin sector rose nearly 20% over the past month, with its total market capitalization climbing to $34 billion—still down approximately 75% from its peak of nearly $140 billion in December 2024. Analysts say this rally is primarily driven by improved risk appetite, heightened on-chain speculation, and sharp gains among a few top-tier tokens—factors that may not fully reflect the sector’s overall health. Dogecoin remains the highest-market-cap and highest-trading-volume meme coin, yet it is down 87% from its 2021 all-time high. Additionally, the SEC and CFTC recently proposed a five-category token classification framework that classifies meme coins as collectibles; Canary Capital has also filed an application with the SEC for a Pepe ETF.
Gray-scale updates are expected to include the following tokens in the product token list: HYPE, STX, VIRTUAL, etc.
According to a post on Grayscale’s official website, the firm has updated its list of cryptocurrencies under consideration for future investment products. Per the latest list, the “Currencies” category includes Bitcoin and XRP; the “Smart Contract Platforms” category now adds Stacks, Sui, Toncoin, and Tron; the “Financials” category includes assets under consideration such as Ethena, Hyperliquid, and Jupiter; the “Consumer & Culture” category features Dogecoin and Decentraland; the “AI” category includes Worldcoin, Virtuals Protocol, Story, and Grass; and the “Utilities & Services” category comprises Chainlink, LayerZero, and Helium. Grayscale stated that this list is reviewed quarterly to provide investors with diversified digital asset investment options.