🐶📈 Dogecoin, like most meme coins, have been hammered during the 2-month crypto-wide retrace. However, we recommend keeping an eye on the rising level of wallets holding at least 1M $DOGE, which has recovered during the price dump. Active addresses are also at 4-month highs.

📊 In terms of cryptocurrency discussions on X, Reddit, Telegram, 4Chan, Bitcointalk, and Farcaster, Bitcoin (in teal) is leading the way as usual. Cardano (in pink) is seeing a massive rise compared to usual, while Ethereum (red) and Dogecoin (orange) are nearly non-existent.

🐶 Dogecoin whale transactions have dried up in a hurry, with less than a third of the amount of $100K+ transfers happening weekly now compared to the meme coin's Trump pump run-up in early November. Look for another whale spike as a signal they are likely accumulating again. 👀

🥳 With crypto coming to life again on Tuesday, commentary across social media reveals positive sentiment forming toward Solana, Dogecoin, and Cardano.

🤔 Meanwhile, things are much more polarized for top 3 assets Bitcoin, Ethereum, and XRP.

📊 As 2025 has kicked off with roller coastering prices for crypto's top assets, the amount of hodlers have fluctuated wildly since the new year:

🪙 Bitcoin $BTC: +102K Wallets
🪙Ethereum $ETH: +645K Wallets
🪙XRP Ledger $XRP: +58K Wallets
🪙Cardano $ADA: +2.8K Wallets
🪙Dogecoin $DOGE: +29K Wallets
🪙Chainlink $LINK: -3.3K Wallets

If wallets are rising fast, the community is comfortable in the project for the long-term. If wallets are dropping, there may be some excess FUD that indicates an opportunity to buy (as a contrarian to the panicking crowd).

📊 Average trading returns are a great representation of whether 'buying low' or 'selling high' is actually the right timing. Currently, wallets active in the past 30 days are in negative range for BTC, ETH, ADA, and DOGE, and the vast majority of altcoins.

When MVRV's are negative, this means a buy or addition to your holding is doing so while others are already at a loss. Historically, these 'blood in the streets' moments are when professional traders make money.

Trade with caution, and do not assume these opportunity zone signals will lead to an immediate turnaround. But probabilities are pointing to at least a short to mid term turnaround for crypto shortly, assuming economic or geopolitical factors don't get in the way. 🌎